Asset & Wealth Management, Private Bank, Lending Service Professional, Associate - San Francisco

Job Description

YOUR IMPACTPrivate Bank Lending Service Professionals are the primary client contact, delivering exceptional service, operational support, and risk management throughout the entire lending process. This role focuses on managing client relationships, managing risk, assisting with capital calls and distributions, covenant management, identifying and implementing growth opportunities, participating in client meetings, pre-screening lending requests, partnering with underwriting for risk management, managing initial default situations, ensuring compliance, and maintaining clear communication with clients.OUR IMPACTWealth ManagementAcross 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 clients 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.HOW YOU WILL FULFILL YOUR POTENTIAL

• Client Relationship Management: Maintain client relationships, serving as the primary point of contact for all client matters related to their co-invest loans. Proactively manage expectations, address inquiries, and resolve issues, ensuring a seamless and positive client experience.
• Lending Process Management: Conduct initial assessments of lending requests, gather due diligence and KYC information, and coordinate the rollout of loan programs. Oversee cash movements, modifications, and servicing requests, providing regular reporting to fund sponsors/borrowers.
• Risk Assessment: Evaluate the risk and economic implications of transactions, utilizing strong analytical and technical skills. Advise and develop credit solutions that meet client needs while adhering to acceptable risk parameters. Assist with diligence of private equity fund and sponsor track records, financials, LPs, PPMs, and LPAs.
• Credit Analysis and Documentation: Evaluate the credit implications of complex loans. Document loan structures and analyses for credit approval and file documentation purposes, ensuring consistency with approved terms and appropriate risk ratings.
• Compliance and Monitoring: Ensure effective and consistent compliance with control procedures, including covenant and collateral monitoring. Maintain accurate credit files and documentation. Interact with banking regulators as needed.
• Collaboration and Communication: Foster strong communication with Regional Lending Teams, Credit Risk Management, PWM teams, clients, and other Goldman Sachs personnel. Partner with the US Underwriting team on credit memos and portfolio/risk management.
• Problem Solving: Take the lead in navigating solutions for at-risk accounts within your portfolio, collaborating with Senior Lenders, US Underwriting, and Private Bank management.

SKILLS & EXPERIENCE WERE LOOKING FOR

• Bachelors Degree Required or relevant working experience.
• Minimum 2 years of relevant experience in financial services (underwriting, lending, private banking, investment banking, private equity, and/or credit roles) with a strong understanding of lending to professionals in the alternative investment industry.
• Detailed knowledge of financial accounting, analysis, and modeling.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication skills (verbal and written), as well as strong organizational and interpersonal skills.
• Self-motivated, able to work autonomously and collaboratively, and thrive in a fast-paced environment.
• Commitment to excellence, a high level of integrity, and a desire to be part of a dynamic and growing business.

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. Were 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.Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: Disability StatementThe Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.Locations - Opportunity Overview

• CORPORATE TITLE: Associate
• OFFICE LOCATION(S): San Francisco
• JOB FUNCTION: External Product Specialists
• DIVISION: Asset & Wealth Management
• SALARY RANGE: USD 75,000 - 160,000

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Keyskills :
client relationship management risk assessment skillscredit analysis expertise compliance monitoring strong communication skillsportfolio wealth management risk management lending loans personal finance kyc investment banking investments fin