Risk, Credit Risk, Private Wealth Management, Vice President (m|f|x) Warsaw

RISK

Our Risk division develops 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 carry out 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 to success.

Team & Role Overview

: Would you like to play a central role in Goldman Sachs’ risk management framework? We are seeking a highly motivated individual capable of conducting credit risk analysis based on a thorough understanding of credit fundamentals and the risks associated with Private Wealth lending and derivatives products. You will play a key role in the credit risk management function supporting the EMEA Private Wealth team.

Credit Risk, a department within the Risk business, works closely with Asset and Wealth Management, Global Banking and Markets, and other functions of the control businesses to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients’ credit fundamentals, credit risk mitigants, and lending and trading products to determine the acceptable level of the firm’s risk appetite. With a staff of approximately 350 professionals, Credit Risk operates through 10 different offices around the world and is organized into various industry groups, including Corporates, Funds, Financial Institutions, Asset Financing, and Private Client. Credit Risk offers a unique opportunity to develop a wide range of professional skills and expertise in risk management while working on financial transactions.

The role can be based in either our Warsaw or Frankfurt office, where the Credit Risk team is divided into:

Private Clients Coverage (Private Bank lending, margined counterparty risk—including derivatives and related products—and portfolio coverage responsibilities)

Corporates Coverage (TMT, Consumer, Retail, Healthcare, Diversified Industrials, Natural Resources, Real Estate)

Funds Coverage (Mutual Funds, Hedge Funds, Pension Funds, Private Equity Funds)

Financial Institutions Coverage (Banks, Broker-Dealers, Insurers, Asset Managers, Non-Banking Financial Institutions, Sovereign-Related Entities)

Product Analysis and Control Team (Macro and Micro Products, Franchise and Prime Products with a particular focus on Derivatives)

Tasks

• Assess the credit and financial strength of the firm’s private client borrowers and risk counterparties by performing fundamental credit analysis using both quantitative and qualitative factors.
• Review private client lending transactions, determine their alignment with the firm’s risk appetite, and approve counterparty risk ratings, having developed an independent assessment of the financial information, collateral terms, and key documentation protections proposed.
• Support senior credit team members in reviewing and escalating large lending transactions, including those requiring approval by the capital committee. Participate in business selection committee meetings.
• Coordinate closely with junior team members on transactions, client margin terms, product risk analysis, and new policy/product initiatives.
• Coordinate with PWM business teams, PWM Legal, Operations, and Compliance departments to approve derivatives transactions, margin terms, and exceptions, and ensure appropriate documentation, limits, and risk mitigants are in place to protect against counterparty default and minimize potential losses.
• Analyze the risks inherent in the products GS trades, including lending, trading, and derivative products.
• Conduct regular portfolio reviews and industry exposure reviews.

Profile / Your qualification / Your personality

Experience Required

• A minimum of 8 years of credit risk management experience, with a solid background in private client credit risk.
• Significant experience with private banking and private client credit products, including margin lending, mortgages, structured loans, and derivatives.
• A demonstrable track record of independent decision-making and the ability to lead client and business negotiations.
• Strong skills in legal documentation (loans and/or derivatives), analysis, presentation, and communication are required.
• Must be able to lead and motivate a dedicated and diverse deal team, providing guidance and supervision to junior team members.
• Must be able to communicate with the most senior levels within GS, both within and outside of Credit Risk.

COMPETENCIES

• Technical Skills - Demonstrates the strong technical skills required for the role, pays attention to detail, takes the initiative to expand his or her knowledge, and demonstrates appropriate financial and analytical skills
• Drive and Motivation - Successfully manages multiple tasks, takes the initiative to improve his or her own performance, works intensely toward challenging goals, and persists in the face of obstacles or setbacks
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with internal clients, helps clients identify and define their needs, and manages business expectations regarding risk situations.
• Teamwork – Demonstrates the characteristics of a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute, and acknowledges others’ contributions.
• Communication Skills – Communicates what is relevant and important in a clear and concise manner, shares information and new ideas with others, and demonstrates sound judgment in escalating issues as appropriate
• Judgment and Problem Solving – Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
• Creativity/Innovation - Seeks new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value

That awaits you

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

We believe that 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 that every individual within our firm has a range 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.

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Location

Spire Plac Europejski 1, PL-00-844 Warsaw