Risk, Counterparty Credit Risk – Financial Institutions / Distressed Credit Management, Senior [...]

Our Risk division develops and manages comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments, and technology is critical for success.

CREDIT RISK

Credit Risk is responsible for managing the firm's credit exposure to its trading and lending counterparties. Credit professionals protect the Firm’s capital by leveraging expertise in financial analysis of clients, markets, and products to make risk decisions. Credit Risk offers a unique opportunity to develop professional skills in risk management through work on financial transactions and gaining a broad perspective on the Firm's operations. The role involves interaction with various departments and projects, providing a challenging and multi-dimensional work environment. This position is ideal for collaborative individuals who are curious, ethical, and detail-oriented.

Job Description

We are seeking a Senior Analyst / Associate for the Credit Risk Financial Institution and Workout & Restructuring teams within Global Banking & Markets. The teams’ activities include managing risk of a portfolio of clients in the EMEA Financial Institutions industry and handling distressed and defaulted credit positions to maximize recoveries.

Responsibilities

1. Assess the credit and financial strength of the firm's Financial Institution and CCP counterparts through fundamental credit analysis.
2. Review and approve derivative and lending transactions, ensuring proper documentation and risk mitigation to prevent defaults and minimize losses.
3. Monitor credit trends of financial market participants and advise management proactively.
4. Support GS Bank Europe’s counterparty credit risk governance framework.
5. Oversee the performance of Watch List counterparties, including compliance with terms, covenants, and repayment schedules.
6. Coordinate activities related to fire drills, workout case reviews, and escalations to senior management.
7. Enhance policies and procedures related to early warnings, closeout, and default management.
8. Develop expertise in bankruptcy and distressed credit management, participate in workout strategies and approval discussions.
9. Interact with auditors and regulators during supervision processes concerning counterparty credit risk.

Skills and Experience Required

• At least 3 years of relevant experience in Financial Institutions, counterparty credit risk management, fixed income research, or credit analysis.
• Strong understanding of financial institutions such as banks, CCPs, broker-dealers, finance companies, or insurers.
• Knowledge of derivatives, funding, lending products, and related documentation (e.g., ISDA / CSA, MRA, credit agreements).
• Familiarity with regulatory requirements and practices in counterparty credit risk and distressed credit risk management.

Functional Expertise

• Strong technical skills, attention to detail, initiative, and analytical ability.
• Ability to handle multiple tasks, improve performance, and work towards challenging goals.
• Ability to build trusting relationships with clients, understand needs, and manage expectations.
• Strong teamwork, collaboration, and communication skills.
• Good judgment, problem-solving, and the ability to analyze complex issues.
• Creativity and innovation in process improvement and solution development.
• Ability to influence outcomes and present persuasive recommendations.

About Goldman Sachs: We are a leading global investment banking, securities, and investment management firm committed to diversity and inclusion. We offer various professional growth opportunities, benefits, wellness, and personal finance programs.

We are committed to providing reasonable accommodations for candidates with disabilities during our recruitment process.

Location: Frankfurt, Hessen, Germany