Asset & Wealth Management, Private Credit, Structured Corporate Credit, Vice President, New York

Job Description

Asset & Wealth Management: GOLDMAN SACHS ALTERNATIVES – Goldman Sachs Asset Management is one of the world’s leading asset managers with over $3 trillion in assets under supervision. As the 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.

GSAM invests both the firm’s own capital and capital raised from outside investors in corporate equity and debt, real estate equity and debt, asset-based equity and debt, growth equity and infrastructure assets world-wide. Our business operates on a global platform, and we are one of the largest managers of private capital globally.

GSAM Private Credit is one of the world’s largest alternative credit investing platforms with approximately $110bn of AUM and investment professionals based in the US, Europe, Asia and Australia. GSAM Private Credit is a dynamic platform with significant cross-pollination across strategies – Direct Lending (middle market and large cap performing credit), Hybrid Capital, Asset Finance, Structured Corporate Credit and IG Corporate and Infrastructure Credit.

STRUCTURED CORPORATE CREDIT

Structured Corporate Credit (“SCC”) is a growth area within Private Credit, focusing on financings backed by various forms of corporate credit support. SCC provides flexible funding solutions across the capital structure, engaging in a broad range of structured solutions as well as a wide range of asset classes, products, industries and sectors, including digital infrastructure, power, utilities and healthcare.

This is an opportunity to play an important role in the development and growth of our global structured corporate credit platform and to get exposure to a global team and its full spectrum of activities, which are varied and challenging. These encompass transaction origination, underwriting, structuring, risk management and execution. Combined with the small deal team sizes, the broad range of transaction structures and sectors in which we invest provide an extremely wide range of exposure and skill set development.

Client focus and creativity are the cornerstones of our business. We strive towards an entrepreneurial, flexible, and open culture, where we work collaboratively with teams across GSAM, as well as the broader Goldman Sachs franchise, on initiatives that further improve overall performance and enable us to anticipate our clients’ evolving needs. At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally.

Vice Presidents support the business by working as part of small deal teams responsible for identifying, conducting due diligence, structuring, executing, and monitoring investments. The broad range of transaction structures and sectors in which we invest give Vice Presidents a broad range of exposure and ample opportunities to develop their investment acumen. Vice Presidents are also responsible for the training and support of the junior team members, ensuring effective portfolio management, and collaborating with internal and external stakeholders. Given the growing nature of the investment strategy, Vice Presidents in Structured Corporate Credit form part of the core team from the start which results in a highly entrepreneurial and flat working environment and exciting career development opportunities.

Responsibilities

• Originating investment opportunities across the product suite of Structured Corporate Credit Credit via early engagement with relevant parties (e.g. borrowers, sponsors and advisors)
• Leading all aspects of due diligence, business analysis and structuring to develop and refine investment theses
• Driving key work streams in structuring, negotiating and documenting investments
• Communicating and defending investment theses to internal stakeholders and committees, including relevant Investment Committees
• Actively monitoring existing investments in the portfolio
• Involvement in internal fund management and investor communications
• Contributing to platform expansion and potentially the introduction of new investment strategies

Qualifications

• 6-7 years of investment banking, private credit or infrastructure experience
• Strong quantitative, financial modelling, analytical and problem-solving skills with a clear view to form independent judgements
• Passion for investing with specific interest in credit and structured products
• Excellent credit analysis, verbal and written communication skills
• Flexible and creative mindset; ability to analyze a variety of industries and businesses and capital structures
• Highly organized with exceptional attention to detail and excellent follow-through
• Ability to self-direct, analyze, evaluate and form independent judgments
• Ability to interact and build relationships with a wide variety of people

Salary Range

The expected base salary for this New York, New York, United States-based position is $150000-$300000. 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.