The Goldman Sachs Group, Inc

Global Banking & Markets Private , Corporate Derivatives Underwriting Associate -Dallas

The Goldman Sachs Group, Inc$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2-3+ years of experience in financial services, particularly in corporate finance or derivatives.
  • Strong understanding of derivative products and financial risk management.
  • Proficiency in engaging with legal documentation concepts and terms.
  • Ability to exercise independent judgment in credit or risk assessments.
  • Undergraduate degree in Economics, Finance, or a related field.
  • SIE, FINRA 63, and FINRA 79 qualifications required.
  • Demonstrated analytical skills for data assessment and presentation.

Responsibilities

  • Act as primary underwriter for a wide range of derivative transactions.
  • Develop independent credit views for derivative exposures.
  • Identify and assess key risks and mitigation strategies.
  • Coordinate with Sales, Credit Risk, and Legal teams for timely credit approvals.
  • Enhance underwriting processes, templates, and training materials.
  • Support the onboarding and development of junior team members.
  • Communicate credit analysis and recommendations clearly under pressure.

Benefits

  • Collaborative work environment across multiple teams and regions.
  • Opportunity to influence key decisions and outcomes in a high-stakes role.
  • Continuous learning and development support for career advancement.
  • Exposure to diverse financial products and strategic corporate transactions.
  • Engagement with senior stakeholders and opportunity for networking.
Full Job Description
Job Description

Job Summary & Responsibilities

The Corporate Derivatives Underwriting (CDU) team serves as the central underwriting and risk function for interest rate, foreign exchange, and credit derivative transactions executed by corporate, financial sponsor, government, and financial institution clients of the Investment Banking division.CDU is responsible for developing independent credit views on derivative exposure, assessing transaction structure and legal documentation, and coordinating closely with Sales, Credit Risk Management, and Legal and Derivatives Documentation teams to support timely, well-reasoned credit approval decisions. Client activity spans strategic transactions such as M&A and financings, as well as ongoing risk management programs.

Primary Responsibilities

The Associate will act as a primary underwriter on a broad range of transactions, taking ownership of the underwriting process from initial engagement through credit approval. This includes developing independent credit views, identifying key risks and mitigants, coordinating cross-functionally with Sales, Credit Risk, Legal and Derivative Documentation teams, and exercising sound judgment in fast-moving and complex situations.

Associates are expected to go beyond summarization, applying rigorous analytical judgment to assess credit quality, challenge assumptions where appropriate, and articulate clear, well-reasoned recommendations in underwriting memoranda.

Associates should develop and maintain a strong knowledge of derivative products, exposure profiles, and legal documentation (including ISDA Master Agreements, schedules, CSAs, Guarantees, and Credit Agreements), and understand how documentation terms affect credit outcomes and risk.

Associates are expected to contribute to the continuous improvement of underwriting processes, templates, and training materials, support onboarding and development of junior team members, and act as a trusted point of contact for internal stakeholders across regions and products.

Expected Skills & Qualifications
  • High-judgment, high-ownership role at the intersection of markets, credit, and legal risk, with responsibility and influence on outcomes.
  • Demonstrated ability to exercise independent judgment in credit or risk-related roles
  • Strong understanding of corporate finance
  • Strong understanding of derivative products and/or financial risk management
  • Comfort engaging with legal and documentation concepts
  • Ability to manage senior stakeholders and communicate clearly under time pressure
  • Interest in process design, problem-solving, and platform building, not just deal execution


Preferred Skills & Qualifications
  • Undergraduate Degree in Economics / Finance / Accounting related discipline
  • 2-3+ years financial services experience; prior corporate finance or derivative experience preferred
  • SIE, FINRA 63 and FINRA 79 qualified
  • Keen interest in the financial markets
  • Demonstrated technical proficiency: experience analyzing data and summarizing results to produce succinct high-impact presentations
  • Team player
  • Excellent communication skills
  • Accurate and detail-oriented

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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