CWM, PWM, Private Bank Lending, Underwriter - Associate/Vice President - Dallas
Investment Banking, Sales & Trading, Investment Mgmt, Asset Mgmt, PE, VC role
Full Time Job
Private Lending Underwriting (PLU), based in Dallas, TX, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients. In this capacity, PLU assesses, underwrites, documents and monitors the credit risk incurred in loan transactions. The underwriting process includes a thorough analysis of the collateral securing the loan (if any), which may include assets such as marketable securities, private equity/hedge funds, commercial real estate, aircraft, fine art, hobby properties, private company stock, yachts, etc.
PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately documented. In addition, PLU participates in various business related projects, such as new product development and operational enhancements.
Private Lending is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. PLU employees are employees of Goldman Sachs Bank USA.
Evaluate the credit implications of transactions involving loans when the credit decision cannot rely exclusively on the value of the collateral
Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and the risk acceptance parameters of the Bank
Develop and maintain a thorough understanding of the product suite offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Product Lending Guides
Responsible for documenting the structure and analysis for credit approval and file documentation purposes
Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
Ensure that loan documentation is consistent with the approved terms for each transaction
Ensure that appropriate risk ratings are assigned to each loan transaction
Ensure compliance with all covenant and collateral monitoring procedures at all times
Interact with banking regulators on an as needed basis. Provide other support of GS Bank USAís loan portfolio as requested
Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams and GS Bank USA personnel
Minimum of three years' work experience in financial fields
Relevant work experience includes commercial banking and/or private banking underwriting or credit roles
MBA Preferred (for a more senior role)
Key skills include detailed knowledge of financial accounting, analysis and modeling
People/ project management skills
Strong oral and written communications skills
Flexible, personable, confident and self-motivated; team player
Strong multi-tasking and work organization skills
Strong computer skills, including Microsoft Office applications (Word, Excel, etc.) and Internet capabilities
Desire to be a part of a dynamic and growing business
Background in mortgage underwriting not relevant for this role?