Global Banking & Markets - Asset Management - Associate - Bengaluru

ABOUT GOLDMAN SACHS 

The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Job Summary & Responsibilities 

The Loan Management team is a business unit within the Global Market’s 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. 

The Asset Management department is primarily responsible for developing and maintaining the strategic view and execution of business objectives for Goldman Sachs’ Whole loan residential and small balance portfolio. The Asset Manager will oversee third party servicing, working with the Servicer(s) to develop and implement strategies to maximize returns. Ongoing communication with Senior Management and the Trading Desk regarding performance, potential risks and hurdles, and individual asset analysis is expected. This position will report to the Analyst/Associate of Asset Management.

Responsibilities: 

Develop and maintain the most strategic view and execution of business objectives for the residential and small balance commercial Goldman Sachs Whole Loan Portfolio 

Collaborate with the Analytics team to create and prioritize operational reports pertinent to measuring performance and identifying potential servicing risks 

Work with Servicer(s) to understand the needs of each project (skills and timing) and provide guidance and recommendations on the coordination and implementation of such projects.

Ensure Servicer(s) deliver all performance related reports on schedule as required in the respective Servicing Agreement(s)

Ability to manage inquires and escalated issues raised by Servicer(s)

Support other departmental teams as needed (e.g., Jumbo Conduit, Due Diligence, Repurchase Team, Whole Loan Reporting, and Trade Desk Support) 

Assist in updating departmental policies/procedures; ensure departmental and firm wide guidelines are followed 

Work on approvals and review of various loss mit strategies to ensure the actions are approved as per guidelines 

Perform approvals for foreclosure and review for bids and foreclosure sales 

Communicate the firm’s goals and objectives 

Perform other duties as assigned 

Basic Qualifications: 

Minimum 3 years of extensive residential mortgage or secondary marketing experience, with an emphasis in analytics, and data manipulation

Independent thinker who will be proactive, assertive and professional in dealings with internal/external business partners, other Loan Management teams, and senior managers; be able to work under pressure and deliver exceptional results 

Possess excellent time management/organizational skills with a keen eye toward attention to detail; must have ability to handle a high-stress, fast-paced environment, and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines; must have ability to work independently and multi-task 

Strong ability to organize, analyze and interpret legal and compliance related materials 

Self-confident, possess good judgment, and sound decision making and problem solving skills 

Outstanding initiative and excellent communication/presentation skills (both verbal and written) 

Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies 

Must have ability to work extended hours as needed 

Strong Academic Background - Bachelor’s degree. 

Superior analytical skills and attention to detail 

Strong communication skills (clear, concise, and confident) with the ability to manage internal and external relationships 

Technical Skills including advanced Excel, SQL, ADS, ALTERYX, Tableau a plus

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: 

Please note that our firm has adopted a COVID-19 vaccination requirement for employees who work onsite at any of our U.S. locations to safeguard the health and well-being of all our employees and others who enter our U.S. offices. This role requires the employee to be able to work on-site. As a condition of employment, employees working on-site at any of our U.S. locations are required to be fully vaccinated for COVID-19, and to have either had COVID-19 or received a booster dose if eligible under Centers for Disease Prevention and Control (CDC) guidance, unless prohibited by applicable federal, state, or local law.

 Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case by case basis.

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.

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