Consumer Finance - Credit Governance - Associate - New York City



Consumer and Commercial Banking (CCBD)

Consumer and Commercial Banking brings innovative solutions to traditional banking activities. We are a global team of lenders, investors, risk managers, skilled marketers, web experts and banking specialists. We provide a suite of solutions to help our customers meet their personal financial goals. We make direct investments in, and risk manage, a portfolio of corporate loans and securities. And we help transform distressed communities through investments and loans of private capital.

Digital Finance Description

Digital Finance, a subdivision of CCBD, is composed of the firm's digitally-led consumer businesses which include the global online consumer deposits business and the US online consumer lending business, the firm's first-ever direct-to-consumer platform built from the ground up. Digital Finance combines the strength and heritage of a 149-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. This unique dynamic allows us to help our customers achieve financial progress through customizable solutions that are grounded in value, transparency and simplicity.

RESPONSIBILITIES AND QUALIFICATIONS

Job Responsibilities:

  • Help install comprehensive Governance framework across Risk organization (1st line of defense) for a key product line within Marcus by Goldman Sachs
  • Be the face of the Risk organization for internal and external audits/exams. Drive the communication flow, lead the preparation and coordinate the audits - all to drive to a successful outcome
  • Detect, research and analyze audit findings, set up mechanisms, work with credit policy & portfolio management for effective resolution
  • Spearhead the transformation of a modern control framework that maximizes efficiency and adherence by leveraging new-age technology, vendors, and partners, and by setting up automated processes
  • Set up documentation standards
  • Coordinate with policy owners to maintain and archive policies, procedures, reports and other information in support of credit governance, internal controls, information security, audit and regulatory examinations.
  • Evaluate and help manage vendors/data providers for incremental value in credit management strategies in a continuous improvement environment
  • Keep up to date with applicable regulations and compliance requirements with possible interactions with internal and external regulators

Basic Qualifications:
  • Bachelor's degree (U.S. or equivalent) in Finance, Accounting, Mathematics, Statistics, Economics or a related field.
  • 3+ years of experience working for a financial services company in risk management, compliance, audit, operations or similar function
  • Experience building, improving, or analyzing risk management in a digital consumer or small business lending context
  • Superior Excel and Powerpoint skills
  • Functional knowledge of consumer loan processing systems
  • Managing several projects simultaneously and driving end-to-end project delivery
  • Strong knowledge of consumer ending regulations, credit policy and risk principles
  • 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:
  • Master's degree (U.S. or equivalent).
  • Experience using SAS, R, Python (or similar) for statistical analysis
  • Experience with credit decisioning and other workflow management systems


ABOUT GOLDMAN SACHS

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.

© The Goldman Sachs Group, Inc., 2018. All rights reserved
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.


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