Goldman Sachs Salt Lake City , UT 84101
Posted 3 weeks ago
.Risk, Credit Risk, Credit Research Group (CRG) Corporates Associate, Salt Lake City
Divisional Overview
The Risk Division is charged with managing the firm's credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who enjoy an environment that fosters constant learning, are interested in supporting growth of the Firms many business activities and have strong personal ethics and attention to detail.
Department Overview
Credit Risk is responsible for opining on and managing trading & lending activities as well as evaluating/monitoring the financial health of the Firm's many clients. Credit professionals work closely with many areas of the firm and gain diverse financial expertise as well as broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a varied and multi-dimensional work environment.
Credit Research Group (CRG) Corporates Team Overview
The CRG Corporates Team is responsible for (i) the ongoing surveillance and monitoring of counterparties across the corporate sector, including Consumer Retail and Healthcare (CRH), Technology Media and Telecommunications (TMT), and Diversified Industrials (DI), (ii) synthesizing reports to senior management and Portfolio teams, and (iii) actioning internal and regulatory risk rating changes.
Key Responsibilities
Conduct counterparty analysis covering industry-level and company-specific quantitative and qualitative factors to assess creditworthiness and recommend internal credit ratings and regulatory risk ratings
Develop a thorough understanding of counterparty financial disclosures and transaction memoranda
Develop and maintain financial models to assess counterparties' ability to service debt through cash flow projections
Identify and escalate notable industry and performance trends and recommend appropriate action
Monitor the performance of counterparties in the portfolio, including adherence to covenants and analyzing the counterparties' performance relative to budget and underwriting expectations
Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
Support key Risk governance and approval committees
Prepare and submit in-depth analysis supporting counterparty ratings for Federal regulatory examinations
Basic Skills & Qualifications
Bachelor's degree and 3+ years of prior work experience in a relevant field
Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)
Desire and willingness to learn coding languages such as SQL, Python, etc. and a comfort with data analytics
Strong analytical, presentational, organizational and communication skills required
Preferred Skills & Qualifications
Goldman Sachs