• CIMD - Marcus by Goldman Sachs - Credit Governance- Associate - New York City

    Location(s) US-NY-New York
    Job ID
    Schedule Type
    Full Time
    Consumer Banking
    Consumer and Investment Management Division
    Business Unit
    DigFin Project Credit Risk
    Employment Type

    Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.


    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, partners, and 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, Economics or a related field.
    • 3+ years of experience working for a financial services company in risk management, compliance, audit, operations or similar function
    • Building, improving, or analyzing risk management in a digital consumer or small business lending context
    • Strong 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 Lending 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 with credit decisioning and other workflow management systems

    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.


    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.