Asset & Wealth Management Overview
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3 trillion* in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients.
Fixed Income & Liquidity Solutions Overview
Fixed Income and Liquidity Solutions, within Public Investing, manages more than $1.7 trillion* in assets for a variety of clients, including private wealth mandates and institutional clients such as insurance companies, pension funds, and endowments. The team has a long history of investing across public fixed income strategies including rates, currency and credit on behalf of our clients. Investment ideas are created through collaboration between portfolio managers, research analysts, and traders.
Role Overview
The Leveraged Finance Credit Research Analyst role will be an integral part of GSAM's High Yield & Bank Loan investing team. The Analyst will be responsible for analyzing underlying sectors/sub-sectors, as well as individual credits operating within these sectors. Analyst duties will include performing sector and company due diligence, modeling company financials, and presenting high yield bond and leveraged loan recommendations to the team. Ongoing maintenance research will entail monitoring assigned coverage list credits and assessing risk vs return and relative value opportunities across a broad range of portfolios and credit strategies. A successful candidate must demonstrate commitment to a team-oriented culture and a strong enthusiasm for investment research. Strong financial modeling, communication and research skills, as well as an outstanding critical thinking mindset are key attributes needed to be successful.
Responsibilities
Establishing analytical frameworks to review sectors/industries
Performing ongoing due diligence, self-monitoring of portfolio positions and key credits, and pushing periodic updates in a timely fashion
Analyzing high yield and leveraged loan issuers across a range of sector/industries, via financial modeling, accounting review, interaction with management teams and sell-side analysts, and the assessment of company/management communications and third-party research
Assessing the relative value of high yield bond and leveraged loan investment opportunities through the analysis and interpretation of sector trends, market drivers, regulatory risks, issuer strengths/weaknesses, capital structure considerations, financial projections, comparative company analysis, and legal/covenant structure considerations
Recommending investments across a range of portfolios (e.g. differing risk appetites, restrictions on currencies/countries, ESG mandates, etc.) and updating/defending recommendations with Investment Committee team members across the globe through both oral and written research communications
Qualifications
2-4 years’ (Associate) / 5+ years’ (VP) experience in investment management or investment banking
Demonstrable interest in, and commitment to, investment research
Sound accounting background, strong financial modeling skills, and knowledge of capital structure
Strong social and communication skills (oral and written) and willingness to work in a team environment
Advanced qualifications – not required but a strong plus:
Prior High Yield and/or Leveraged Loan investing experience
Advanced credit analytical skills – including detailed covenant analysis
Stressed/distressed credit investing and workout experience
MBA and/or CFA study (any level)
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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