Risk, Credit Risk - Dallas, Analyst

DIVISION AND JOB FUNCTIONS

Risk  aims to effectively identify, monitor, evaluate and manage the firm’s financial and operational risks - including reputational risk - in support of the firm’s strategic plan. Operating in a fast-changing environment and utilizing the best in class risk framework, Risk teams are analytically curious, have an aptitude for challenges and an unwavering commitment to excellence.

Credit Risk (CR) is a central part of Goldman Sachs' risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Salt Lake City, Dallas, Warsaw, Bengaluru, Hong Kong and Tokyo. Understanding the credit quality of corporations, financial institutions and governments worldwide is an essential aspect of the firm’s ability to be an effective financial intermediary. CR professionals with expertise in financial, credit and risk analysis work closely with many areas of the firm as well as clients, offering a unique opportunity to gain a broad perspective on the activities of the Firm. CR partners with other divisions in the firm and externally with clients to support the firm’s wide array of banking and trading businesses. CR professionals are part of the value proposition of the firm and balance our key functional responsibility of control with that of being commercial.CR has strong traditions of risk management, client service excellence and career development opportunities for our people.

Responsibilities:

• Assess the financial strength of counterparties by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from risk report and portfolio analysis
• Evaluate derivatives and financing transactions across Global Banking & Markets clients. Review and approve risk in a fast-paced environment while ensuring appropriate mitigants in place to minimize losses in event of counterparty default. Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
• Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits

Basic Qualifications:

• Bachelor's degree
• Excellent academic record
• 0-2 years of experience in a finance, markets, or risk role
• Knowledge of capital markets, including derivatives
• Demonstrable track record of achievement and independent decision making
• Strong communication skills (written and verbal)
• Excellent attention to detail and strong analytical skills
• Ability to work in a fast-paced environment 
• Ability to adapt quickly to a variety of industries and businesses
• Ability to self-direct, analyze and evaluate and form independent judgments
• Integrity, ethical standards and sound judgment
• Commercially savvy with ability to exercise discretion with respect to highly confidential/sensitive information
• Bachelor's degree in accounting, finance, or economics preferred

Competencies:

• Functional Expertise and Technical Skills - Knowledge of financial markets and portfolio risk management
• Teamwork - Strong team player, works well under pressure, and collaborates with others across teams and business units
• Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, and escalates 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 analyzes complex issues
• Creativity and Influence - Looks for new ways to improve current processes and develop creative solutions with practical value
• Continuous Development - Values constant self-improvement and learning

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.