Job Duties: Associate with Goldman Sachs & Co. LLC in New York, New York. Responsible for pricing, underwriting, structuring and risk managing bespoke equity-linked financing transactions. Own and monitor deliverables and be responsible for all phases of trading desks financing transactions. Ensure the loan portfolio is actively risk managed and in-line with expectations, including trade bookings, pre-trade risk modeling, and post-trade risk and covenant monitoring. Drive the development of the lending platform to enhance product offerings and risk management efficiencies. Work with client facing sales teams to provide margin loans and financing solutions for various Goldman Sachs clients. Work with other various internal constituents including credit risk, legal, regulatory capital, operations, research, treasury and lending committees through the underwriting, execution and post-trade processes. Complete transaction risk memos, perform company valuation analysis, and review transaction documents. Support the business in broad ad-hoc deliverables.
Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Financial Engineering, Mathematics, Computer and Information Technology, Computing, Data Science, or related quantitative field and one (1) year of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Financial Engineering, Mathematics, Computer and Information Technology, Computing, Data Science, or related quantitative field and three (3) years of experience in the job offered or in a related role. Prior experience must include one (1) year (with a Master's) or three (3) years (with a Bachelor's) in the following: working on margin lending and asset-based financing, including in public equity margin loans, hedge fund financing, and private equity financing; deal execution, including contract negotiation with clients, pricing of risk and market terms, liaising with legal teams and market or credit risk functions, and coordinating with operations teams to execute and fund credit facilities; working on derivative products, trade booking platforms, and trade flows, including the monitoring of inherent legal, credit and market risks associated with the products; experience in equity, currency and interest rate hedging processes, including the mitigation of market risk associated with an equity financing portfolio; conducting analysis and reporting on the hedge fund and private equity markets, including the outlook and depth of market, regulatory requirements, and method of sale and transfer for such assets; performing financial analysis and financial modelling, including the valuation of private equity assets based on key financial metrics and liquidity profiles; maintaining funding and book liquidity, as well as reviewing trade structure and loan documentation, based on capital and bank funding requirements, including the Basel III framework and other bank regulatory requirements; and programming and coding using Python, Java, VBScript, and VBA, in order to create tools used for market analysis and database interfacing. Licenses required: FINRA Series 7, Series 63, Series 57 and Securities Industry Essentials (SIE).
Salary Range: The expected annual base salary for this New York, New York, United States-based position is $184,000 - $225,000. 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: https://www.goldmansachs.com/careers/discover/benefits-summary-US.pdf
