- Job id
- 20059
- Location
- Salt Lake City
- Full/Part Time
- Full-time
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Job Summary & Responsibilities
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.Divisional Overview
The Credit Risk Management & Advisory (CRMA) department interacts with every division of Goldman Sachs. Leveraging its extensive expertise in financial, credit and risk analysis, CRMA provides astute and objective judgment to the firm and its clients. Since CRMA has been structured to work closely with almost every part of the firm, its professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Primary Responsibilities: Associate / Private Client Lender & Mortgage Approver
•Primary responsibility will be to approve private bank residential mortgage loans; Will also have some involvement approving private client loans secured by other collateral and unsecured loans
•Assign internal credit ratings for wholesale mortgage counterparties and private client loan counterparties in accordance with department methodologies. Approve annual reviews.
•Provide guidance to senior management and colleagues about counterparty credit worthiness, risks and mitigants
•Work closely with the business teams, operations, compliance and reporting team members to identify, mitigate, manage and report on credit risk as well as compliance, operational and reputational risk
•Participate in updating/developing new credit products, including corresponding policy, procedure, guidelines, and systems
•Manage third-party vendors that provide mortgage loan fulfillment services and post-closing quality control for the mortgage loan program
Basic Qualifications
• Bachelors degree• 4+ years of experience in a credit analysis/approver role with private client /high net worth lending, including experience with mortgage lending, security based lending, unsecured lending or lending against other collateral types
Preferred Qualifications
•Demonstrated experience analyzing credit requests, managing/mitigating credit risk and making credit decisions•Strong working knowledge of compliance regulations pertaining to private client and mortgage lending
•Past success in team environments
•Excellent oral and written communication skills
•Ability to learn quickly and work in a fast paced environment
•Control side mortgage experience (processing, underwriter, etc.) preferred but not required
•MBA, CFA, delegated mortgage approval authority preferred but not required
Goldman Sachs is an equal opportunity employer. © The Goldman Sachs Group, Inc., 2011. All rights reserved.
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