Wealth Management-Private Bank Underwriting- Associate- Bengaluru
Goldman Sachs · Posted Oct 22
Investment banking, securities, asset management, and wealth management services
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About the role
Goldman Sachs Private Bank provides borrowing and cash management solutions integrated with clients' wealth management goals, and the Private Lending Underwriting (PLU) team in Bengaluru underwrites loans to Private Wealth Management clients. PLU assesses, documents and monitors credit and business risk across collateral types including commercial real estate, private equity and hedge fund interests, aircraft, fine art, private company stock and marketable securities. The Associate will evaluate transaction risk and economics, document loan structures for credit approval, confirm covenant and collateral monitoring compliance, and partner with regional lending, credit risk and PWM teams as well as banking regulators.
What you will do
- Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
- Work closely with the Regional Lending and Underwriting Team to conduct periodical review of client’s financial position & collateral performance and assess if they remain within acceptable risk parameters for the Bank
- Develop and maintain a thorough understanding of the product suite offered in Private Lending. Ensure consistency in the underwriting and review process and with the standards prescribed in the Product Lending Guides
- Document the loan structure and analysis for credit approval and file documentation purposes
- Ensure 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 procedures
- Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
- Interact with banking regulators on an as needed basis. Provide other support of GS Bank USA’s loan portfolio as requested
- Foster strong communication with Regional Underwriting and Private Lending teams, Credit Risk Management, PWM teams, clients and GS Bank USA personnel
- Operate independently, ensure client relationship management is efficient with ownership on various aspects of loans are tracked and addressed effectively and timely
- Ideate and execute on projects to bring efficiency in the process aiming to improve time and risk management.
Skills used in this role
What the employer is looking for
- CA Fresher or experienced
- 1-3 years of work experience in a financial field (mortgage or insurance underwriting is not relevant for this role)
- Relevant work experience in commercial banking and/or private banking underwriting or credit roles
- Key skills include detailed knowledge of financial accounting, analysis, and modeling
- Excellent communication skills, both oral and written
- Strong project management, multi-tasking, and work organization skills
- Flexible, personable, confident, and self-motivated while focusing on being a team player
- Desire to be part of a dynamic and growing business
- No licensing required for this role
Preferred qualifications
- CPA or CFA a plus
Benefits and support
- Compensation and benefits are detailed in the job posting
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management, and consumer banking to a diverse client base. Established in 1869 and headquartered in New York City, the firm serves corporations, financial institutions, governments, and high-net-worth individuals worldwide.
- Industry
- Investment Banking
- Company size
- 47400+ employees
- Founded
- 1869
- Location
- New York, New York, USA
- Funding stage
- Public Company
Leadership
Chairman and Chief Executive Officer
President and Chief Operating Officer
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