Wealth Management, Private Bank Lending, Underwriter, Executive Director, London

4 days ago


London, United Kingdom Goldman Sachs Group, Inc. Full time

Do you have a strong financial background, experience in underwriting or credit analysis, and are you looking for a dynamic team on which to build your career? We are seeking candidates that are highly analytical and client focused to be part of our Private Lending Underwriting team, which is responsible for the underwriting and portfolio management of structured loans to ultra-high net worth individuals.
Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach.
Private Lending Underwriting (PLU), based in London, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients in EMEA. In this capacity, PLU assesses, underwrites, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process includes a thorough analysis of the borrower’s financial condition, assessment of any collateral securing the loan, identification of risks and mitigants, among other items.
PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. This is a client-facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service.
Evaluate all risk and economic implications of transactions, using strong analytical and technical skills.
Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank.
Develop and maintain a thorough understanding of the product suite offered in Private Lending.
Document the loan structure and analysis for credit approval and file documentation purposes.
Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction.
Confirm compliance with all covenant and collateral monitoring procedures.
Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner.
Interact with banking regulators on an as needed basis.
Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and the wider GS EMEA personnel.
Extensive experience within financial services and private wealth management.
A bachelor’s degree and a relevant professional CFA or FRM qualification is considered a plus.
Must have significant experience covering structured lending (Credit Risk or Underwriting) directly in private wealth management.
Key skills include detailed knowledge of financial accounting, analysis, and modelling as well as product knowledge of structured wealth products.
Strong project management, multi-tasking, and work organization skills.
Flexible, personable, confident, and self-motivated while focusing on being a team player.
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'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.
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