Duties: Associate-Finance with Goldman Sachs Bank USA in New York, NY. Perform statistically driven credit underwriting and risk analyses using a variety of analytical techniques and data sources for the development of consumer and small business acquisition strategies across accept/decline, pricing and term optimization. Develop best in class loss forecasting framework for consumer lending business of the Firm. Partner with marketing, finance and operations teams to ensure smooth execution and meeting all control requirements. Analyze credit bureau data to identify and derive attributes for credit risk decision. Build and optimize existing customer management strategies to improve customer level profitability. Ensure that all credit strategies align with the Firm’s Risk Appetite framework. Keep up to date with 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.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Job Requirements: Master’s degree (U.S. or equivalent) in Mathematics, Statistics, Economics, Engineering or a related field. Five (5) years of experience in the job offered or in a quantitative research position. Prior work experience must include: Building, improving, or analyzing risk management in a digital consumer or small business lending context; Utilizing knowledge of U.S. credit bureau data, Risk Scorecards and ability to pay quantification; Utilizing SAS, R, Python (or similar) for statistical modeling and analyzing 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; Experience developing policy and procedures documentation for credit risk strategy execution; Developing and automating quality control process to ensure intended execution of credit strategies; Prior work experience must include at least three (3) years of experience working for a financial service provider with a managed asset value of at least $1bn.
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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.
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