AWM, Private Bank, Private Capital and Funding, Analyst, NYC
About the position
The Analyst position within the Private Bank at Goldman Sachs is a critical role that focuses on managing the financial resources of the Capital and Funding business unit. This position involves working closely with both internal and external stakeholders, including clients, to address various issues that may arise during the loan origination and funding process. Analysts will be responsible for projecting and managing foreign exchange (FX) risk, ensuring that the financial operations align with the overall goals of the wealth management division. In collaboration with the Wealth Management Finance team, the Analyst will engage in daily profit and loss (PnL) management, monitoring risk limits, and overseeing balance sheet management and capital planning. This includes forecasting capital requirements, balance sheet metrics, and top-line revenues, which are essential for business planning and stress testing conducted by firm management. The role also supports franchise managers in driving strategic initiatives related to lending products, including new product launches, through data analysis, financial modeling, and the preparation of presentations. The Analyst will play a key role in maintaining the risk integrity of the loan book, which encompasses origination, servicing, and portfolio management. This requires coordination with underwriters, operations, and other internal stakeholders such as Controllers and Risk teams. Additionally, the Analyst will provide transaction support to structure new transactions efficiently, taking into account various factors such as entity, liquidity, capital, and internal loan booking processes, all while adhering to relevant governance and controls frameworks. Resource management is another significant aspect of this role, where the Analyst will manage the overall financial resource footprint for the loan portfolio. This includes measuring and monitoring funding sources, regulatory capital consumption, and compliance with regulations such as 23A and Reg W. The Analyst will also make recommendations regarding funding sources to maximize revenues while managing liquidity risk, and will be responsible for executing process or structural adjustments to enhance capital efficiencies. Furthermore, the Analyst will handle ad hoc requests from senior management, which may involve data management, reporting, and the creation of ad-hoc presentations.
Responsibilities
?? Daily PnL management in partnership with the Wealth Management Finance team.
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?? Monitoring risk limits, balance sheet management, and capital planning.
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?? Forecasting capital requirements, balance sheet, and top line revenues for business planning and stress testing.
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?? Supporting franchise managers in driving lending products' strategic initiatives through data analysis and financial modeling.
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?? Owning the risk integrity of the loan book, including origination, servicing, and portfolio management.
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?? Providing transaction support to structure new transactions efficiently.
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?? Partnering with Wealth Management Finance and Controllers to monitor the integrity of books/records.
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?? Understanding and supporting the loan origination and funding process throughout the loan lifecycle.
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?? Acting as the face of the business when dealing with internal groups to resolve issues related to Private Bank products.
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?? Managing the overall financial resource footprint for the loan portfolio.
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?? Making recommendations regarding funding sources to maximize revenues within liquidity risk tolerance.
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?? Ensuring the business operates within the governance and controls framework.
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?? Managing ad hoc requests from senior management, including data management and reporting.
Requirements
?? Experience in or supporting financial services.
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?? Excellent communication and interpersonal skills, with a desire to work in a fast-paced, high-pressure, results-driven environment.
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?? Ability to manage multiple tasks with high attention to detail and flexibility in hours.
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?? Strong financial, analytical, and presentation skills, with working knowledge of multiple asset classes.
Nice-to-haves
Benefits
?? Diversity and inclusion initiatives
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?? Training and development opportunities
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?? Wellness programs
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?? Mindfulness programs
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?? Reasonable accommodations for candidates with special needs or disabilities.
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