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. 

YOUR IMPACT

We are looking for a highly motivated individual who is able to deliver credit risk analysis on corporate transactions, on the basis of a thorough understanding of credit fundamentals, of leveraged capital structures and of risks associated with lending and derivatives products. You will be responsible, from a Credit Risk standpoint, for a portfolio of EMEA Corporate clients, and you will be expected to manage it on the basis of a deep understanding of credit fundamentals, market trends, impact of changing regulation requirements and risks associated with lending and derivatives products transactions. 

OUR IMPACT

The Risk Division is a team of specialists charged with managing the firm’s risk, and providing the overall financial control and reporting functions. 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. 

 Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable level of firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions. 

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.