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Global Markets Division, Mortgage Structuring, Associate, London

Employer
Goldman Sachs
Location
London, United Kingdom
Salary
Competitive
Closing date
Jun 26, 2022

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 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.
Goldman Sachs is a leading mortgage origination, sales and trading franchise globally, covering the entire breadth of market participants and products. The Asset Finance & Trading business mandate includes originating and executing a variety of asset-backed transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, whole loan acquisitions and alternative capital solutions, across the spectrum of products, including non-performing and re-performing residential loans, direct real estate, consumer loans and SME loans.

Scope of Role:
  • Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions. Modeling and tie-out with accounting firms and / or third party issuers
  • Documentation - Prepare term sheets and check deal structure in securitization related documents (pooling and servicing agreements, prospectus supplements etc.)
  • Product development - Collaborate to monitor market developments, reverse engineer structures in the market, and devise novel and unique features to optimize financing; understanding the implication of and solving regulatory, structural and market challenges
  • Model and research development - Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue. Work to identify areas of research that are critical to product development, risk measurement within transactions, or investor education. Lead research projects, production of results and ensuring communications
  • Communication - Ability to interact with internal and external clients (including finance, sales and trading teams), structurers, legal counsel, rating agencies, accountants, and trustees. We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events

Minimum education and experience required:
  • Master's degree or equivalent in Finance, Economics, Business, Math, Physics or a related quantitative field plus 2 years of non-agency Residential Mortgage-Backed Securities experience or related experience; OR Bachelor's degree or equivalent in Finance, Economics, Business, Math, Physics or related quantitative field plus 3-5 years of non-agency Residential Mortgage-Backed Securities experience or related experience.

Qualifications Skills required:
  • Must have structured products experience and demonstrated knowledge of fixed income markets
  • Must have demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
  • Must have experience using Intex and Bloomberg. Must have experience evaluating/pricing non-agency mortgage-backed securities
  • Must have demonstrated quantitative skills, including performing bond math
  • Must have demonstrated IT skills including experience with Microsoft Excel and VBA programming
  • Ability to communicate and work under tight timeframes with internal and external clients, including finance, trading, sales, structurers, legal counsel, rating agencies, accountants, and trustees
  • Enthusiastic, proactive team player that will drive transactions and projects


ABOUT GOLDMAN SACHS

At 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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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