The Goldman Sachs Group, Inc

Global Banking & Markets -Dallas- Associate, Loan Management & Due Diligence - 10281019

The Goldman Sachs Group, Inc$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Quantitative Finance or related field with 1 year experience, or Bachelor's degree with 3 years experience.
  • Experience with mortgage cashflow models and providing feedback to enhance model accuracy.
  • Ability to build and maintain cash flow and default models for residential mortgage portfolios.
  • Experience with interest rate risk exposure management for mortgage portfolios.
  • Proficiency in SQL for data analysis and experience with Python or R for automation.

Responsibilities

  • Support trading desk with analysis of non-performing and re-performing loan bids.
  • Normalize and input loan-level data into internal databases.
  • Analyze loan pools and recommend modeling assumptions.
  • Monitor portfolio changes and report on key performance drivers.
  • Produce detailed monthly reports on P&L, cash flows, and collateral performance.
  • Collaborate with internal teams to ensure data quality and validate modeling assumptions.
  • Engage with external servicers to track performance and understand collateral characteristics.

Benefits

  • Opportunity to work in a leading financial institution.
  • Collaborative environment with cross-functional teams.
  • Access to advanced analytical tools and technologies.
  • Exposure to diverse financial products and markets.
  • Potential for professional development and career growth.
Full Job Description
Job Description

Job Duties: Associate, Loan Management & Due Diligence with Goldman Sachs & Co. LLC in Dallas, Texas. Support the trading desk through all stages of potential non-performing, re-performing, and new origination/forward flow bids (NPL/RPL/New Origination), including evaluating pool and bid data, normalizing and loading loan-level data into internal databases, analyzing and stratifying pools, determining appropriate modeling assumptions, running analytics, and producing bid packets and investment committee memoranda.Monitor month-over-month portfolio changes and identify the key drivers behind them across all residential mortgage whole-loan and warehouse positions in collaboration with the trading desk on the monthly marking of these positions.Produce detailed monthly reports on Profit and Loss (P&L), returns, cash flows, and collateral performance across multiple loan portfolios.Deliver qualitative and quantitative analysis on the key drivers of portfolio performance and recommend actionable strategies to asset managers and the trading desk.Collaborate with transaction managers and due-diligence teams to ensure all post-bid activity data related to the final settlement of awarded bids are accurately reflected in internal systems.Work closely with internal teams, including Data Management, Operations, Technology, Controllers, Risk, and Modeling, to ensure data quality, accurate cash processing, and validated modeling assumptions. Engage with external portfolio servicers and managers to understand their business plans, track actual performance against projections, and develop a nuanced understanding of collateral characteristics across geographies.Conduct periodic model back-testing on the existing portfolio and recommend modeling-assumption adjustments to the trading desk.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Quantitative Finance, Finance, Accounting, Economics, Business Analytics, or 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 Quantitative Finance, Finance, Accounting, Economics, Business Analytics, or related field and three (3) years of experience in job offered or a related role. Prior employment must include one (1) year of experience (with a Master's) OR three (3) years of experience (with a Bachelor's) with: executing mortgage cashflow models and explaining drivers of different mortgage valuations and providing feedback to modeling team to enhance the accuracy and predictability of the model; building and maintaining cash flow, prepayment, default, and loss-severity models for residential mortgage whole-loan portfolios, including periodic back-testing of model outputs against actual collateral performance and recommending assumption adjustment; monitoring interest rate risk exposure to the mortgage portfolio and allocating hedge P&L on loan level, based on different loan characteristics; reconciling post-bid settlement data by collaborating with transaction managers, due-diligence teams, and internal systems, including trade capture, loan accounting, and data management platforms, to ensure accuracy; working with Structured Query Language (SQL) to access and analyze large amounts of data; programming languages, including Python or R, to automate different processes and create reports; and communicating portfolio analysis results and strategic recommendations to clients and internal stakeholders through presentations and reports.

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.

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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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