Realty Management Division - Due Diligence Collateral Management - Analyst - Bengaluru

  • Competitive
  • Bangalore, Karnataka, India Bangalore Karnataka IN
  • Permanent, Full time
  • Goldman Sachs International
  • 18 Jul 18 2018-07-18

Realty Management Division - Due Diligence Collateral Management - Analyst - Bengaluru

MORE ABOUT THIS JOB
ABOUT GOLDMAN SACHS

The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

BUSINESS UNIT OVERVIEW

Realty Management Division (RMD) primarily supports the Securities Division, Investment Banking Division, the Investment Management Division and the Merchant Banking Division within Goldman Sachs. RMD is responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisitions and sales/securitizations of residential loan portfolios, and ensuring completion of transaction closing requirements. Post trade RMD is responsible for the Asset management and facilitation of the portfolio's strategies including interacting with third party vendors to manage assets.

Goldman Sachs Private Limited, located in Bengaluru, India, is seeking a Collateral Management Analyst to support the Realty Management Division's Residential Mortgages Asset Management, Securities division's Mortgage Loan Trading Desk, and Investment Banking's Structured Finance groups.
The Due Diligence Collateral Analyst is responsible for reviewing collateral documentation to determine the current ownership status of an asset, assisting in due diligence for the acquisition of residential loan portfolios, facilitating the sale/securitization of assets, and conducting collateral reviews on Goldman Sachs' third-party vendor partners.

RESPONSIBILITIES AND QUALIFICATIONS
JOB RESPONSIBILITIES

  • Perform critical document reviews including title policies, modifications/CEMAs, security instruments, bailee letters, lost note affidavits, endorsement chains etc. for accuracy and compliance with loan and trade level requirements
  • Analyze property reports, vendor reports, custodian reports and images to identify assignment chain breaks or deficiencies
  • Determine and carry out curative measures required on identified deficiencies through issue resolutionPerform research to locate images or originals of collateral docs and route to the appropriate partyReview and analyze invoices and supporting information to ensure accurate billing for services by third party vendors
  • Analyze vendor reporting to identify trends, aging and deficiencies and facilitate escalation until issues are resolved; issue final reports identifying risk/significant issues, resolutions, financial impact, etc
  • Document and maintain quality notes and accurate summaries on all loan collateral reviews
  • Maintain accurate reporting of exceptions and reconcile data to maintain data integrity
  • Actively participate in system/technology related projects (e.g., assist IT/System Administration with design, analysis, testing, and implementation aspects of enhancements made to the system)
  • Support other departments with servicing related research (Reporting and Analytics, Asset Management, Repurchase Team, Transaction Management, and Trade Desk Support)
  • Ensure departmental and corporate guidelines are followed, and objectives are achieved
  • Communicate the firm's goals and objectives
  • Perform other duties as assigned

Requirements:
  • Independent thinker who will be proactive, aggressive and professional in dealing with internal/external Customers,third-party vendor partners, other RMD/RMAM departments, and senior managersKnowledge of
  • US mortgage collateral or custodial process is highly beneficial.
  • Capable of recommending modifications to existing policies/procedures to control risk and improve
  • performance/efficiencies
  • Strong ability to organize, analyze and interpret legal and compliance materials
  • Strong self-confidence, good judgment, and sound decision making and problem solving skills
  • Ability to handle a high-stress, fast-paced environment, and aggressive deadlines with minimum supervision;successfully meet established project requirements and deadlines
  • Ability to work independently and multi-task
  • Outstanding initiative and excellent communication/presentation skills (both verbal and written)
  • Possess strong organizational and detail-oriented skills
  • Advanced proficiencies in MS Excel, Word and Outlook


ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.