Risk, Credit Risk – Corporates, Associate United Kingdom · Associate

Risk, Credit Risk – Corporates, Associate, London  London, Greater London, England, United Kingdom

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.

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 regulatory requirements and risks associated with lending and derivatives transactions.

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.

• Assist in assessing the credit and financial strength of the firm's corporate borrowers and counter parties by performing fundamental credit analysis using both quantitative and qualitative factors.
• Support the review of lending and underwriting transactions (such as LBO, M&A, and relationship lending), 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 counter party 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.

• 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.
• 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, with the confidence to present transaction analyses and credit recommendations to senior management.
• Proficiency in MS Excel (including financial modelling, cash flow forecasting, and sensitivity analysis).
• Fluency in English (written and spoken); professional proficiency or fluency in German is a plus for managing local EMEA relationships.
• Progress toward or interest in pursuing professional certifications such as the CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) is an advantage.

• 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…