Risk Division- Salt Lake - Associate, Credit Risk - Salt Lake Associate

Job Duties:

Associate, Credit Risk with Goldman Sachs & Co. LLC in Salt Lake City, Utah. Assess and manage the risk of loss resulting from the failure of a counter party to meet its contractual obligations across the firm’s trading and credit businesses. Responsible for approving transactions, setting credit exposure limits, monitoring adherence to those limits, measuring credit exposure and losses from counter party default.

Conduct in-depth analyses related to causes and effects of credit events and conduct sector and/or regional (i.e. country) based concentration analyses. Recommend and defend internal and regulatory risk ratings for counterparts/transactions as required. Perform counter party research reviews and analysis of corporate counterparts. Present findings and recommendations to senior management and answer questions relating to analysis performed. Proactively monitor and assess counterparts and industry subsectors including based on market indicators, regulatory guidance, rating agency commentary and counter party surveillance and report relevant information and its impact to senior management in a timely manner.

Master’s degree (U.S. or foreign equivalent) in Finance, Computational Finance and Risk Management, Economics, or a related field and one (1) year of experience in job offered or a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Computational Finance and Risk Management, Economics, or a related field and three (3) years of experience in job offered or a related role.

Prior experience must include one (1) year with Master’s degree or three (3) years with Bachelor’s degree with the following: applying accounting methods (both Generally Accepted Accounting Principle and International Financial Reporting Standards) to analyze financial reports and explain performance variances; preparing reports on capital calls and financing portfolios as well as presenting findings in terms of credit exposures and lending counter parties to senior management;

analyzing credit documents such as underwriting memoranda and loan/derivative documentation; experience with credit regulatory processes such as the Shared National Credit or Allowance for Loan and Lease Losses; working with derivatives, loans and other products that give rise to credit risk to institutional counter parties; using credit bureau data and other alternate data sources; building financial models in Excel using advanced functionality, including macros, pivot tables, v-lookup, slicers, and h-lookup and Microsoft PowerPoint, to produce and present analytical insights and highlight data trends;

and utilizing Business Intelligence Software solutions, including Tableau, to provide actionable insights for Business decisions.

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the‑art on‑site health centers in certain offices.

To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).

We offer on‑site child‑care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.