AWM, Private Bank, Underwriter, Associate - Dallas

Goldman Sachs Group, Inc.; Dallas (TX); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic Associate for its Private Bank in Dallas. In this client-facing role, you'll leverage your analytical skills to evaluate risk and develop tailored financial solutions. You'll collaborate closely with the Regional Lending Team to ensure compliance and maintain high standards in underwriting processes. This position promises a challenging yet rewarding environment where your contributions will directly impact clients' financial success. Join a firm that values diversity and inclusion, and be part of a team that is committed to excellence in wealth management.

Qualifications

• 3+ years of experience in financial roles or 8+ years for VP level.
• Strong analytical skills and detailed knowledge of financial accounting.

Responsibilities

• Evaluate risk and economic implications of transactions.
• Document loan structure and ensure compliance with standards.
• Foster communication with various teams and clients.

Skills

Financial Accounting

Financial Analysis

Financial Modeling

Communication Skills

Project Management

Multi-tasking

Team Player

Education

Bachelor's Degree

MBA

CPA or CFA

Job description

AWM, Private Bank, Underwriter, Associate - Dallas

Job Description

Wealth Management

Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client's wealth management goals. Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lenders and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards. All team members are employees of Goldman Sachs Bank, USA.

Private Lending Underwriting (PLU), based in Dallas, TX, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients. In this capacity, PLU assesses, underwrites, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process includes a thorough analysis of the borrower's financial condition, assessment of any collateral securing the loan, identification of risks and mitigants, among other items. Types of loans underwritten include commercial real estate, GS and third-party private equity/hedge funds (including co-invest facilities), aircraft, fine art, hobby properties, private company stock, yachts, marketable securities, etc.

PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. In addition, PLU participates in various business-related initiatives, such as new product development and systems/operational enhancements.

This is a client-facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service. Start date would be in 2025.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Evaluate all risk and economic implications of transactions, using strong analytical and technical skills.
• Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank.
• Develop and maintain a thorough understanding of the product suite offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Product Lending Guides.
• Document the loan structure and analysis for credit approval and file documentation purposes.
• Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction.
• Confirm compliance with all covenant and collateral monitoring procedures.
• Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner.
• Interact with banking regulators on an as-needed basis. Provide other support of GS Bank USA's loan portfolio as requested.
• Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and GS Bank USA personnel.

SKILLS & EXPERIENCE WE'RE LOOKING FOR

• A Bachelor's degree (MBA preferred for a more senior role).
• CPA or CFA a plus.
• 3+ years of work experience (Associate) in a financial field (mortgage or insurance underwriting is not relevant for this role) or 8+ years of work experience (Vice President).
• Relevant work experience in commercial banking and/or private banking underwriting or credit roles.
• Key skills include detailed knowledge of financial accounting, analysis, and modeling.
• Excellent communication skills, both oral and written.
• Strong project management, multi-tasking, and work organization skills.
• Flexible, personable, confident, and self-motivated while focusing on being a team player.
• Desire to be part of a dynamic and growing business.
• No licensing required for this role.

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.

Job Info

• Job Identification 135625
• Job Category Associate
• Posting Date 04/14/2025, 06:45 PM
• Locations Dallas, Texas, United States