Global Banking & Markets, Public, PB Risk & Underwriting, Vice President - New York

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 150,000 - 300,000; Full time

Job summary

An established global investment banking firm seeks a VP for its New York team, focusing on bespoke solutions in risk and underwriting. This role involves collaborating across functions to manage complex transactions, leading risk underwriting, and developing innovative client solutions. With a diverse book of business and global exposure, you will contribute to the firm's success by leveraging your expertise in capital markets and strong interpersonal skills. Join a team that values diversity, inclusion, and professional growth, while making a significant impact in the financial industry.

Qualifications

• 7+ years of experience in capital markets, investment banking, or corporate finance.
• Strong technical and quantitative capabilities required.
• Ability to manage complex transactions and lead projects.

Responsibilities

• Collaborate with sales and trading to identify potential transactions.
• Manage bespoke transaction execution and due diligence.
• Prepare marketing materials for internal and external stakeholders.

Skills

Organizational Skills

Interpersonal Skills

Communication Skills

Technical Capabilities

Quantitative Skills

Project Management

Education

Bachelor's Degree

Master's Degree

Job description

Job Summary & Responsibilities

PB Risk and Underwriting is looking for a VP to join our NY team focused on bespoke solutions (PB+). PB Risk and Underwriting provides services including financing, securities lending, execution and clearing, custody and settlement, capital introduction, consulting services to hedge funds, institutional clients, market makers, brokers. The Risk team is responsible for end of day and intraday risk management of client portfolios. The Risk team maintains proprietary stress methodologies that govern the margin posted by clients or setting risk limits at overall Beneficiary level. Risk team also runs several risk control processes for timely identification and escalation of client portfolios flagging for specific risks and prepares regular updates for senior management. For centrally cleared products (listed and OTC), the Risk team also reviews exchange margin methodologies on a regular basis and regularly engages with Exchanges, regulatory bodies and industry associations in advocacy efforts to ensure exchange models are robust.

Our PB+ team leads the development of new client solutions and facilitates bespoke client transactions by leveraging our institutional capabilities, and making connections across various products, asset classes, and client segments. With reach across all prime brokerage's business lines, we work directly with clients, sales and trading to structure and underwrite financing transactions and financial products to meet the needs of our clients.

In turn, members of our team develop a diverse book of business across multiple product lines, with broad exposure to the firm's global client base. The team works on transactions globally, alongside colleagues in our major offices in the US, EMEA and Asia.

Responsibilities

• Work closely with members of the team across functions


• Collaborate with, and build strong partnerships, across sales, trading and our clients franchise to identify potential transactions


• Manage bespoke & complex transaction execution, including leading risk underwriting, trade negotiation and coordination


• Coordinate due diligence workstreams, including interactions across internal GS teams, external counsel, and other third parties, to ensure transaction approval and support


• Prepare marketing materials and present various structures to internal and external stakeholders


• Conduct ongoing monitoring of trades and control processes for timely identification and escalation post-execution


• Contribute to product development and improving scalability of bespoke offerings

Basic Qualifications

• 7+ years of relevant work experience in capital markets, investment banking, credit investing/underwriting, corporate finance or consulting


• Highly motivated, entrepreneurial, and team-oriented. Passion for solving large scale problems


• Strong combination of organizational and interpersonal / communication skills


• Strong technical and quantitative capabilities required


• Ability to multi-task across various projects and perform each at a high level


• Ability to lead long-term, complex projects


• Ability to work effectively with people and strong attention to detail

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

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

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.

Salary Range

The expected base salary for this New York, New York, United States-based position is $150000-$300000. 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.