Risk, Credit Risk, Workout & Restructuring, Vice President, Frankfurt

RISK

Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

WORKOUT & RESTRUCTURING TEAM

The Workout & Restructuring (W&R) team is a specialist group within Credit Risk (CR) that maintains primary responsibility (i) for managing the firm’s distressed and defaulted credit positions to maximize recoveries, and (ii) evaluating and structuring new transactions with distressed counterparties. Principal offices are in New York, Salt Lake City, London and Frankfurt to ensure global coverage of the portfolio.  All major industries are represented, including consumer and retail, natural resources, financial services, TMT, and real estate.  All major business lines are in scope, including Investment Banking, Asset Management Division, Global Markets and Private Wealth Management.

Workout & Restructuring team members are generalists, and the successful candidate will have the opportunity to work on distressed restructurings/re-capitalizations across the capital structure in different geographies within EMEA/APAC and multiple industries. 

RESPONSIBILITES

• Represent Goldman in complex debt restructurings involving multiple stakeholders (creditors, sponsors, management teams, external advisors)
• Conduct in depth credit analysis including review of industry fundamentals, cashflows, qualitative factors and likelihood of default and formulate/recommend workout strategies to maximize recoveries
• Identify early warning signs when a credit starts showing sign of weakness and escalate them to senior leadership so that the firm can proactively take actions and mitigate downside risks, as appropriate
• Monitor the performance of counterparties in the distressed Watch List portfolio, including adherence to repayment terms and covenants
• Represent the team/firm in interactions with regulators and external auditors regarding names on watchlist, including provisioning levels and workout strategies
• Act as a mentor for junior members in the team. Develop and manage relationships with other areas of the firm, including Investment Banking/Capital Markets, Sales & Trading, Operations, Collateral Management, Legal, Compliance, Technology

EXPERIENCE & SKILLS REQUIRED

• Minimum of 8-10 years of experience managing/leading complex debt restructurings across the capital structure in various jurisdictions in EMEA/APAC

• Demonstrable track record over multiple years of independent decision making as well as the ability to work collaboratively in team settings.

• Advanced corporate finance, restructuring, and financial accounting skills

• Strong background in assessing legal documentation, including waivers, amendments, restructuring agreements, and related documents such as engagement letters for appointment of external advisors

• Ability to lead and motivate diverse deal teams, providing guidance to and supervision of junior members of the team.

• Ability to communicate with senior leadership within Goldman Sachs, both inside & outside of Credit risk.

• Strong academics, ideally with a master’s degree in finance, engineering, economics or other quantitative areas/subjects

• Excellent communications skills, including the ability to influence and build consensus

  
  

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

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