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    Risk-DALLAS-Vice President-Credit Review - Dallas, United States - Goldman Sachs

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    Description

    MORE ABOUT THIS JOB:

    WHO WE ARE

    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, Salt Lake City, Dallas and other major financial centers around the world.

    We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first.

    These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.


    BUSINESS UNIT OVERVIEW

    Credit Review complements the Firms independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the loan and derivative portfolio.

    Credit Review also validates and tests Credit Risks ratings, processes and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risks processes.


    THE ROLE

    We are currently seeking an outstanding candidate responsible for providing timely and effective review and challenge to retail credit portfolios, including but not limited to residential mortgages, consumer loans, credit cards, student loans, and open-ended revolving credit.

    The candidate will lead Credit Review team members in performing independent risk assessments of the quality of risk management for retail credit exposure.



    RESPONSIBILITIES AND QUALIFICATIONS:


    RESPONSIBILITIES

    The Credit Review Vice President will be part of a dynamic team responsible for providing objective assessments on the quality of retail credit risk management.

    The teams specific responsibilities include ensuring that there is timely recognition of any potential weaknesses in the retail credit portfolio, monitoring adherence to policies and procedures, and challenging underwriting criteria.


    Additional responsibilities include:
    Execute a risk-based annual Retail Credit Review plan and continuous monitoring program
    Assess the level of credit risk and the quality of credit risk management practices
    Identify potential credit risks, assess the impact of those risks, and recommend process changes related to Credit Risk activities
    Lead credit reviews, prepare reports and conduct meetings with Credit Risk
    Use tools and techniques, including sampling and transactional testing, to effectively identify and assess adherence to credit policies as well as risk trends
    Conduct portfolio monitoring and segment analysis (e.g., product, vintage, score band, or delinquencies) through the use of data analysis tools such as SQL and Tableau
    Ensure reviews and portfolio monitoring are completed within established timelines and in accordance with Credit Review policies
    Produce quantitative analysis and qualitative commentaries for Credit Risk, Firm, and Bank management
    Develop a continuous monitoring program for all retail/consumer segments including the use of key performance indicators to help identify emerging risks in the portfolio
    Evaluate Credit Risk Policies to assess that the appropriate controls are in place to effectively manage credit risk and monitor adherence to approved policies
    Participate in ad-hoc and special projects, as applicable


    ABOUT GOLDMAN SACHS:


    Goldman Sachs is an Equal Employment Opportunity Employer and does not discriminate in employment on the basis of age, race, colour, gender, national origin, disability, veteran status, or any other basis that is prohibited by applicable law.


    Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks.


    As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau.


    The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.

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