Risk Credit Associate, Retail Industry Risk Credit Associate, Retail Industry …

The Goldman Sachs Group, Inc.
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
The Goldman Sachs Group, Inc.
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Risk Credit Associate, Retail Industry
Careers Center Risk, Retail Credit Review, Associate, Dallas in Dallas, Texas | Careers at 0001 012 C607 0000|Risk Division|Credit Risk Management|Credit Risk Management|Risk Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Returning Candidate?
  • Risk, Retail Credit Review, Associate, Dallas Location(s) US-TX-Dallas Job ID 2019-52747 Schedule Type Full Time Level Associate Function(s) Portfolio Management, Risk Management Region Americas Division Risk Business Unit Credit Risk Management Employment Type Employee
  • MORE ABOUT THIS JOB

    WHO WE ARE

    The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide 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, Salt Lake City, Dallas and other major financial centers around the world.

     

    We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.

     

    BUSINESS UNIT OVERVIEW

    Credit Review complements the Firm’s independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the loan and derivative portfolio. Credit Review also validates and tests Credit Risk’s ratings, processes and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risk’s processes.

    RESPONSIBILITIES AND QUALIFICATIONS

    BUSINESS UNIT OVERVIEW

    Credit Review complements the Firm’s independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the loan and derivative portfolio. Credit Review also validates and tests Credit Risk’s ratings, processes and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risk’s processes.

     

    THE ROLE

    We are currently seeking an outstanding candidate responsible for providing timely and effective review and challenge to retail credit portfolios, including but not limited to residential mortgages, consumer loans, credit cards, student loans, and open-ended revolving credit. The candidate will work alongside Retail Credit Review team members in performing independent risk assessments of the quality of risk management for retail credit exposure.

     

    RESPONSIBILITIES

    The Credit Review Associate will be part of a dynamic team responsible for providing objective assessments on the quality of retail credit risk management. The team’s specific responsibilities include ensuring that there is timely recognition of any potential weaknesses in the retail credit portfolio, monitoring adherence to policies and procedures, and challenging underwriting criteria.

     

    Additional responsibilities include:

    • Execute a risk-based annual Retail Credit Review plan and continuous monitoring program
    • Assess the level of credit risk and the quality of credit risk management practices
    • Identify potential credit risks, assess the impact of those risks, and recommend process changes related to Credit Risk activities
    • Lead credit reviews, prepare reports and conduct meetings with Credit Risk
    • Use tools and techniques, including sampling and transactional testing, to effectively identify and assess adherence to credit policies as well as risk trends
    • Conduct portfolio monitoring and segment analysis (e.g., product, vintage, score band, or delinquencies) through the use of data analysis tools such as SQL and Tableau
    • Ensure reviews and portfolio monitoring are completed within established timelines and in accordance with Credit Review policies
    • Produce quantitative analysis and qualitative commentaries for Credit Risk, Firm, and Bank management
    • Develop a continuous monitoring program for all retail/consumer segments including the use of key performance indicators to help identify emerging risks in the portfolio
    • Evaluate Credit Risk Policies to assess that the appropriate controls are in place to effectively manage credit risk and monitor adherence to approved policies
    • Participate in ad-hoc and special projects, as applicable

     

    SKILLS / EXPERIENCE

    • Bachelor’s degree and 5+ years of work experience in retail credit review, retail credit analysis, credit scoring and/or retail credit research
    • Extensive knowledge of consumer/retail products and portfolios including unsecured loans and credit cards
    • Experience with retail credit/loan review or internal audit processes
    • Knowledge of retail credit regulations and guidance
    • Functional background or relevant experience in finance and accounting
    • Knowledge of retail lending products and understanding of credit/loan documentation, with knowledge of wholesale lending and capital markets/traded products a plus
    • Strong Excel skills and experience using data analysis tools such as SQL, SAS, Python, Tableau (or similar)
    • Strong analytical, project management and communication skills; familiarity with coincident, lagged and vintage analyses; credit score distributions and portfolio segmentation analysis; credit loss forecasting; allowance for loan and lease losses and charge-off processes
    • Strong organizational skills and the ability to manage multiple assignments concurrently
    • Highly motivated with strong academic background
    • Ability to work independently within a team structure
    • Flexibility, ability to learn quickly

     

    COMPETENCIES

    • Functional Expertise- Ability to understand Goldman Sachs businesses and apply knowledge and critical thinking to the evaluation of credit risk management; keeps up-to-date with emerging business, economic, and market trends
    • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
    • Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
    • Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
    • Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions 
    • Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
    • Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.  Sees the big picture and effectively analyses complex issues
    • Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
    • Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions.  Takes a position on issues and influences others' opinions and presents persuasive recommendations


    YOUR CAREER

    Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.

     

    In order to help you navigate the organisation, you will be given a mentor from outside of your immediate department. This person will be positioned to provide you with objective advice and guidance on your career development.

     

    We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.

    ABOUT GOLDMAN SACHS

    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 individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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