Ultra High Net Worth Credit Underwriter

Our Impact

Wealth Management 

Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

Goldman Sachs Private Bank

Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client’s wealth management goals.  Our experienced team partners with PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management.  Our lenders and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards.  All team members are employees of Goldman Sachs Bank, USA. 

Your Impact

The Underwriting Associate plays a critical role in supporting the Private Bank’s credit delivery model. Working closely with Senior Underwriters, Originators, Credit Executives, and Risk partners, the Associate is responsible for preparing underwriting analyses, drafting credit memos, legal document negotiation and coordinating transaction execution across a wide spectrum of lending solutions for ultra‑high‑net‑worth individuals, families, and family offices.

This role blends financial analysis, credit judgment development, and cross‑functional collaboration, providing a pathway to becoming a senior underwriter.

Key Responsibilities

Credit Analysis & Underwriting Support

• Prepare detailed financial, cash flow, collateral, and global exposure analysis to support loan structuring.
• Draft credit memos, including borrower profiles, financial summaries, collateral reviews, and risk considerations; present to capital committee in support of deals
• Conduct due diligence on clients, financial statements, asset holdings, trust structures, illiquid investments, and marketable securities portfolios.
• Support ongoing portfolio monitoring, including covenant tracking, liquidity reviews, and risk rating updates.

Transaction Execution

• Partner with Underwriters, Bankers, and Legal to collect documentation, resolve open items, and facilitate timely credit approval.
• Assist in the coordination of closing processes, internal approvals, and compliance checks.
• Proactively track workflow status and ensure accurate data entry into credit systems.

Risk & Governance

• Ensure adherence to internal credit policies, regulatory requirements, and audit standards.
• Identify data gaps or potential risk issues and escalate appropriately.
• Support periodic portfolio reviews and risk deep dives.

Collaboration & Communication

• Work with cross‑functional partners—including Capital Advisors, Investors, Trust & Estates, and Risk—to ensure cohesive credit execution.
• Prepare presentation materials, borrower analyses, and ad‑hoc reports for senior stakeholders.

Qualifications

Required

• 3–6 years of experience in credit analysis, corporate banking, underwriting, private banking, or related financial services.
• Strong financial statement, cash flow, and collateral analysis skills.
• Excellent written communication and attention to detail.
• Ability to handle multiple transactions in a fast‑paced, high‑volume environment.

Preferred

• Experience supporting UHNW or institutional‑level borrowers.
• Familiarity with securities‑based lending, corporate lending, real estate lending, or other asset‑based structures.
• Completion of a credit training program, CFA Level I, or similar.

Success Factors

• Strong analytical rigor and willingness to learn.
• Ability to collaborate effectively with partners within the Private Bank and more broadly across Goldman Sachs to deliver for clients of other firm divisions.
• Ownership mindset and accountability for quality and accuracy.
• Professional communication and client‑focused execution.

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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.