Risk, Credit Risk - Natural Resources, Vice President, London
Goldman Sachs
Application
Details
Posted: 19-Jun-24
Location: London, United Kingdom
Type: Full-time
Salary: Open
Internal Number: 20829535
RISK
The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and capital risk. 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 MANAGEMENT
Credit Risk Management CRM) is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CRM is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Singapore, Hong Kong and Tokyo.
As a member of CRM you will interface with a variety of divisions around the firm (Legal, Compliance, Operations, etc.) as well as the other regional CRM offices. The interaction with numerous departments and the diverse projects that ensue allow for a challenging, varied and multi-dimensional work environment. We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CRM professionals are part of the value proposition of the firm and we balance our key functional responsibility of control with that of being commercial. CRM has strong traditions of risk management, client service excellence and career development opportunities for our people.
RESPONSIBILITIES
Assess the credit and financial strength of the firm's borrowers and counterparts by performing fundamental credit analysis using both quantitative and qualitative factor
Review lending and derivative underwriting transactions, determine risk appetite and regulatory ratings, having developed an independent view of cash flow projections and of key documentation protection
Perform sector analysis regularly in order to assess portfolio concentrations or trends.
Coordinate with Investment Banking/Financing group, Sales & Trading, Legal, Operations and Compliance departments to approve derivatives business and ensure appropriate documentation, limits and risk mitigants to protect against a counterpart default and minimize potential losses
Analyse the risks inherent in the products GS transacts, including lending, trading and derivative products
Develop and manage relationships with other areas of the firm, including Global Banking & Markets, Asset and Wealth Management, Controllers, Treasury, Legal, Compliance and Technology
SKILLS & EXPERIENCE REQUIRED
Minimum of 5 years of credit risk management experience, with a background in Natural Resources / Commodities focused credit risk
Significant experience in investment banking and trading products including loan products and derivatives
Proven track record of independent decision making and the ability to steer client and business negotiations
Strong familiarity with regulatory rating requirements and application of such guidance
Strong documentation (loan and derivatives), analytical, presentational and communication skills required
Must be able to lead and motivate engaged and diverse deal team, providing guidance to and supervision of junior members of the team
Must be able to communicate at the most senior levels
COMPETENCIES
Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate
Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value