Global Banking & Markets – Trade Diligence - Associate / Analyst - 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. 

Business Unit Overview

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. 

Trade Management Analyst will have key responsibilities in supporting due diligence (at both the deal and asset levels) for the acquisition and sale/securitization of residential whole loan portfolios and ensuring completion of transaction closing requirements. Analyst is responsible for reviewing Residential Mortgage documents for accuracy and adherence to requirements, assisting in due diligence for the acquisition and sale or securitization of residential loan portfolios Goldman Sachs’ third-party vendor partners. The team also works on Consumer and Warehouse business.

Responsibilities 

• Perform critical document reviews including property reports and title policies to identify any title deficiencies or prior liens or tax liens which affects GS lien position on property
• Perform valuation documents review like property appraisal review, BPO (Broker Price Opinion) review for loan and trade level requirements.
• Perform accuracy check on loan data received from different sources and validate through documents review 
• Support Transaction Managers on trade related functions and perform ancillary reviews & various diligence reviews on loans 
• Review various lender guides against GS underwriting criteria to identify gaps to assist with trading desk for decision making 
• Perform audits/underwriting QC review of the originated loan (Credit, Income and Compliance) and determine exceptions 
• Extensively work with different servicers and perform continuous follow ups to get loan level data and documents required for various diligence reviews
• Review and analyze invoices and supporting information to ensure accurate billing for services by third party vendors
• Actively participate in system/technology/automation related projects (e.g., assist IT/System Administration with design, analysis, testing, and implementation aspects of enhancements made to the system)
• Support other departments with servicing related research (Reporting and Analytics, Asset Management, Repurchase Team, Transaction Management, and Trade Desk Support)
• Ensure departmental and corporate guidelines are followed, and objectives are achieved
• Perform other duties as assigned

Requirements

• Minimum of 1-5 years of experience on US mortgage loan origination, underwriting and mortgage documents review
• Knowledgeable on mortgage documents such as Note, Mortgage Deed, Title Policy, Property Appraisal, BPO and credit reports
• Requires strong working knowledge on Residential Loan Underwriting, able to read and understand lending guides
• Excellent decision-making and strong analytical skills
• Self-confidence, good judgment, sound decision making and problem solving skills 
• Ability to handle a high-stress, fast-paced environment, and aggressive deadlines with minimum Supervision; successfully meet established project requirements and deadlines
•  Ability to work independently, multi-task, and be well organized 
• Strong verbal and written communications skills
• Strong organizational skills, attention to detail and flexibility
• Ensure that quality work product is maintained in a trade-based and time sensitive environment
• Knowledge of the principles and regulations applicable to mortgage lending
• Experience reviewing loans for compliance with applicable federal and state laws, including but not limited to knowledge of regulatory requirements, including but not limited to Real Estate Settlement Procedures Act (RESPA)-Regulation X, Truth-in-Lending Act (TILA)-Regulation Z
• Excellent PC skills and possess a high level of proficiency in Microsoft Office applications to include Excel, and Word

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: 

© 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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