Asset & Wealth Management, Fixed Income, High Yield & Bank Loan Team, Credit Analyst, Vice President

Job Description

Asset & Wealth Management:

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

The Credit Analyst role will be an integral part of the High Yield & Bank Loan investing team located New York. The Analyst will be responsible for analyzing individual credits operating across a range of sectors/sub-sectors. A background or prior experience analyzing and modeling credits within the Financials sector is a strong positive. Analyst duties will include performing sector and company due diligence, modeling company financials, and presenting high yield bond and leveraged loan recommendations to the team. Ongoing maintenance research will entail monitoring assigned coverage list credits, as well as assessing risk vs return and relative value investing opportunities across a broad range of portfolios and credit strategies. A successful candidate must demonstrate commitment to a team-oriented culture and possess a natural inquisitiveness and enthusiasm for investment research. Strong financial modeling knowledge, advanced written/verbal communication skills, and an ability to apply a critical thinking mindset, are some of the key attributes needed to be successful in the role.

Responsibilities

• Establishing analytical frameworks to review sectors/industries
• Analyzing high yield and leveraged loan issuers across a range of sector/industries (prior focus on Financial sector issuers a plus), via financial modeling, accounting review, interaction with management teams and sell-side analysts, and the assessment of company/management communications and third-party research
• Assessing the relative value of high yield bond and leveraged loan investment opportunities through the analysis and interpretation of sector trends, market drivers, regulatory risks, issuer strengths/weaknesses, capital structure considerations, financial projections, comparative company analysis, and legal/covenant structure considerations
• Recommending investments across a range of portfolios (e.g. differing risk appetites, restrictions on currencies/countries) and updating/defending recommendations in both oral and written communication with Investment Committee teams across the globe
• Performing ongoing due diligence, monitoring portfolio positions and key credits, and communicating periodic updates in a timely fashion (orally and in writing)
  
  

Basic Qualifications

• 4-7+ years’ research experience in either an investing or banking role
• Demonstrable interest in, and commitment to, investment research
• Sound accounting knowledge, strong financial modeling skills, and keen knowledge of capital structure
• Strong social and communication (oral and written) skills and willingness to work in a team environment
• Advanced credit analysis skills – including an understanding of covenants and capital structure drivers
• Prior High Yield and/or Leveraged Loan investing experience a strong plus
• Prior research experience of knowledge of High Yield Financial sectors/issuers a strong plus
• Experience in stressed/distressed and credit workouts a positive
• MBA and/or CFA study (at any level) a plus
  
  

Salary Range

The expected base salary for this New York, New York, United States-based position is $125000-$290000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .