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- Tasks: Join our Workout & Restructuring team to analyse distressed credit and develop recovery strategies.
- Company: Be part of a leading firm managing diverse financial risks globally.
- Benefits: Enjoy competitive pay, mentorship opportunities, and a collaborative work environment.
- Why this job: Make a real impact in financial recovery while working with top professionals in the industry.
- Qualifications: 6+ years in credit risk management, strong analytical and communication skills required.
- Other info: Opportunity to mentor junior analysts and engage with various business lines.
The predicted salary is between 43200 - 72000 £ per year.
The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
The Workout & Restructuring (W&R) team is a specialist group within Credit Risk (CR) that maintains primary responsibility for managing the firm’s distressed and defaulted credit positions to maximize recoveries, and evaluating and structuring new transactions with distressed counterparties. Principal offices are in New York, Salt Lake City and London to ensure global coverage of the portfolio. All major industries are represented, including consumer and retail, natural resources, financial services, TMT and real estate. All major business lines are in scope, including Investment Banking, Asset Management Division, Global Markets and Private Wealth Management.
Workout & Restructuring team members are generalists, and the successful candidate will have the opportunity to work on distressed restructurings/re-capitalizations across the capital structure in different geographies within EMEA/APAC and multiple industries. In this role you will:
- Conduct in depth counterparty credit analysis including review of industry fundamentals, financial strength, qualitative factors and likelihood of default.
- Develop expertise in bankruptcy and distressed credit management.
- Participate in formulating workout strategies and approval discussions.
- Work with senior credit/restructuring professionals, and in some cases take the lead, to determine the firm’s risk appetite and appropriate reserve level for distressed counterparties.
- Develop a thorough understanding of key fundamentals of credit underwriting including financial modeling/projections.
- Draft transaction memoranda, expressing and supporting Credit Risk’s recommendations.
- Escalate issues to Credit Risk senior management.
- Monitor the performance of counterparties in the distressed Watch List portfolio, including adherence to terms and covenants, and repayments.
- Act as a mentor for junior analysts in the team.
- Develop and manage relationships with other areas of the firm, including Investment Banking/Capital Markets, Sales & Trading, Operations, Collateral Management, Legal, Compliance, Technology.
Minimum of 6 years of credit risk management experience (mainly in the non-investment grade space) with some experience in credit restructurings. Demonstrable track record of independent decision making as well as the ability to work collaboratively in team settings. Strong legal documentation (loan and/or derivatives), analytical, presentational and communication skills required. Ability to lead and motivate an engaged and diverse deal team, providing guidance to and supervision of junior members of the team. Ability to communicate with the senior levels within GS, both inside & outside of Credit risk.
Risk, Credit Risk-Workout & Restructuring, Associate, London employer: Goldman Sachs Group, Inc.
Contact Detail:
Goldman Sachs Group, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk, Credit Risk-Workout & Restructuring, Associate, London
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management and restructuring. Understanding current market conditions and regulatory changes can give you an edge during interviews, as it shows your commitment to staying informed and relevant in the field.
✨Tip Number 2
Network with professionals already working in the Workout & Restructuring team or similar roles. Attend industry events or join relevant online forums to connect with insiders who can provide insights about the role and potentially refer you for the position.
✨Tip Number 3
Prepare to discuss specific case studies or examples from your past experience that demonstrate your ability to manage distressed credit positions. Being able to articulate your thought process and decision-making skills will be crucial in showcasing your fit for the role.
✨Tip Number 4
Highlight your collaborative skills and ability to work with diverse teams. Since the role involves liaising with various departments, emphasising your experience in cross-functional teamwork can set you apart from other candidates.
We think you need these skills to ace Risk, Credit Risk-Workout & Restructuring, Associate, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and restructurings. Use specific examples that demonstrate your analytical skills and decision-making abilities, particularly in distressed situations.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the firm. Discuss your understanding of the Workout & Restructuring team's responsibilities and how your background aligns with their needs. Be sure to mention your collaborative nature and attention to detail.
Showcase Relevant Skills: Emphasise your strong legal documentation skills and any experience you have with financial modelling or credit analysis. Highlight your ability to communicate effectively with senior management and mentor junior team members.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Check for grammatical errors, clarity, and ensure that all information is accurate. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Goldman Sachs Group, Inc.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with credit analysis and how you've evaluated distressed positions in the past. Be ready to provide specific examples of your analytical approach and the outcomes of your decisions.
✨Demonstrate Team Collaboration
Since the role requires working closely with various teams, highlight instances where you've successfully collaborated with others. Discuss how you contributed to team goals and supported junior members, as this will resonate well with the interviewers.
✨Understand the Industry Landscape
Familiarise yourself with current trends in credit risk management and restructuring, particularly in the EMEA/APAC regions. Being able to discuss recent developments or case studies will show your commitment and knowledge of the field.
✨Prepare for Technical Questions
Expect questions related to financial modelling, legal documentation, and credit underwriting fundamentals. Brush up on these topics and be prepared to explain your thought process and methodologies clearly.
