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Global Banking & Markets, Mortgages Structured Products, ABS Trading, Associate - New York

Goldman Sachs
New York, New York, United States
$150K-$225K a year
Full-time

The Consumer ABS Securities and Whole Loan Trading Desk (the Consumer ABS Desk ) with in Mortgages Structured Products Trading is seeking an Associate to contribute to the continued growth and success of the Consumer ABS business within Global Banking & Markets.

The Consumer ABS Desk purchases & aggregates consumer whole loans across major Consumer ABS verticals such as : Student Loans, Unsecured Consumer Lending, Credit Card Receivables, Auto Loans, Solar Loans, Home Improvement Loans, Equipment and Small Business Loans, and others with the intent of securitizing or selling those via Whole Loan Sale.

Candidates should eventually understand credit, interest rate, and market risk associated with various consumer loans In addition, candidates will interface with various clients including originators, buy side accounts, as well as GS personnel touching different areas of the consumer loan ecosystem.

The desk is looking for a candidate with :

  • 2-5 years of relevant industry experience within Structured Products, preferably within Consumer ABS or Residential Mortgages
  • Quantitative and technical skills with prior experience in secondary trading, investment banking, warehouse lending, or other related roles
  • Experience with IntexCalc and Bloomberg
  • Experience with Microsoft Office including Excel, Word, PowerPoint, Outlook

Candidate’s responsibilities may include, but not be limited to :

  • Pricing and trading whole loan portfolios
  • Managing daily Risk & P&L position of the desk
  • Managing daily funding and hedge positions of the desk
  • Working with different clients on various trading opportunities
  • Collaborating with different teams within GBM including but not limited to : Investment Banking, Structure Products Syndicate, and Structured Products Sales
  • Interfacing with teams within GBM that support the desk’s infrastructure such as Transaction Management, Trade Analytics, Asset Management as well as other Federation groups

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 / careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.

13 days ago
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