Global Banking & Markets - Trade Management (Collateral) - Associate

Division

The Loan Management group resides within the Global Banking and Markets segment and supports the Mortgage Trading Desk. Trade Management group within Loan Management is responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisition and sale/securitization of residential loan portfolios and ensuring completion of transaction closing requirements. Post trade settlement Loan management is also responsible for the asset management and facilitation of the portfolios strategies including interacting with third party vendors to manage assets.

The Collateral Analyst is responsible for reviewing collateral documentation for accuracy and adherence to requirements, assisting in due diligence for the acquisition and sale or securitization of residential loan portfolios and conducting collateral reviews on Goldman Sachs thirdparty vendor partners.

Responsibilities

Perform critical document reviews including Security instruments, Assignment of mortgages, title policies, modifications/CEMAs, 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
Ensuring loans are transferred (MERS/Assignment) to or from Goldman entity within stipulated me of trade settlement
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
Extensively work with different counter par es and custodian to clear any open exceptions/issues at loan level or deal level
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
Perform other duties as assigned
Requirements

Minimum of 3-7 years of experience in US residential mortgage collateral documents review.
Having post close loan review experience is highly beneficial.
Advanced proficiencies in MS Excel, Word and Outlook
Independent thinker and strong communicator who will be proactive, assertive and professional in dealing with internal/external stake holders, thirdparty vendor partners, other Loan Management departments, and senior managers
Knowledge of US mortgage collateral or custodial process with thorough knowledge of all collateral document requirements for private whole loan and GSE sales / purchases is highly beneficial
Strong verbal and written communications skills
Ability to handle a challenging, fastpaced environment and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines
Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies
Outstanding analytic, organization and project management skills
Selfconfidence, good judgment, sound decision making and problemsolving skills
Excellent decisionmaking and strong analytical skills
Strong organizational skills, attention on to detail and flexibility
Ensure that quality work product is maintained in a tradebased and me sensitive environment