Goldman Sachs Credit Risk
Anyone have any info on Goldman Sachs Credit Risk Management and Advisory? Like comp, exit opps, hours, etc?
Here are some responsibilities listed on their site:
As a Credit Risk Management & Advisory professional, you might: • Discuss the capital structure implications of a proposed merger with the Investment Banking team • Analyze the financial strength of a hedge fund that wants to trade with the currency-trading desk • Help a client issuing public debt prepare to present its credit story to the rating agencies • Coordinate with the Legal and Global Operations departments to manage the risk in an equity derivatives trade • Assist with an Investment Banking "pitch" to a new client by promoting our credit advisory capabilities • Research the fundamentals of the wireless industry to determine Goldman Sachs' risk appetite to the sector • Structure a collateral arrangement to mitigate risk associated with a gold hedge
Hours are good. You basically act as the S&P or Moody's for the bank. (e.g. of interaction with bankers: when banking is doing a model, say lbo, they talk with credit to determine the different rating a company may have post-leverage).
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Any one has any input on how to prepare for GS 1st round interview for credit risk? Thanks
Anyone has any input with regards to GS 1st round interview for Credit Risk? Thanks
FT or SA? SLC office?
Yes this is for FT.
Chiang Kai-shek
Goldman Sachs Credit Risk Analyst (Originally Posted: 06/27/2012)
What do you think? Useful at all? Can I do banking later or get into a top 10 MBA program? Have a job offer for 2 year analyst position in a regional office.
It would be difficult but you could feasibly make it into banking. Probably not at a BB, but I've seen this done where people with the Goldman name transition from middle/back office to a IB at a no name boutique. As for the top 10 MBA, I don't know enough to really help, but probably the same - difficult but not impossible.
Banking at a BB difficult, but possible. Top 10 MBA not as difficult (inasmuch as getting into a top 10 MBA can be "not difficult"). People really overestimate the difficulty of BB/blue chip middle office -> top tier MBA. At both CBS and Booth I met a considerable amount of kids coming from things like product control, risk management, treasury, HF administration, etc.
Exit Opps for GS Credit Risk in Salt Lake City (Originally Posted: 01/03/2015)
I've already found threads dedicated to Goldman Sachs in Credit Risk Management and Advisory exit opps but I think they're all speaking from the NY office. What about SLC?
I heard that GS CRMA used to be split between the NY and SLC offices but now GS is moving everyone in CRMA (And even some FO people but only temporarily) to SLC. The NY and SLC offices used to be quite different in the sense that the NY office had more client interaction (Though still limited, and mainly for due diligence purposes), which probably led to some good exit opps. But now that everyone in CRMA is being moved to SLC, I'm not sure what would happen now in terms of responsibilities, and exit opps. Please correct me if I'm wrong abou anything.
You can lateral to global head at Morgan Stanley
All of CRMA is being moved to SLC?
GS credit risk in NY (Originally Posted: 03/14/2015)
I've now started working in Goldman Sachs Credit risk management and advisory department in Salt Lake City. I've liked what I do so far but I can't help but feel like I got gypped of being in NY instead. They had told me GS was relocating all of CRMA to SLC but there are still CRMA folks in NY, and I think they've actually just hired a new analyst in NY. When I applied for this position through campus recruiting, there was no option for NY, which is strange considering an alum I spoke with in this same position a few years ago worked in NY (Then again, that was probably before the downtown SLC office even opened). I don't hate SLC but I just think NY would've made more sense for me considering that it's much closer to home for me (I'm from the east coast) and they wouldn't have to pay me anything for relocation, and I've spoken to far more folks in NY while networking than in SLC.
And do you think it's possible to see if I could transfer to NY?
There is no way they will let you transfer to GS Credit Risk in NYC. However, you can stay in SLC for about 1.5 to 2 years and then apply for a NY position in a different division through internal mobility. This has happened before.
Transition into which divisions though? I'd be interested in going to GIR (global investment research) after 2 years. How often would you say that's happened?
And yeah I know theres probably no way for me to transfer now but I still want an explanation for all this inconsistency. Why did they tell me GS was moving all of CRMA to SLC when that clearly isn't what's happening right now?
GS Credit (Originally Posted: 05/11/2008)
I was looking at the GS website and I saw that credit risk management/Bank Debt Portfolio Group/Global Special Assets Group was in their Finance department. Does anyone know whats the salary and bonus like and the hours for an associates, vp, or director. On the vault website it said VP risk management within asset management made about 400k-500k. Is that about right?
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