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- Tasks: Assess corporate borrowers' credit strength and support risk management processes.
- Company: Join Goldman Sachs, a leading global investment banking firm.
- Benefits: Diverse opportunities for growth, wellness programs, and a supportive work culture.
- Why this job: Make an impact in finance while collaborating with top professionals in the industry.
- Qualifications: 3+ years in credit risk management and strong analytical skills required.
- Other info: Dynamic team environment with a focus on diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
Risk, Corporate Credit Risk, Associate, London
Join to apply for the Risk, Corporate Credit Risk, Associate, London role at Goldman Sachs
Overview
CREDIT RISK – Corporate Credit Associate. The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Corporate Credit Risk manages a portfolio of corporate lending and derivatives trading clients and ensures best in class execution of transactions and ongoing portfolio management.
Responsibilities
- Assist in assessing the credit and financial strength of the firm\’s corporate borrowers and counterparts by performing fundamental credit analysis using both quantitative and qualitative factors.
- Support the review of lending and underwriting transactions, contributing to the determination of risk appetite and regulatory ratings, by analysing cash flow projections and key documentation protection.
- Contribute to regular sector analysis to help assess portfolio concentrations or trends.
- Collaborate with Investment Banking/Financing group, Sales & Trading, Legal, Operations, and Compliance departments to support the approval of derivatives business and ensure appropriate documentation, limits, and risk mitigants to protect against counterpart default and minimize potential losses.
- Analyse the risks inherent in the products transacted by the firm, including lending, trading, and derivative products.
- Support the management of relationships with other areas of the firm, including Investment Banking, Asset Management, Global Markets, Controllers, Treasury, Legal, Compliance, and Technology.
Basic Qualifications
- Minimum of 3 years of credit risk management experience, with a background in corporate credit risk.
- Experience in investment banking products including loan products and derivatives.
- Demonstrable ability to contribute to independent decision-making processes and support client and business negotiations.
- Familiarity with regulatory rating requirements and application of such guidance.
- Strong documentation (loan and/or derivatives), analytical, presentational, and communication skills required.
- Ability to work effectively within a diverse deal team, taking guidance from and supporting senior members of the team.
- Ability to communicate clearly and concisely within the firm.
Competencies
- Functional Expertise – Actively learns and keeps up-to-date with relevant business, economic, and market trends.
- Technical Skills – Demonstrates foundational technical skills required for the role, pays attention to details, and takes initiative to broaden knowledge and apply financial/analytical skills.
- Drive and Motivation – Successfully handles multiple tasks, takes initiative to improve performance, works diligently towards challenging goals, and persists in the face of obstacles or setbacks.
- Client and Business Focus – Effectively responds to requests, builds trusting relationships with colleagues and clients, helps identify/define needs, and manages expectations.
- Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members, and acknowledges contributions.
- Communication Skills – Communicates relevant information in a clear and concise manner, shares information/new ideas, and escalates issues appropriately.
- Judgment and Problem Solving – Thinks ahead, anticipates questions, plans for contingencies, seeks alternative solutions, and identifies clear objectives. Analyse complex issues.
- Creativity/Innovation – Looks for new ways to improve current processes and develops creative solutions that are practical.
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 are 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. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Details
- Seniority level: Associate
- Employment type: Full-time
- Job function: Finance and Sales
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Risk, Corporate Credit Risk, Associate, London employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk, Corporate Credit Risk, Associate, London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk sectors. A friendly chat can lead to insider info about job openings or even referrals that could give you a leg up.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and industry knowledge. Be ready to discuss credit risk management and demonstrate your analytical prowess. We want to see you shine!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you, and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. It’s a small gesture that can make a big difference.
We think you need these skills to ace Risk, Corporate Credit Risk, Associate, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Corporate Credit Risk Associate. Highlight your relevant experience in credit risk management and investment banking products, as this will show us you understand what we're looking for.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your analytical, communication, and teamwork skills. We want to see how you’ve applied these in real situations.
Craft a Compelling Cover Letter: Your cover letter is your chance to tell us why you’re the perfect fit for this role. Be sure to express your passion for credit risk and how your background aligns with our needs. Keep it concise but impactful!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss any important updates from our team.
How to prepare for a job interview at Goldman Sachs
✨Know Your Credit Risk Fundamentals
Make sure you brush up on your credit risk management knowledge. Understand the key concepts of corporate credit risk, including how to assess a borrower's financial strength and the importance of cash flow projections. Being able to discuss these topics confidently will show that you're well-prepared.
✨Familiarise Yourself with Regulatory Requirements
Since the role involves understanding regulatory ratings, it’s crucial to be familiar with the relevant guidelines. Research the latest regulations affecting corporate credit risk and be ready to discuss how they impact decision-making processes during the interview.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that test your analytical and problem-solving skills. Think of examples from your past experience where you successfully managed risks or contributed to decision-making. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Showcase Your Teamwork Skills
Collaboration is key in this role, so be prepared to discuss how you've worked effectively within diverse teams. Highlight specific instances where you supported senior members or collaborated with other departments, as this will demonstrate your ability to fit into their team-oriented culture.
