Global Banking & Markets – Collateral & Trade Diligence – Associate- Bengaluru

Job Description

About Goldman Sachs

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities

Global Banking & Markets

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 on exchanges 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.

Division

The Loan Management group resides within the Global Markets Division and supports the Mortgage Trading Desk. Trade Management group within Loan Management is responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisition and sale/securitization of residential loan portfolios and ensuring completion of transaction closing requirements. Post trade Loan management is also responsible for the asset management and facilitation of the portfolio’s strategies including interacting with third party vendors to manage assets.

The Due Diligence Collateral Analyst is responsible for reviewing collateral documentation for accuracy and adherence to requirements, assisting in due diligence for the acquisition and sale or securitization of residential loan portfolios and conducting collateral reviews on Goldman Sachs’ third-party vendor partners.

Responsibilities

• Perform critical document reviews including title policies, modifications/CEMAs, security instruments, bailee letters, lost note affidavits, endorsement chains etc. for accuracy and compliance with loan and trade level requirements
• Analyze property reports, vendor reports, custodian reports and images to identify assignment chain breaks or deficiencies
• Determine and carry out curative measures required on identified deficiencies through issue resolution
• Perform research to locate images or originals of collateral docs and route to the appropriate party
• Review and analyze invoices and supporting information to ensure accurate billing for services by third party vendors
• Analyze vendor reporting to identify trends, aging and deficiencies and facilitate escalation until issues are resolved; issue final reports identifying risk/significant issues, resolutions, financial impact, etc
• Document and maintain quality notes and accurate summaries on all loan collateral reviews
• Maintain accurate reporting of exceptions and reconcile data to maintain data integrity
• Actively participate in system/technology 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

• Independent thinker and strong communicator who will be proactive, assertive and professional in dealing with internal/external customers, third-party vendor partners, other Loan Management departments, and senior managers
• Knowledge of US mortgage collateral or custodial process with thorough knowledge of all collateral document requirements for private whole loan and GSE sales / purchases is highly beneficial
• Ability to handle a challenging, fast-paced environment and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines
• Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies
• Outstanding analytic, organization, project management and presentation/communication skills
• Strong self-confidence, good judgment, and sound decision making and problem solving skills
• Advanced proficiencies in MS Excel, Word and Outlook
• 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 organizational skills, attention to detail and flexibility
• Ensure that quality work product is maintained in a trade-based and time sensitive environment
  
  

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., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer