Global Markets, Loan Management, Transaction Management, Associate - Dallas
Posted on: 19 Feb 2021
Dallas, TX
Job Description
MORE ABOUT THIS JOB
GLOBAL MARKETS
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.
The Loan Management team is a business unit within the Global Markets division, primarily supporting the Mortgage Loan Trading and Structured Finance desks. The team is a multi-faceted diligence and asset management platform specializing in whole loan acquisition, sales, securitizations, and financing opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.
Core responsibilities:
* Trade analytics and reporting
* Trade and counterparty coordination
* Perform due diligence and valuation work across asset classes
* Asset Management of the loan portfolio strategies and performance
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RESPONSIBILITIES AND QUALIFICATIONS
Loan Management is seeking an Associate that will assist Transaction Managers in facilitating due diligence (at both the deal and asset levels) of residential whole loan acquisitions, sales and securitizations of residential loan portfolios. Analyst will ensure completion of transaction closing requirements, and adherence to departmental, divisional and Firmwide policies.
Responsibilities include:
* Collaborate with Transaction Manager(s),Trading Desks to finalize the due diligence scope, budget and timeline (inclusive of determining samples and preparing data files and diligence materials for third-party vendor partners)
* Support due diligence transactions (e.g., credit underwriting, data integrity, collateral, valuation, title/tax/default servicing, origination regulatory compliance, etc.); ensure due diligence meets agreed upon timelines
* Collaborate with internal diligence teams to obtain third-party vendor partner bids; Statement of Works (SOW) and engage/monitor third-party vendor partners
* Work closely with the internal diligence teams to identify and document loan level conditions/exceptions; assist with determining resolutions/potential cures
* Assist to maintain accurate reporting of loan level conditions, exceptions and data reconciliation to maintain data integrity
* Support tie-out of final diligence processes, applicable checklist(s) and deal expenses
Goldman Sachs
New York, New York
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
The Institutional Client Services segment is involved in client execution activities related to making markets in cash and derivative instruments for interest rate products, credit products, mortgages, currencies, commodities, and equities; and provision of securities services comprising financing, securities lending, and other brokerage services, as well as the marketing and clearing of client transactions on various stock, options, and futures exchanges.
The Investing & Lending segment invests in and originates longer-term loans; and makes investments in debt securities and loans, public and private equity securities, and infrastructure and real estate entities, as well as provides unsecured and secured loans through its digital platforms. The Investment Management segment offers investment management services; and wealth advisory services consisting of portfolio management, financial planning and counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
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IndustryBanking/Financial Services
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No. of Employees35,900
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Website
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Jobs Posted925
