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

Responsibilities

Job Duties:

Associate, Credit Risk with Goldman Sachs & Co. LLC in Salt Lake City, Utah. Responsible for approving transactions, setting credit exposure limits, monitoring adherence to those limits, measuring credit exposure and losses from counter party default. Manage risk levels through the analysis of the business and financial profile of the firm's trading counter parties, including independent review and ongoing monitoring of the quality of the loan and derivative portfolio and testing/validating Credit Risk’s ratings, processes and methodologies.

Conduct in-depth analyses related to causes and effects of credit events and conduct sector and/or regional (i.e. country) based concentration analyses. Assess the credit and financial strength of the firm's Financial Institution counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors. Determine and manage the firm's credit risk appetite across derivatives, loans, funding and deposits for a portfolio of Financial Institution counterparts.

Approve derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses.

Job Requirements:

Master’s degree (U.S. or foreign equivalent) in Finance, Accounting, 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, Accounting, 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: assessing the credit and financial strength of the financial institution’s counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors;

determine and manage the Firm’s credit risk appetite across; performing credit underwriting of lending transactions, contributing to credit recommendations, and supporting the capital approval process; determine and manage the firm's credit risk appetite across derivatives, loans, funding and deposits for a portfolio of Financial Institution counterparts; presenting findings and recommendations to senior management and answer questions relating to credit analysis performed;

and monitoring industry subsectors based on market indicators, regulatory guidance, rating agency commentary, and counter party surveillance and reporting information and its impact to senior management.