Goldman Sachs Credit Risk

barnone's picture
Rank: Baboon | 117

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

Comments (20)

Feb 14, 2010

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).

Feb 18, 2010

bump

Mar 27, 2014

Any one has any input on how to prepare for GS 1st round interview for credit risk? Thanks

Mar 27, 2014

Anyone has any input with regards to GS 1st round interview for Credit Risk? Thanks

Mar 27, 2014

FT or SA? SLC office?

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Mar 27, 2014

Yes this is for FT.

Nov 13, 2014

Chiang Kai-shek

    • 1
Nov 13, 2014

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.

Nov 13, 2014

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.

Nov 13, 2014

You can lateral to global head at Morgan Stanley

    • 1
Nov 13, 2014

All of CRMA is being moved to SLC?

Nov 13, 2014

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.

Nov 13, 2014

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?

Nov 13, 2014
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