Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • Dallas

Description

MORE ABOUT THIS JOB
WHO WE ARE


The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Salt Lake City, Dallas and other major financial centers around the world.


 


We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.


 


BUSINESS UNIT OVERVIEW


Credit Review complements the Firm’s independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the loan and derivative portfolio. Credit Review also validates and tests Credit Risk’s ratings, processes and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risk’s processes.


RESPONSIBILITIES AND QUALIFICATIONS
BUSINESS UNIT OVERVIEW


Credit Review complements the Firm’s independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the loan and derivative portfolio. Credit Review also validates and tests Credit Risk’s ratings, processes and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risk’s processes.


 


THE ROLE


We are currently seeking an outstanding candidate responsible for providing timely and effective review and challenge to retail credit portfolios, including but not limited to residential mortgages, consumer loans, credit cards, student loans, and open-ended revolving credit. The candidate will work alongside Retail Credit Review team members in performing independent risk assessments of the quality of risk management for retail credit exposure.


 


RESPONSIBILITIES


The Credit Review Associate will be part of a dynamic team responsible for providing objective assessments on the quality of retail credit risk management. The team’s specific responsibilities include ensuring that there is timely recognition of any potential weaknesses in the retail credit portfolio, monitoring adherence to policies and procedures, and challenging underwriting criteria.


 


Additional responsibilities include:


- Execute a risk-based annual Retail Credit Review plan and continuous monitoring program

- Assess the level of credit risk and the quality of credit risk management practices

- Identify potential credit risks, assess the impact of those risks, and recommend process changes related to Credit Risk activities

- Lead credit reviews, prepare reports and conduct meetings with Credit Risk

- Use tools and techniques, including sampling and transactional testing, to effectively identify and assess adherence to credit policies as well as risk trends

- Conduct portfolio monitoring and segment analysis (e.g., product, vintage, score band, or delinquencies) through the use of data analysis tools such as SQL and Tableau

- Ensure reviews and portfolio monitoring are completed within established timelines and in accordance with Credit Review policies

- Produce quantitative analysis and qualitative commentaries for Credit Risk, Firm, and Bank management

- Develop a continuous monitoring program for all retail/consumer segments including the use of key performance indicators to help identify emerging risks in the portfolio

- Evaluate Credit Risk Policies to assess that the appropriate controls are in place to effectively manage credit risk and monitor adherence to approved policies

- Participate in ad-hoc and special projects, as applicable


 


SKILLS / EXPERIENCE


- Bachelor’s degree and 5+ years of work experience in retail credit review, retail credit analysis, credit scoring and/or retail credit research

- Extensive knowledge of consumer/retail products and portfolios including unsecured loans and credit cards

- Experience with retail credit/loan review or internal audit processes

- Knowledge of retail credit regulations and guidance

- Functional background or relevant experience in finance and accounting

- Knowledge of retail lending products and understanding of credit/loan documentation, with knowledge of wholesale lending and capital markets/traded products a plus

- Strong Excel skills and experience using data analysis tools such as SQL, SAS, Python, Tableau (or similar)

- Strong analytical, project management and communication skills; familiarity with coincident, lagged and vintage analyses; credit score distributions and portfolio segmentation analysis; credit l