Trading

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

Benefits offered by this job

Health insurance

Generous vacation policies

Wellness programs

Childcare support

Financial wellness programs

Job summary

A leading global investment firm is seeking a Vice President for the Capital Solutions Group in New York. This role involves managing client relationships, conducting due diligence on financing opportunities, and structuring securitizations. Candidates should have 8-10+ years of experience in Residential Mortgage-Backed Securities and strong financial modeling skills. The expected salary range is $125,000 to $250,000, with additional benefits and a discretionary bonus.

Qualifications

• 8-10+ years of non-agency Residential Mortgage-Backed Securities experience.
• Ability to communicate and work under tight timeframes with external clients and internal teams.

Responsibilities

• Engage with clients and manage stakeholder relationships.
• Conduct due diligence and analytical risk-based modeling.
• Structure non-agency securitizations and prepare documentation.
• Collaborate with internal teams and develop financial models.

Skills

Structured products experience

Fixed income markets knowledge

Financial modeling skills

Experience using Intex and Bloomberg

Ability to work under tight deadlines

Proactive team player

Education

Bachelor’s degree

Tools

Intex

Bloomberg

Job description

Global Banking & Markets – Capital Solutions Group - Residential Structured Finance - Vice President- New York location_on New York, New York, United States

Opportunity Overview sitemap_outline CORPORATE TITLE Vice President language OFFICE LOCATION(S) New York assignment JOB FUNCTION Trading account_balance DIVISION Global Banking & Markets monetization_on SALARY RANGE USD 125,000 - 250,000

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 a broad spectrum of products / asset classes, including non-performing and re-performing loans, prime jumbo, non-qualified mortgages, investor and residential transition loans, single family rental, manufactured housing, seconds, HELOCs, mortgage servicing rights, and land. The role will involve the sourcing, structuring, and marketing of securitizations which are either broadly marketed and sold to institutional investors or privately placed, warehouse and term financings, principal transactions, and advisory assignments (including involvement with asset portfolio sales, corporate restructurings / M&A, risk transfer transactions, etc). We collaborate with colleagues across Sales, Trading, Investment Banking and other parts of the firm to prosecute these opportunities.

Scope of Role:

• Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships. The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking
• Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks. Review and negotiate underlying deal documentation and conduct transaction structuring
• Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions
• Documentation - Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete
• 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
  • 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.

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.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.