The Goldman Sachs Group, Inc

Global Banking & Markets Operations - Loan Management, Letters of Credit, Associate, Dallas/New York

The Goldman Sachs Group, Inc$80K — $135K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree with over 3 years in financial services.
  • In-depth knowledge of ISP98 and UCP 600.
  • Ability to thrive in a fast-paced, dynamic environment.
  • Excellent client service and communication skills.
  • Strong organizational and analytical skills with attention to detail.
  • Proficient in Microsoft Office, particularly Excel and PowerPoint.

Responsibilities

  • Review Credit Agreements and structuring obligations as issuing bank.
  • Examine Letter of Credit drafts prior to client distribution.
  • Review counter-Standby Letter of Credit drafts for correspondent banks.
  • Manage communications with internal desks throughout the review process.
  • Monitor daily reports for necessary actions.
  • Oversee Letter of Credit issuances processed by the team.
  • Suggest process improvements and enhancements.

Benefits

  • Valuable and competitive benefits package.
  • Wellness offerings to support employee health.
  • Strong employee experience initiatives.
Full Job Description
Job Description

Investment Banking Operations is a dynamic, multi-faceted business that partners with all parts of the firm to facilitate banking & financing capabilities to clients around the world. In addition, IB Operations provide essential risk management and control to preserve and enhance the firm's assets and its reputation. IB Agency is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. IB Agency is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business. The Letters of Credit servicing team within IB Agency is responsible for the trade finance functions as Standby Letter of Credit Issuer.

YOUR IMPACT

The Letters of Credit servicing team is seeking a standby letter of credit professional who can effectively collaborate with multiple business desks, internal and external legal counsels, as well as applicants and beneficiaries to manage all stages of the transaction, and to mitigate risks associated with the letter of credit product offering. This position requires the ability to handle complex inquiries regarding standby letters of credit from our external clients and internal business partners. Additionally, the individual we are seeking will assist in strategic projects to enhance the product and platform.

HOW YOU WILL FULFILL YOUR POTENTIAL
  • Review Credit Agreements and other deal documents to assist with the structuring of our obligation as issuing bank
  • Review Letter of Credit drafts before they are shared with clients.
  • Review counter-Standby Letter of Credit drafts before they are shared with correspondent Banks.
  • Review communications with Correspondent Banks.
  • Manage communications with the different desks during the process of reviewing Letters of Credit.
  • Review daily reports to ensure appropriate action has been taken if applicable.
  • Review Letter of Credit Issuances processed by the Team.
  • Review Reg W and Reg O Checks , OFAC checks are performed by Processor prior to LC Issuance
  • Suggest process improvements.
  • Leverage your knowledge and expertise as a subject matter expert in all aspects of the business and to help train other colleagues, as needed

SKILLS & EXPERIENCE WE'RE LOOKING FOR

BASIC QUALIFICATIONS
  • Bachelor's degree with financial services experience of more than 3 years
  • In-depth knowledge of ISP98/UCP 600
  • Ability to work in a fast paced environment with competing priorities
  • Excellent communication and client service skills
  • Strong organizational and analytical skills with a keen attention to detail
  • Proficiency using the Microsoft Office Suite in particular Excel and PowerPoint

PREFERRED QUALIFICATIONS
  • Experience in loan servicing or operations
  • Knowledge of URDG 758

SALARY RANGE
The expected base salary for this New York, New York, United States-based position is [$80,000-$135,000]. 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.

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

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

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.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

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

Similar Jobs

More Jobs at The Goldman Sachs Group, Inc

More Finance & Insurance Jobs

Find similar Global Banking & Markets Operations - Loan Management, Letters of Credit, Associate, Dallas/New York jobs: