Goldman Sachs

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.. Design, build and implement best-in-class credit loss and financial forecasting models and conduct in depth cost of credit analysis which includes losses, allowances (CECL), CCAR submissions and risk capital.. Partner with Risk 2nd line to drive Firm Wide Business planning as well as CCAR process in the areas of losses and CECL.. Experience building, improving, or analyzing risk management in a digital consumer or small business lending context especially in the areas of loss forecasting/modelling/CECL. Hands on experience in loss Forecasting, CCAR, CECL and Risk Capital

vice president

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 firm’s 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:
Marcus Portfolio Health, Analytics & Forecasting team builds forecasting models, analyzes variances and tracks key portfolio health metrics related to risk and returns for the consumer lending business at Goldman Sachs. We look for individuals with strong problem solving and analytical skills, innovative thinking and intellectual curiosity who want to make an immediate impact and help the business manage risk effectively.

Responsibilities:
Design, build and implement best-in-class credit loss and financial forecasting models and conduct in depth cost of credit analysis which includes losses, allowances (CECL), CCAR submissions and risk capital.
Understand nuances of different sub-portfolios within Marcus also including possible new partnerships and their impact to overall portfolio.
Partner with Risk 2nd line to drive Firm Wide Business planning as well as CCAR process in the areas of losses and CECL.

Collaborate with Finance, Marketing, Decision Science, Operations and Technology teams to understand customer lifecycle that covers targeting, underwriting, customer management and servicing of loans. Based on insights, monitor portfolio performance, profitability and identify areas of risks and opportunities

Build/modify risk appetite framework (RAF) and ensure that that the business is operating within the appropriate benchmarks. In this process, play a key role in understanding the impact of macroeconomic environment to business performance and determine the sensitivity to P&L based on macroeconomic stress as a part of long term strategic plan. Also study the competitive space, monitor key indicators compared to the industry and lead efforts to improve those within RAF.
Identify multitude of data sources and build processing capability to retain highest degree of information value which will help in daily monitoring of Portfolio Health. Build capability to process hundreds of attributes to run executive management reporting using weekly, monthly, quarterly or annual dashboards. Additionally, present the findings in a clear and concise manner which will be used both, for internal Board of Directors (BOD) meetings as well as external regulatory reporting.
Lead compliance and governance in the areas of Portfolio Health by fulfilling best-in-class requirements of model monitoring framework and documentation. Interact with group risk/corporate planning teams as well as model validation teams. Also help in communication with internal auditors and external regulators on a frequent basis
Requirements:
6+ years of experience working for a financial services company in risk management, technology or other quantitative function
Bachelors’ degree in Mathematics, Statistics, Economics, Engineering or a related field
Experience building, improving, or analyzing risk management in a digital consumer or small business lending context especially in the areas of loss forecasting/modelling/CECL
Experience managing several projects simultaneously and driving end-to-end project delivery
Hands-on experience with SAS/SQL, C++, Java, Python or an equivalent programming language in order to write queries, pull data and perform analysis
Exceptional written and oral communication skills with a proven ability to articulate complex ideas, express and defend a point of view, and influence outcomes
Preferred Qualifications:
8+ years of experience working for a financial services company in risk management, technology or other quantitative function
Hands on experience in loss Forecasting, CCAR, CECL and Risk Capital
Expert knowledge of U.S. credit bureau data and Risk Scorecards building infrastructure
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

© 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

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