Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our dynamic team to assess and manage structured loans for ultra-high net worth clients.
- Company: Goldman Sachs, a leading global investment banking firm with a commitment to diversity.
- Benefits: Professional development, wellness programs, and a supportive work environment.
- Other info: Opportunity to work in a collaborative environment with excellent career growth potential.
- Why this job: Make a real impact in private wealth management while building your career.
- Qualifications: Experience in financial services and strong analytical skills are preferred.
The predicted salary is between 60000 - 80000 £ per year.
YOUR IMPACT Do you have a strong financial background, experience in underwriting or credit analysis, and are you looking for a dynamic team on which to build your career? We are seeking candidates that are highly analytical and client focused to be part of our Private Lending Underwriting team, which is responsible for the underwriting and portfolio management of structured loans to ultra-high net worth individuals.
OUR IMPACT Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.
Private Lending Underwriting (PLU), based in London, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients in EMEA. In this capacity, PLU assesses, underwrites, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process includes a thorough analysis of the borrower’s financial condition, assessment of any collateral securing the loan, identification of risks and mitigants, among other items. Types of loans underwritten include commercial real estate, GS and third-party private equity/hedge funds (including co-invest facilities), aircraft, fine art, hobby properties, private company stock, yachts, marketable securities, etc. PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. In addition, PLU participates in various business-related initiatives, such as new product development and systems/operational enhancements. This is a client facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
- Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
- Develop and maintain a thorough understanding of the product suite offered in Private Lending.
- Ensure consistency in the underwriting process and with the standards prescribed in the Product Lending Guides
- Document the loan structure and analysis for credit approval and file documentation purposes
- Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
- Confirm compliance with all covenant and collateral monitoring procedures
- Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
- Interact with banking regulators on an as needed basis.
- Provide other support of GS International Bank loan portfolio as requested
- Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and the wider GS EMEA personnel
REQUIREMENTS
- Experience within financial services and private wealth management
- A bachelor’s degree and a relevant professional CFA or FRM qualification is considered a plus
- Experience covering structured lending (Credit Risk or Underwriting) directly in private wealth management is preferred
- Key skills include detailed knowledge of financial accounting, analysis, and modelling as well as product knowledge of structured wealth products
- Excellent communication skills, both written and oral
- Strong project management, multi-tasking, and work organization skills
- Flexible, personable, confident, and self-motivated while focusing on being a team player
- Desire to be part of a dynamic and growing business
- No licensing required for this role
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Private Bank, Underwriter, Associate, London employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Private Bank, Underwriter, Associate, London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and underwriting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect role!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of structured lending products. Be ready to discuss your analytical approach and how you’ve tackled challenges in past roles. Confidence is key!
✨Tip Number 3
Showcase your client management skills! In your conversations, highlight how you’ve built relationships and provided tailored solutions in previous positions. This is crucial for a client-facing role like the one at Goldman Sachs.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining our dynamic team at Goldman Sachs. Let’s get you that interview!
We think you need these skills to ace Private Bank, Underwriter, Associate, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Private Bank Underwriter role. Highlight your financial background and any relevant experience in underwriting or credit analysis. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining our team and how your analytical skills can contribute to our Private Lending Underwriting team. Keep it engaging and personal!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in past experiences. Whether it's through financial modelling or risk assessment, we want to see your expertise in action!
Apply Through Our Website: Don't forget to apply through our website! It's the best way to ensure your application gets to us directly. Plus, you'll find all the details you need about the role and our company culture there.
How to prepare for a job interview at Goldman Sachs
✨Know Your Numbers
Brush up on your financial knowledge, especially around underwriting and credit analysis. Be prepared to discuss specific metrics and examples from your past experiences that demonstrate your analytical skills.
✨Understand the Product Suite
Familiarise yourself with the types of loans underwritten by the Private Lending Underwriting team. Knowing the ins and outs of commercial real estate, private equity, and other structured products will show your commitment and readiness for the role.
✨Showcase Your Communication Skills
Since this is a client-facing role, practice articulating complex financial concepts in a clear and concise manner. Prepare to give examples of how you've successfully communicated with clients or stakeholders in the past.
✨Demonstrate Team Spirit
Highlight your ability to work collaboratively within a team. Share experiences where you’ve contributed to team success, especially in high-pressure situations, as this role requires strong relationship management skills.