AWM, Private Bank, Capital Call Lending, Vice President, NYC
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Wealth Management Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.Goldman Sachs Private BankGoldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client's wealth management goals. Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lenders and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards. All team members are employees of Goldman Sachs Bank, USA. Capital Call Financing (CCF)The Private Lending Capital Call Financing team provides fund-level financing in the form of capital call / subscription facilities collateralized by the uncalled capital of a fund's limited partners. These facilities enhance fund returns, accelerate access to capital, reduce capital call frequency, and bridge to asset-secured leverage. The CCF business is an integral part of the Private Bank's alternative asset lending capabilities, enabling the Bank to offer credit facilities at both the GP investor level for personal liquidity and cash flow management and the fund level to enhance financial flexibility throughout a fund's life. Private Lending is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. CCF employees are employees of Goldman Sachs Bank USA.HOW YOU WILL FULFILL YOUR POTENTIAL Responsible for sourcing business and managing client relationshipsEvaluate all risk and economic implications of transactions, using strong analytical and technical skillsAdvise and develop credit solutions for clients that meet their needs and remain within acceptable risk parameters for the BankDevelop and maintain a thorough understanding of the CCF product offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Lending GuideDiligence private equity fund and sponsor track records, financials, LPs, PPMs, and LPAs across various strategies (e.g., buyout, real estate, infrastructure, etc.)Build and maintain borrowing base certificates and credit / financial modelsEvaluate the credit implications of complex structured loansDocument the loan structure and analysis for credit approval and file documentation purposesEnsure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction Confirm compliance with all covenant and collateral monitoring proceduresEnsure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory mannerInteract with banking regulators on an as needed basis. Provide other support of GS Bank USA's loan portfolio as requestedFoster strong communication with clients, Credit Risk Management, PWM teams, and GS Bank USA personnelSKILLS & EXPERIENCE WE'RE LOOKING FORA Bachelor's degree, MBA preferredCPA or CFA a plus8+ years of relevant work experience (underwriting, lending, commercial banking, private banking, investment banking, investor relations, private equity, and/or credit roles) and a strong understanding of fund financeDetailed knowledge of financial accounting, analysis, and modelingExcellent communication skillsStrong project management, multi-tasking, and work organization skillsFlexible, personable, confident, and self-motivated while focusing on being a team playerDesire to be part of a dynamic and growing businessREQUIRED LICENSINGSeries 7, 63 and SIE, or must be obtained within 4 months of joining Salary Range The expected base salary for this New York, New York, United States-based position is $115000-$270000. 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 GOLDMAN SACHSAt Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. Posting Date: 2024-11-15