• Securities - Loan Management Data Analytics - Analyst - Bengaluru

    Location(s) IN-Bengaluru
    Job ID
    2019-56978
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    India
    Division
    Securities
    Business Unit
    Resi Mortgage Asset Mgmt
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    ABOUT GOLDMAN SACHS


    The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

     

    BUSINESS UNIT OVERVIEW


    Loan Management division primarily supports the Securities Division,within Goldman Sachs. Trade management
    team is responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisitions
    and sales/securitizations of residential loan portfolios, and ensuring completion of transaction closing requirements.
    Also involved in Post trade activities and is responsible for the Asset management and facilitation of the portfolio’s
    strategies including interacting with third party vendors to manage assets.
    Goldman Sachs Private Limited, located in Bengaluru, India, is seeking a Trade Management Analyst to support the
    Securities division’s Mortgage Loan Trading Desk.


    The Trade Management Analyst is responsible for conducting due diligence on collateral documentation to determine
    the current ownership status of an asset, assisting in due diligence for the acquisition of residential loan portfolios,
    facilitating the sale/securitization of assets, and conducting diligence reviews on Goldman Sachs’ third-party vendor
    partners.

     

    RESPONSIBILITIES AND QUALIFICATIONS

    JOB RESPONSIBILITIES

    • Independently function on overseeing ongoing Due Diligence process operationally.
    • Resolve operational issues that arise.
    • Liaise with servicer / portfolio manager regarding any other issues.
    • Manage remittance process.
    • Perform collateral document review, endorsement and assignment chain review.
    • Analyze property reports, vendor reports, custodian reports to identify assignment chain breaks or deficiencies.
    • Determine and carry out curative measures required on identified deficiencies through issue resolution.
    • Work closely with the Valuations Team and Default Servicing Team on acquisitions to identify property related issues discovered through property report reviews; determine resolutions/potential cures.
    • Report and track issues until resolved; issue final reports identifying risk/significant issues, resolutions,financial impact, etc.
    • Document and maintain quality notes and accurate summaries on all loan collateral reviews.
    • Maintain accurate reporting of exceptions and reconciling data to maintain data integrity.
    • Actively participate in system/technology related projects (e.g., assist IT/System Administration with design,
      analysis, testing, and implementation aspects of enhancements made to the Collateral Management System).
    • Support other departments with servicing related research (GS Whole Loan Reporting, Asset Management,
    • Repurchase Team, and Trade Desk Support).
    • Ensure departmental and corporate guidelines are followed, and objectives are achieved.
    • Communicate the firm’s goals and objectives.

     

    REQUIREMENTS:

    • Independent thinker who will be proactive, aggressive and professional in dealing with internal/external customers, third-party vendor partners, other departments, and senior managers .Knowledge of US mortgage collateral or custodial process is highly beneficial.
    • Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies.
    • Strong ability to organize, analyze and interpret legal and compliance materials.
    • Strong self-confidence, good judgment, and sound decision making and problem solving skills.
    • Ability to handle a high-stress, fast-paced environment, and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines.
    • Ability to work independently and multi-task.
    • Outstanding initiative and excellent communication/presentation skills (both verbal and written).
    • Possess strong organizational and detail-oriented skills.
    • Advanced proficiencies in MS Excel, Word and Outlook.

    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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.