AWM, Private Bank, Capital Call Lending, Vice President, NYCWealth ManagementAcross Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealthmanagement businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees.Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client's wealth management goals. Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management.Capital Call Financing (CCF)The Private Lending Capital Call Financing team provides fund-level financing in the form of capital call / subscription facilities collateralized by the uncalled capital of a fund's limited partners. These facilities enhance fund returns, accelerate access to capital, reduce capital call frequency, and bridge to asset-secured leverage.HOW YOU WILL FULFILL YOUR POTENTIAL
- Responsible for sourcing business and managing client relationships
- Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
- Advise and develop credit solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
- Develop and maintain a thorough understanding of the CCF product offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Lending Guide
- Diligence private equity fund and sponsor track records, financials, LPs, PPMs, and LPAs across various strategies (e.g., buyout, real estate, infrastructure, etc.)
- Build and maintain borrowing base certificates and credit / financial models
- Evaluate the credit implications of complex structured loans
- Document the loan structure and analysis for credit approval and file documentation purposes
- Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
- Confirm compliance with all covenant and collateral monitoring procedures
- Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
- Interact with banking regulators on an as needed basis. Provide other support of GS Bank USA's loan portfolio as requested
- Foster strong communication with clients, Credit Risk Management, PWM teams, and GS Bank USA personnelSKILLS & EXPERIENCE WE'RE LOOKING FOR
- CPA or CFA a plus
- 8+ years of relevant work experience (underwriting, lending, commercial banking, private banking, investment banking, investor relations, private equity, and/or credit roles) and a strong understanding of fund finance
- Detailed knowledge of financial accounting, analysis, and modeling
- Strong project management, multi-tasking, and work organization skills
- Flexible, personable, confident, and self-motivated while focusing on being a team player
- Desire to be part of a dynamic and growing businessREQUIRED LICENSING
- Series 7, 63 and SIE, or must be obtained within 4 months of joiningSalary RangeThe expected base salary for this New York, New York, United States-based position is $115000-$270000.BenefitsGoldman 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.ABOUT GOLDMAN SACHSAt 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. #J-18808-Ljbffr