CIMD- Marcus by Goldman Sachs- Credit Risk- Vice President - New York City
South Richmond Hill,
: $175,340.00 - $175,340.00 /year *
: Executive Management
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CONSUMER. YOUR IMPACT. OUR IMPACT. HOW YOU WILL FULFILL YOUR POTENTIAL. ABOUT GOLDMAN SACHS CIMD- Marcus by Goldman Sachs- Credit Risk- Vice President - New York City. The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.. Consumer, externally known as Marcus by Goldman Sachs, is comprised of the firm's digitally-led consumer businesses, which include our deposits and lending businesses, as well as our personal financial management app, Clarity Money. Consumer combines the strength and heritage of a 150-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. Through the use of machine learning and intuitive design, we provide customers with powerful tools that are grounded in value, transparency and simplicity to help them make smarter decisions about their money.. RESPONSIBILITIES AND QUALIFICATIONS. Are you passionate about analyzing data, finding insights and using them to build strategies for an unsecured lending business? We're looking for a professional to join our Risk Management team who wants to use their expertise and ideas to build an end-to-end risk management program for a digital lending business at Marcus by Goldman Sachs.. The Credit Risk team develops, implements and maintains the underwriting strategy as well as customer management strategies for the lending business at Marcus by Goldman Sachs. We leverage traditional, alternative and behavioral data to create an underwriting policy that helps ensure risk-adjusted returns. We work together with data science, marketing, product and engineering teams to help create a product and experience that puts the customer at the center of everything we do.. We look for innovative thinkers with strong problem solving and analytical skills and intellectual curiosity, who want to make an immediate impact on the credit strategy design and help the business manage risk effectively.. Lead development, implementation and maintenance of credit underwriting strategy lending programs. Build and optimize existing customer management strategies for risk mitigation and improve customer level profitability. Design loss forecasting framework and partner with finance and marketing for short term and long term business planning for the responsible business line/ product. Partner with marketing, finance and operations teams to ensure adherence to risk appetite and credit risk management framework for appropriate risk adjusted returns. Analyze and evaluate potential vendors and data providers for incremental value in credit management strategies in a continuous improvement environment. Stay up-to-date on applicable regulations and compliance requirements with possible interactions with internal and external regulators. Develop analytical reports and presentations for senior management, executive committees and regulatory exams. Bachelor's (Master's preferred) degree (U.S. or equivalent) in Mathematics, Statistics, Economics, Engineering or a related field. 2+ years of hands on experience in the job offered or in a quantitative research position and additional 5+ years of leadership experience of directly managing or being responsible for a function or process with direct reports. Prior work experience must include. Building, improving or analyzing underwriting and Portfolio management strategies in consumer or small business lending. Utilizing knowledge of U.S. credit bureau data, business bureau data, risk scorecards. Analyzing cash flow, debt coverage ratios, and other financial metrics to assess credit risk. Familiarity with different consumer and small business lending practice in industry ranging from traditional banks to innovative fintech and relevant service providers. Deep understanding of analytics practice utilizing SAS, R, Python (or similar) for statistical modeling using large transactional and time series data. Using advanced Microsoft Office skills, specifically Excel (including creation of pivot tables, logic functions, data tables and regression analysis), PowerPoint and Word. Visualizing complex data analyses and communicating to a wide variety of audiences, including senior leadership. Developing comprehensive risk management reports using SQL or a similar database query language for extracting data from large datasets. Managing several projects simultaneously and driving end-to-end project delivery. Developing policy and procedures documentation for credit risk strategy execution. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.. At Goldman Sachs, we believe who you are makes you better at what you do. We seek out people with all types of skills, interests and expe... SKILLS & EXPERIENCE WE'RE LOOKING FOR Associated topics: cash, finance, financial, financial planning, financial services, fiscal, kpmg, revenue, tax, treasure