Global Banking & Markets - Capital Solutions Group - Residential Structured Finance - Associate - New York

The Capital Solutions Group at Goldman Sachs brings together our financing, origination, structuring, distribution, and risk management capabilities across public and private markets. The depth and breadth of our relationships, enriched by the velocity of our deal flow, provide clients unique insights to maximize value and unlock opportunity. Our integrated structure is built to provide comprehensive, tailored solutions for both issuing and investing clients.

The Residential Structured Finance business focuses on originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling. The business operates across a broad spectrum of products / asset classes, including non-performing and re-performing loans, prime jumbo, non-qualified mortgages, investor and residential transition loans, single family rental, manufactured housing, seconds, HELOCs, mortgage servicing rights, and land. The role will involve the sourcing, structuring, and marketing of securitizations which are either broadly marketed and sold to institutional investors or privately placed, warehouse and term financings, principal transactions, and advisory assignments (including involvement with asset portfolio sales, corporate restructurings / M&A, risk transfer transactions, etc). We collaborate with colleagues across Sales, Trading, Investment Banking and other parts of the firm to prosecute these opportunities.

Scope of Role:

• Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships. The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking
• Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks. Review and negotiate underlying deal documentation and conduct transaction structuring
• Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions
• Documentation - Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete
• Product development - Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges
• Model and research development - Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue
• Communication - Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details
  
  
  
  • We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events
  
  
• Minimum education and experience required:
  
  
  
  • Associate: Bachelor's degree plus 3+ years of non-agency Residential Mortgage-Backed Securities experience or related experience
  
  
• Qualifications / Skills required:
• Structured products experience and demonstrated knowledge of fixed income markets
• Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
• Experience using Intex and Bloomberg.
• Experience evaluating non-agency mortgage-backed securities
• Ability to communicate and work under tight timeframes with external clients and internal teams
• Enthusiastic, proactive team player that will drive transactions and projects