Job Description

PLATFORM SOLUTIONS

In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. Join us on our journey to deliver financial products and platforms that prioritize the customer and developer experience.

AND RESPONSIBILITIES

The Credit Risk Strategy team develops, implements and maintains the underwriting strategy as well as customer management strategies for the consumer lending business at Goldman Sachs. We leverage traditional, alternative and behavioral data to create an underwriting policy that helps ensure risk-adjusted returns. We work extensively with the marketing, decision sciences, product and technology teams to help create a product and experience that puts the customer at the center. We are looking for individuals with strong problem solving and analytical skills, innovative thinking and intellectual curiosity who want to make an immediate impact on the credit strategy and help the business manage risk effectively. Your Impact Are you passionate about analyzing data, finding insights and using that to build new strategies? We’re looking for a professional to join our Credit Risk Strategy team who wants to use their skills and ideas to build the credit strategy for a digital consumer lending business at Goldman Sachs. Job Summary

• Build new and optimize existing customer management strategies to improve customer level profitability
• Analyze data (e.g. traditional and alternative bureau, behavioral & macroeconomic data) using statistical tools and analytical techniques to generate insights and optimize credit decisions (accept/ decline, pricing and credit line)
• Partner with marketing, finance, engineering and operations teams to ensure appropriate execution of credit policy requirements
• Analyze and evaluate potential vendors/data providers for incremental value in credit management strategies in a continuous improvement environment
• Keep up to date on applicable regulations and compliance requirements by interacting with internal and external regulators
• Create strong risk management and control culture to ensure ongoing compliance with regulatory and policy requirements
• Develop analytical reports and presentations for senior management, executive committees and regulatory exam
• Communicate effectively and clearly with senior leadership as well as junior analysts and external partners

REQUIREMENTS

• Bachelor’s (Master’s preferred) degree (U.S. or equivalent) in Mathematics, Statistics, Economics, Engineering or a related field
• 8+ years of relevant industry experience (preferably in a portfolio of large-scale accounts)
• Comprehensive knowledge of credit risk strategies for customer management policy
• Experience in design and implementation of credit risk policies driving profitability and analyzing portfolio health
• Experience in design and execution of a credit testing strategy utilizing risk models and decision tree frameworks
• Industry knowledge of how payments work, recession management frameworks, monitor competitive intelligence and drive product innovation

Prior work experience must include:

• Working with U.S. Credit bureau data, Risk Scorecards, lending product financials especially P&L management for line management and account management programs
• Developing comprehensive risk management reports and visualizing complex data analyses and communicating to a wide variety of audiences
• Overseeing multiple projects concurrently and driving end-to-end project delivery
• Developing policy and procedures documentation for credit risk strategy execution
• Developing and automating quality control processes to ensure intended execution of credit strategies
• Hands-on experience with SAS, R, Python (or similar database query language) for extracting data from large datasets, statistical modeling and analyzing time-series data
• Expertise with Microsoft Office (Excel, PowerPoint and Word)

LOCATIONS

Wilmington, DE; Salt Lake City, UT; New York, NY

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., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.