Global Banking & Markets - Capital Solutions Group - Residential Structured Finance - Origination Focused - Vice President

The Goldman Sachs Group; New York (NY); On-site; USD 125,000 - 250,000; Full time

Job summary

Goldman Sachs in New York seeks a Vice President in Residential Structured Finance to source, structure, and market securitizations and related financing solutions. You will engage clients, negotiate terms, and lead transaction execution across mortgage-backed securities.

The role requires eight to ten years of non-agency residential MBS experience, strong modeling skills, and proficiency with Intex and Bloomberg.

Qualifications

• Structured products experience in fixed income markets.
• Strong financial modeling skills for deal structures and cash flows.
• Proficiency with Intex and Bloomberg.
• Experience evaluating non-agency MBS and mortgage credit risk.
• Ability to communicate and work under tight timeframes with external clients and internal teams.
• Enthusiastic, proactive team player.

Responsibilities

• Structure and execute mortgage finance transactions, including negotiation of terms and review of deal documentation.
• Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing client relationships.
• Perform due diligence on transactions including market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks.
• Product development - Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges
• Model and research development - Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue
• Communication - Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details. We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events

Skills

Structured products experience

Financial modeling

Intex

Bloomberg

Nonagency MBS experience

Communication

Team player

Education

Bachelor's degree

Job description

The Capital Solutions Group at Goldman Sachs brings together our financing, origination, structuring, distribution, and risk management capabilities across public and private markets. The depth and breadth of our relationships, enriched by the velocity of our deal flow, provide clients unique insights to maximize value and unlock opportunity. Our integrated structure is built to provide comprehensive, tailored solutions for both issuing and investing clients.

The Residential Structured Finance business focuses on originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling. The business operates across the broad spectrum of products / asset classes within housing and mortgage finance. The role will involve the sourcing, structuring, and marketing of securitizations, warehouse and term financings, principal transactions, and advisory assignments.

Scope of Role:

• Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing client relationships.
• Structure and execute mortgage finance transactions, including negotiation of terms and the review of deal documentation
• Perform due diligence on transactions including market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks.
• Product development - Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges
• Model and research development - Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue
• Communication - Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details. We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events

Minimum education and experience required:

Vice President: Bachelor's degree plus 8-10+ years of non-agency Residential Mortgage-Backed Securities experience or related experience

Qualifications / Skills required:

• Structured products experience and demonstrated knowledge of fixed income markets
• Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
• Experience using Intex and Bloomberg.
• Experience evaluating non-agency mortgage-backed securities and mortgage credit risk
• Ability to communicate and work under tight timeframes with external clients and internal teams
• Enthusiastic, proactive team player that will drive transactions and projects

Salary Range

The expected base salary for this New York, New York, United States-based position is $125000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.