Goldman sachs Credit Risk CRMA

I just want to start out by saying this is not the first time I'm contacted by a GS recruiter the last one was for the Global Investment Research group which clearly went sideways in the phone screening. Here is the email I received earlier today:

Hi,

My apologizes for the informal email approach. I recently came across your resume on -----.com and I wanted to reach out directly regarding the role below.

I'm a recruiter with Goldman Sachs and I’m currently working on a role within Credit Risk and I wanted to see if you were exploring options on the market. By looking at your background, you or someone you know could be a great fit for this position and I’d enjoy the opportunity to discuss with you further.

An exciting opportunity has come up on our Sovereign Industry team within Credit Risk. Within CRMA, the sovereign team is responsible for understanding and analyzing the countries where the Firm takes risk, and
setting limits on the aggregate amount of exposure at the country level. This includes analyzing the macroeconomic and political situation, financial market performance, social pressures, and assessing the appetite for risk in the country.

The Main Responsibilities for the role will be to assess the credit and financial strength of the firm's counterparties by performing fundamental credit analysis, determine credit appetite and assess risk factors across a portfolio of counterparties, coordinate with Sales & Trading, Investment Banking/Financing group, Legal, Operations and Compliance departments to approve derivatives and loan business and ensure appropriate documentation, limits and risk mitigants to protect against a counterparty default and minimize potential losses, and perform sector analysis regularly in order to assess portfolio concentrations, sensitivities and trends.

Please contact me directly and we can set up a time to discuss this role more in depth. If interested, please pass along a copy of your resume for review.

I'm looking forward to hearing from you.

A bit of background about myself:

Graduated with a Bs in Finance from non-target School in NJ
GPA: 3.5
Work experience: Currently work as Credit Analyst (Internally promoted from personal banker) for the Corporate Lending Group of a big regional Commercial Bank in NYC ( $60B in assets). My position could be considered FO at the bank since they don't have IBD and the next promotion is as a relationship manager/commercial lender (not what I want to do).

Goal: IBD Analyst at any type of IB Bank (boutique, MM, BB)

Here is the thing I'm really tempted about this position at GS but the thing is I don't want to be a credit guy all my life and get pigeonholed in this type of position. I know credit markets are important but IBD is what I really want to do. At the moment I'm starting to study for the CFA level 1 I know is not important for IBD but could help me get into ER and then maybe transition to IBD or at an AM firm in the buyside. Planning to do MBA (2017) at either NYU or Columbia my back up Rutgers.

IF anybody works or GS or have some insight about this group I would appreciate it.Below are some of the questions i have about the group:

Compensation:

what's the base salary on average?

Bonus or no Bonus and usually what $?

Lateral Mobility:

could I move from this group to IBD with the proper networking within the firm?

Easy to network?

If able to lateral to IBD only lateral to Lev Finance or could move to industry group?

Exit opps:?

What are the main exit opportunities besides Business school?

Lifestyle:

How many hour per week ?

Thanks in advance.

8 Comments
 

I finished my final round at SLC abt 5 wks ago. Got an "on hold" email but no concrete answer. Am wondering if anyone has similar situation or thoughts. Anyone?

 

CRMA is doing due diligence to assess GS counterparty risk. GIR (including credit) is issuing research reports to clients.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

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