• Credit Risk, Workout & Restructuring, Associate, London

    Location(s) UK-London
    Job ID
    2019-56187
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Risk Management
    Region
    EMEA
    Division
    Risk
    Business Unit
    Credit Risk Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    WHO WE ARE

     

    The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

     

    JOB SUMMARY & RESPONSIBILITIES 

     

    Credit Risk is responsible for assessing, monitoring and managing credit risk at the Firm. The department is staffed globally with offices in New York, London, Hong Kong, Tokyo and other major financial centres, is independent of the Business Units and reports to the Firm’s Chief Risk Officer and Chief Financial Officer. Credit Risk leverages its extensive expertise in financial, credit and risk analysis to provide astute and objective judgments to the firm and its clients in new transactions and portfolio management.

     

    Since Credit Risk works closely with almost every division of the firm, its professionals gain diverse financial experience and a broad perspective on how the firm functions as a whole. Its unique position keeps the department at the forefront of the firm's strategic developments.

     

    The Workout & Restructuring team is a specialist group within Credit Risk that maintains primary responsibility for managing the firm’s distressed and defaulted credit positions.  The London based team has regional coverage for the portfolio in Europe, Middle East, Africa, Asia and Australia.  All major industries are represented, including retail, natural resources, financial services, TMT and real estate.

     

    At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally.  From collaborative work spaces and mindfulness classes to working from home and flexible work options, we offer our people the support they need to reach their goals in and outside the office.

    RESPONSIBILITIES AND QUALIFICATIONS

    KEY RESPONSIBILITIES

    • Assess the credit and financial strength of the firm's corporate borrowers and counterparties by performing fundamental credit analysis using both quantitative and qualitative factors
    • Review credit agreements, bond indentures, ISDAs and related legal documents pertinent to transaction structuring and recovery assessments
    • Perform detailed analysis for highly structured lending, investing and derivatives trades
    • Create and update quarterly portfolio reviews for a diverse and global portfolio of distressed credit related positions
    • Track default and recovery metrics, and regularly report key information to senior management
    • Contribute to approvals for new distressed loan transactions, recommend regulatory ratings, monitor trends in the portfolio, perform distressed analysis and estimate potential impairments
    • Interact regularly with Credit Risk industry teams, Loan Origination, Sales & Trading and Special Situations businesses on transaction approvals
    • Actively participate in credit committees and express views with supporting rationale
    • Develop and manage relationships with other areas of the firm, including Investment Banking, Sales & Trading, Merchant Banking, Special Situations Group, Controllers, Treasury, Legal, Compliance, Technology, etc.

     BASIC QUALIFICATIONS

    • Experienced associate level candidates will be considered
    • 2+ years work experience preferred within either credit risk, distressed investing, restructuring or leveraged finance.
    • Excellent academic credentials. Degree in Economics / Finance / Business discipline preferred
    • Strong interest and familiarity with corporate finance, financial restructurings and financial markets
    • Experience assessing corporate credit quality, and providing assessment for transaction approval
    • Strong analytical and quantitative skills. Comfort building complex financial and valuation models
    • Strong ability to manage detailed financial and operating information
    • Strong written and verbal communication skills
    • Ability to work under pressure and to meet deadlines
    • Ability to work flexibly and autonomously as part of focused team
    • Ability to juggle changing priorities and a varied workload

     

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.