Asset & Wealth Management, Private Credit, Global Head of ESG, Vice President - New York
Apply NowCompany: The Goldman Sachs Group, Inc
Location: New York, NY 10025
Description:
Job Description
The AM Private Credit platform invests globally and across the capital structure, seeking to identify attractive risk-adjusted return opportunities across the credit spectrum. The group manages more than $130 billion across all aspects of Private Credit, including investment grade, senior, mezzanine, and hybrid capital,
climate transition, and asset backed finance solutions.
This role will support AM Private Credit's ESG efforts and serve as a liaison between the AM Private Sustainability & Impact team and the Credit business. This individual will work closely with Credit deal teams to implement the sustainability strategy for AM Private's Credit business, evaluate potential investments from an ESG perspective, ensure that the Credit business is kept up-to-date on ESG regulations that impact the business, and help with data collection efforts and ESG reporting to investors and regulators. The role will collaborate closely with the Credit deal teams, Sustainability & Impact (S&I) team, Fund & Information Management, Fund Managers, Legal, and Compliance.
Key Responsibilities:
Lead global strategy, product development, and ESG integration efforts
Own the development and execution of ESG strategy, processes, and governance across the $130B Private Credit global platform including investment grade, senior, mezzanine, hybrid capital, climate transition, and asset backed finance solutions
Manage sustainability components of product development from SFDR design and investor diligence to structuring, side letter negotiation, launch, and ongoing oversight in close partnership with the S&I team to ensure consistency across the platform and with firm clients
Oversee the ESG Integration across the entire Credit investment lifecycle, coordinating with sponsors, deal teams, clients, and internal teams to ensure best practices, commitments, regulations and overall expectations are met and delivered upon consistently, including full completion of IC Memos
Work with deal teams to conduct asset-level ESG diligence in line with the platform and individual fund commitments; serve as final sign off for transactions allocating to SFDR Article 8 Funds
Support the consistency of ESG integration, goals, and target setting across the alternatives business and the Firm by coordinating with the S&I team, other ESG Business Leads in various investment strategies, Executive Office, and other GS teams Value creation, regulatory reporting, training and client engagement efforts
Partner with portfolio companies within appropriate business units on setting and achieving ESG goals, sustainability linked loan KPIs, and progress targets
Manage platform-wide process rollout including ESG data collection via a third-party data platform, physical and transition climate risk assessments, SFDR Article 8 methodologies, ESG KPI benchmarking and more
Oversee client and regulatory reporting/requirements across SFDR, TCFD, UK Stewardship Code, UNPRI, etc.
Represent the global credit ESG practice to clients and on product roadshows in close partnership with ACF and the S&I team
Participate in industry initiatives and thought leadership to further ESG in the private markets and credit business (e.g., conferences)
Work with the AM Private Sustainability & Impact team and Sustainable Finance Group to identify and track investments that are in scope for the firm's $750bn target for sustainable investing, advising, and financing activity
Ensure the Credit business aligns with the division's Paris Alignment with Net Zero efforts and if appropriate, develops the roadmap required to track, integrate and report for investments
Qualifications:
8+ years of professional experience in the finance sector, preferably in a credit-oriented business
Demonstrated ability to build and integrate ESG tools and frameworks into the investing process with proven results
Strong communication skills and professional presence to engage with senior leaders and interface with clients
Deep understanding of sustainability approaches, frameworks, and reporting
Experience with key ESG standards including GRI, TCFD, UNPRI, SFDR, SASB, etc., preferred. Familiarity with carbon accounting and climate risk assessments a bonus
Detail-oriented and thorough
Bachelor's Degree in Economics, Business Administration, Finance, Accounting, Environmental Science, Engineering, Sustainability, or related field; Master's degree in related field preferred
The AM Private Credit platform invests globally and across the capital structure, seeking to identify attractive risk-adjusted return opportunities across the credit spectrum. The group manages more than $130 billion across all aspects of Private Credit, including investment grade, senior, mezzanine, and hybrid capital,
climate transition, and asset backed finance solutions.
This role will support AM Private Credit's ESG efforts and serve as a liaison between the AM Private Sustainability & Impact team and the Credit business. This individual will work closely with Credit deal teams to implement the sustainability strategy for AM Private's Credit business, evaluate potential investments from an ESG perspective, ensure that the Credit business is kept up-to-date on ESG regulations that impact the business, and help with data collection efforts and ESG reporting to investors and regulators. The role will collaborate closely with the Credit deal teams, Sustainability & Impact (S&I) team, Fund & Information Management, Fund Managers, Legal, and Compliance.
Key Responsibilities:
Lead global strategy, product development, and ESG integration efforts
Own the development and execution of ESG strategy, processes, and governance across the $130B Private Credit global platform including investment grade, senior, mezzanine, hybrid capital, climate transition, and asset backed finance solutions
Manage sustainability components of product development from SFDR design and investor diligence to structuring, side letter negotiation, launch, and ongoing oversight in close partnership with the S&I team to ensure consistency across the platform and with firm clients
Oversee the ESG Integration across the entire Credit investment lifecycle, coordinating with sponsors, deal teams, clients, and internal teams to ensure best practices, commitments, regulations and overall expectations are met and delivered upon consistently, including full completion of IC Memos
Work with deal teams to conduct asset-level ESG diligence in line with the platform and individual fund commitments; serve as final sign off for transactions allocating to SFDR Article 8 Funds
Support the consistency of ESG integration, goals, and target setting across the alternatives business and the Firm by coordinating with the S&I team, other ESG Business Leads in various investment strategies, Executive Office, and other GS teams Value creation, regulatory reporting, training and client engagement efforts
Partner with portfolio companies within appropriate business units on setting and achieving ESG goals, sustainability linked loan KPIs, and progress targets
Manage platform-wide process rollout including ESG data collection via a third-party data platform, physical and transition climate risk assessments, SFDR Article 8 methodologies, ESG KPI benchmarking and more
Oversee client and regulatory reporting/requirements across SFDR, TCFD, UK Stewardship Code, UNPRI, etc.
Represent the global credit ESG practice to clients and on product roadshows in close partnership with ACF and the S&I team
Participate in industry initiatives and thought leadership to further ESG in the private markets and credit business (e.g., conferences)
Work with the AM Private Sustainability & Impact team and Sustainable Finance Group to identify and track investments that are in scope for the firm's $750bn target for sustainable investing, advising, and financing activity
Ensure the Credit business aligns with the division's Paris Alignment with Net Zero efforts and if appropriate, develops the roadmap required to track, integrate and report for investments
Qualifications:
8+ years of professional experience in the finance sector, preferably in a credit-oriented business
Demonstrated ability to build and integrate ESG tools and frameworks into the investing process with proven results
Strong communication skills and professional presence to engage with senior leaders and interface with clients
Deep understanding of sustainability approaches, frameworks, and reporting
Experience with key ESG standards including GRI, TCFD, UNPRI, SFDR, SASB, etc., preferred. Familiarity with carbon accounting and climate risk assessments a bonus
Detail-oriented and thorough
Bachelor's Degree in Economics, Business Administration, Finance, Accounting, Environmental Science, Engineering, Sustainability, or related field; Master's degree in related field preferred