The Goldman Sachs Group, Inc

Asset & Wealth Management-Dallas-Associate, Asset Servicing-10190615

The Goldman Sachs Group, Inc$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Economics, or related field with 1 year of relevant experience, or a Bachelor's degree with 3 years of relevant experience.
  • Experience in reviewing underwriting documentation and financial statements for asset servicing events.
  • Knowledge of credit agreements and covenant structures, including financial testing ratios.
  • Understanding of the full loan lifecycle and operational requirements of lending agreements.
  • Ability to identify and interpret financial risks related to credit worthiness.

Responsibilities

  • Manage voluntary and mandatory asset servicing events, ensuring accuracy and timeliness.
  • Oversee covenant and financial reporting requirements from both lender and borrower perspectives.
  • Conduct daily event management and issue resolution with a focus on process improvements.
  • Build and maintain relationships with internal stakeholders across various teams.
  • Engage with external clients and agents to manage asset servicing communications.
  • Mitigate information risks by ensuring compliant communication with stakeholders.
  • Collaborate with global Operations to streamline processes and enhance operational efficiencies.

Benefits

  • Comprehensive health and wellness programs.
  • Access to retirement savings plans and financial planning services.
  • Opportunities for career advancement and professional development.
  • Work-life balance initiatives and flexible work arrangements.
  • Employee assistance programs for personal and professional support.
Full Job Description
Job Description

Job Duties: Associate, Asset Servicing with Goldman Sachs Services LLC in Dallas, Texas. Demonstrate accurate and timely comprehension and management of voluntary and mandatory Asset Servicing events: Restructurings, Repricing's of Loans, Bankruptcies, etc. and their impact to Operations and the Business. Demonstrate accurate and timely comprehension and management of Covenant and Financial Reporting requirements in both Lender and Borrower capacities determined by legal documents of investment agreements. Conduct management of daily events, issue resolution, and process improvement initiatives by leveraging subject matter expertise and organizational skills. Build and manage relationships with various internal stakeholders in Operations, Credit Facility Management, Credit Risk, Deal Teams and other divisions as needed. Build and manage relationships with various external stakeholders such as external clients, Agents and Companies. Mitigate Material Non Public Information (MNPI) risk through maintaining accuracy in communications with the respective compliance teams and the Business. Work with global Operations business units to assess and streamline processes in order to mitigate risk or control issues and generate efficiencies. Identify and timely escalate open risk to team management on a daily basis.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Economics or a related field, and one (1) year of experience in job offered or a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Economics or a related field, and three (3) years of experience in job offered or a related role. Prior work experience must include one (1) year of experience (with a Master's degree) or three (3) years of experience (with a Bachelor's degree) with each of the following: reviewing underwriting documentation and financial statements to accurately interpret complex asset servicing events and understand their impact to operational teams across various business sleeves such as urban development investments, direct lending investments, or real estate investments; reviewing and interpreting credit agreements, identifying and capturing covenant structure on a loan such as quarterly and annual financial statements, compliance certificates, and financial testing ratios (DSCR, interest coverage, leverage ratio, etc.) to accurately build delivery schedules in the operations system and monitor the ongoing financial performance of investments; full loan lifecycle and the associated end-to-end operational requirements of lending agreements through maturity, and any amendments to the agreements; identifying financial risks, interpreting the impact of asset servicing events to credit worthiness, and understanding of Loan Review Committee or amendment approval processes; and collaboration with internal and external stakeholders to identify process improvement opportunities that enhance efficiency and strengthen operational controls.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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