Job Description

MORE ABOUT THIS JOB:

Consumer and Wealth Management (CWM)

Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world 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 consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.

Consumer

The firms Consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a startup with more than 150 years of experience. Today, we serve millions of customers across multiple products including lending, deposits, financial tools, and our partnership with Apple on Apple Card. We use innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity. As we build a leading digital consumer bank and expand into new products and partnerships, we are looking for leaders and individual contributors to join our team.

RESPONSIBILITIES AND QUALIFICATIONS:

Your Impact

As part of the central fraud team you will be responsible for the development of new strategies, business processes and solutions to prevent consumers from being victimized by fraud and protecting the firm from financial losses due to fraud. The role will involve working closely with product, technology and data science teams to develop solutions and improve the performance of the portfolio.

As part of this team you will be responsible for:

• Developing and executing strategies to identify and prevent fraud
• Performing portfolio risk trend analysis
• Developing reporting to support the management of the business
• Supporting operations teams to identify trends and opportunities for process improvements
• Working with technology team to find, develop and implement solutions

Basic Qualifications

• Bachelors degree in Mathematics, Statistics, Economics, Finance, Engineering or a related field.
• 2+ years of experience in fraud risk management with debit cards, prepaid cards, checking products
• Experience with using data science tools (Python, Spark preferred) to solve business problems.
• Good Process and Project Management Skills

Preferred Qualifications

• Experience building quantitative strategies for a consumer checking business
• Knowledge of fraud risk vendors and technology in consumer finance or digital services industry
• Experience with consumer banking authentication tools and methodologies
• Developed reporting and used data visualization to report on trends or analysis
• Familiar with digital payment channels like Zelle, Real Time Payments, Bill Pay, Remote Check Deposit
• Managed projects and worked with technology teams to implement solution

ABOUT GOLDMAN SACHS:

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.

Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity Goldman Sachs

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