• CIMD - Marcus by Goldman Sachs - Recovery Strategy - Associate - Richardson, TX

    Location(s) US-TX-Richardson
    Job ID
    2019-55241
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Consumer Banking
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Customer Acquisition
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    CONSUMER (MARCUS BY GOLDMAN SACHS)

    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.

    RESPONSIBILITIES AND QUALIFICATIONS

    Job Summary & Responsibilities
    • You will be part of the risk function for the business: including building the post charge-off recovery strategies for contractual and specialty segments, developing new channel opportunities and enhancing customer assistance programs
    • You will be involved in forecasting post charge-off recovery dollars based on internally observed performance and participate in budgeting and planning sessions
    • You will create and own critical performance reporting for executive leadership teams, proactively identify opportunities for continuous improvement and influence leadership on the value of various strategies
    • You will leverage frameworks to build a testing agenda that improves customer segmentation and behavior-based strategies
    • You will work closely with business partners, legal, compliance and data analytics to ensure new strategies are fully compliant and successfully monitored

     

    Basic Qualifications
    • Bachelor’s degree in a quantitative field (Mathematics, Statistics, Economics, Engineering etc.)
    • At least 4 years of experience in loss mitigation strategy and analytics

    • At least 2 years of experience in recovery strategy and analytics
    • At least 2 year of experience with KnowledgeSeeker, SAS Enterprise Miner or similar statistical software products
    • At least 2 years of experience coding in SQL and proficiency in extracting data from RDBMS databases
    • Experience in building and executing strategic testing agenda including authoring credit decisions
    • Hands-on experience with regression modeling including linear and logistic regression
    • Ability to explain data analysis to drive business ideas and outcomes
    • Strong project and reputational risk management skills
    • Must be self-directed, detail oriented, driven, able to work independently in a team-oriented and fast -paced environment

     

    Preferred Qualifications
    • Experience with multiple consumer loan products with at least 1 year of experience in unsecured installment loans
    • Experience in building post charge-off recovery strategies
    • Experience in designing and conducting statistically sound tests through robust design of experiments
    • At least 2 year of experience coding in Python or R
    • Experience and/or knowledge in machine learning algorithms (Random Forest, KNN, SVM, Gradient Boosting Algorithms etc.) is a plus
    • Experience designing and building digital collections solutions and strategies is a plus

     

    CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

    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

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