Log In
Sign Up
Private Bank Underwriting and Portfolio Management (PB UPM), based in Dallas, TX, is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients. In this capacity, PB UPM assesses, underwrites, structures, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process on the PB UPM commercial real estate team includes a thorough analysis of the guarantorâs financial condition, assessment of the CRE securing the loan, identification of risks and mitigants, among other items. The most common loans underwritten by the PB UPM commercial real estate team include all types of CRE, but the team will also underwrite loans secured by GS and third-party private equity/hedge funds (including co-invest facilities), aircraft, fine art, hobby properties, private company stock, yachts, marketable securities, etc.
PB UPM also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. In addition, PB UPM participates in various business-related initiatives, such as new product development and systems/operational enhancements.
PB UPM is a part of GS Private Bank (PB), which is a business initiative of Goldman Sachs. PB UPM employees are employees of Goldman Sachs Bank USA.
This is a client facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
- Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
- Develop and maintain a thorough understanding of the product suite offered in Private Lending. Ensure consistency in the underwriting process and with the standards prescribed in the Product Lending Guides
- Document the loan structure and analysis for credit approval and file documentation purposes
- Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
- Confirm compliance with all covenant and collateral monitoring procedures
- Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
- Interact with banking regulators on an as needed basis. Provide other support of GS Bank USAâs loan portfolio as requested
- Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and GS Bank USA personnel
SKILLS & EXPERIENCE WE’RE LOOKING FOR
- A Bachelors degree or relevant experience
- CPA or CFA a plus
- Vice President 10+ years, Associate 5+ years of work experience in a financial field (mortgage or insurance underwriting is not relevant for this role)
- Relevant CRE work experience in commercial banking and/or private banking underwriting or credit roles
- Key skills include detailed knowledge of financial accounting, analysis, and modeling
- Excellent communication skills, both oral and written
- Strong project management, multi-tasking, and work organization skills
- Flexible, personable, confident, and self-motivated while focusing on being a team player
- Desire to be part of a dynamic and growing business
- No licensing required for this role
*This role is for a 2026 start date
Source: Goldman Sachs Career Page
