Global Banking & Markets Operations - Loan Management, Letters of Credit,Associate, Dallas/New York
$80k - $135kGoldman Sachs
At Goldman Sachs, we connect people, capital and ideas to help solve problems
for our clients. We are a leading global financial services firm providing
investment banking, securities and investment management services to a
substantial and diversified client base that includes corporations, financial
institutions, governments and individuals. For us, it’s all about bringing
together people who are curious, collaborative and have the drive to make things
possible for our clients and communities. OUR IMPACT Investment Banking Operations is a dynamic, multi-faceted business that partners
with all parts of the firm to facilitate banking & financing capabilities to
clients around the world. In addition, IB Operations provide essential risk
management and control to preserve and enhance the firm’s assets and its
reputation. IB Agency is responsible for ensuring efficient and accurate
transaction processing across a broad range of products. Generally, the products
supported are complex instruments that require close alignment with the
business. IB Agency is at the forefront of shaping and driving change in the
industry with the ultimate aim of delivering greater accuracy, control and
efficiency for our clients and our business. The Letters of Credit servicing
team within IB Agency is responsible for the trade finance functions as Standby
Letter of Credit Issuer. YOUR IMPACT The Letters of Credit servicing team is seeking a standby letter of credit
professional who can effectively collaborate with multiple business desks,
internal and external legal counsels, as well as applicants and beneficiaries to
manage all stages of the transaction, and to mitigate risks associated with the
letter of credit product offering. This position requires the ability to handle
complex inquiries regarding standby letters of credit from our external clients
and internal business partners. Additionally, the individual we are seeking will
assist in strategic projects to enhance the product and platform. HOW YOU WILL FULFILL YOUR POTENTIAL * Review Credit Agreements and other deal documents to assist with the
structuring of our obligation as issuing bank
Review Letter of Credit drafts before they are shared with clients.
Review counter-Standby Letter of Credit drafts before they are shared with correspondent Banks.
Review communications with Correspondent Banks.
Manage communications with the different desks during the process of reviewing Letters of Credit.
* Review daily reports to ensure appropriate action has been taken if
applicable.
Review Letter of Credit Issuances processed by the Team.
Review Reg W and Reg O Checks , OFAC checks are performed by Processor prior to LC Issuance
Suggest process improvements.
Leverage your knowledge and expertise as a subject matter expert in all aspects of the business and to help train other colleagues, as needed SKILLS & EXPERIENCE WE’RE LOOKING FOR BASIC QUALIFICATIONS Bachelor's degree with financial services experience of more than 3 years
In-depth knowledge of ISP98/UCP 600
Ability to work in a fast paced environment with competing priorities
Excellent communication and client service skills
Strong organizational and analytical skills with a keen attention to detail
Proficiency using the Microsoft Office Suite in particular Excel and PowerPoint PREFERRED QUALIFICATIONS Experience in loan servicing or operations
Knowledge of URDG 758 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. We're committed to finding reasonable accommodations for candidates with special
needs or disabilities during our recruiting process. Learn
more:
[© The Goldman Sachs Group, Inc., 2025. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the
basis of race, color, religion, sex, national origin, age, veterans status,
disability, or any other characteristic protected by applicable law. SALARY RANGE
The expected base salary for this New York, New York, United States-based
position is [$80,000-$135,000]. 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
[
Vacancy posted 1 day ago
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