Global Banking & Markets - Public - Dallas - Analyst / Associate - SF Trade Analytics

Goldman Sachs, Inc.; Dallas (TX); On-site; USD 70,000 - 100,000; Full time

Job summary

Goldman Sachs is seeking an Analyst/Associate for its Structured Finance Analytics team in Dallas. The role involves client advisory and analytics on various securitization transactions. Candidates should possess a Bachelor's degree in a relevant field and have strong analytical and technical skills. This position offers an opportunity to work in a fast-paced environment with significant professional growth potential.

Benefits

Professional development programs

Diversity and inclusion initiatives

Qualifications

• Bachelor's degree required; 0-3 years for Analyst, 3+ years for Associate.
• Experience in residential loans or fixed income preferred.
• Advanced Excel skills and technical skills like SQL and Python are a plus.

Responsibilities

• Perform analytics on securitization transactions and client advisory.
• Conduct portfolio collateral analysis and manage cross-functional relationships.
• Evaluate daily mark-to-market on MSR warehouse lines.

Skills

Analytical Skills

Excel

Data Validation

Portfolio Analysis

Technical Skills (CAS, SQL, Python)

Education

Bachelor's degree in Finance, Economics, Mathematics, or STEM

Tools

Excel VBA

Job description

Global Banking & Markets - Public - Dallas - Analyst / Associate - SF Trade Analytics

Global Banking & Markets - Public - Dallas - Analyst / Associate - SF Trade Analytics

Job Description

The Structured Finance Analytics team within the Global Banking & Markets division is seeking a motivated professional to support the Credit & Asset Finance business. The team has expertise across residential assets, consumer loans, real estate, and warehouse financing. The successful candidate will be responsible for the following:

Job Duties

1. Act as a client advisor and perform analytics on all principal and third-party securitization transactions, including but not limited to NPL, RPL, PJ, Agency, Non-QM, SFR, MSR, Investor Occupied, Second Lien, Fix and Flip, iBuyer, and Mortgage Insurance Linked Notes. Responsibilities include:

• Collaborate with clients and perform data tape creation from various sources such as settlement data, latest month-end servicer data, TPR due diligence data, and originator data.
• Perform data validations and create portfolio-level stratification and replines.
• Conduct portfolio collateral analysis.
• Provide pool-level CPR speeds, loss severity, and credit enhancement metrics from RA models (Fitch, KBRA, Moodys, Milan).
• Assist in preparing credit memos and PPM materials with outside accountants and lawyers.

Perform asset pool selection based on contribution requirements for ABS/CMBS securitization. Work with rating agencies and develop historical performance matrices (CPR, CDR, charge-offs, recoveries, losses) to project future performance.

Coordinate monthly final package tie-outs with accountants and agencies (Fannie/Freddie/Ginnie) for the CMO trading desk.

Evaluate daily mark-to-market on all MSR warehouse lines and provide recommendations on OAS spreads considering recent rate environment changes.

Manage cross-functional relationships with the desk, IBD, transaction management, diligence, operations, controllers, and technology teams to ensure accurate monthly portfolio reporting.

Basic Qualifications

• Bachelor's degree (U.S. or foreign equivalent)
• 0-3 years of experience in residential loans, fixed income, or related internships
• 3+ years of experience for the Associate role

Preferred Qualifications

• Undergraduate degree in Finance, Economics, Mathematics, or other STEM fields
• Experience in collateral analytics and RA runs on RMBS/CMBS deals, especially from Big Four accounting firms, is highly preferred.
• Advanced Excel skills, including functions like VLOOKUP, SUMPRODUCT, INDEX/MATCH, INDIRECT, etc.
• Technical skills such as CAS, Excel VBA, SQL; knowledge of Python is a strong plus.
• Ability to perform effectively in a fast-paced environment with tight deadlines.

About Goldman Sachs

At Goldman Sachs, we dedicate our people, capital, and ideas to help our clients, shareholders, and communities grow. Founded in 1869, we are a leading global investment banking, securities, and investment management firm, headquartered in New York with offices worldwide.

We value diversity and inclusion, offering opportunities for professional and personal growth through training, development programs, and various benefits. Learn more at GS.com/careers.

We are committed to providing reasonable accommodations for candidates with disabilities during our recruiting process. More information can be found here: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate based on race, color, religion, sex, national origin, age, veteran status, disability, or other protected characteristics.