• CIMD - Marcus by Goldman Sachs - Pricing and Portfolio Management - Associate - New York City

    Location(s) US-NY-New York
    Job ID
    2019-55488
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Consumer Banking
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Loans Strategy & Analytics
    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

    The Pricing and Portfolio management team is responsible for managing the yield on the personal loans portfolio, optimizing business profitability, ensuring customer retention and incentivizing better payment behavior through promotional strategies. In this role (focused on Portfolio Management) you will be

    • Responsible for evaluating new data sources, creating customer segmentation, and using advanced data processing techniques to drive pricing and targeting decisions
    • Responsible for building models that help predict customer behavior at acquisition and customer payment behavior through the life of a loan which enables better targeting, increased conversion and improved retention
    • Responsible for the design, development, evaluation and monitoring of multi variate test and learn strategies that help influence customer decisions throughout the application funnel
    • Responsible for carrying out market competitor analysis to identify new product features/incentives that can drive customer acquisition/retention
    • Partner with Product Development, Engineering, Legal, Compliance, Brand and Design teams to develop new product features and test them in the market
    • Responsible for monitoring and communication key metrics and KPI’s to cross functional teams and business leaders

     

    Qualifications

    • 4-5 years of directly relevant experience
    • Advanced degree (Masters) in quantitative areas like Applied Math, Statistics, Engineering, Computer Science or related disciplines is preferred
    • Experience using statistical computer languages (R, Python, SQL, etc.) to manipulate data and draw insights from large data sets.
    • Experience with one or more modeling tools (R, Matlab, Octave, SPSS, SAS) and one or more mainstream programming language (Python, Java, C, Scala, C++, etc.).
    • Knowledge of advanced statistical techniques and concepts (regression, properties of distributions, statistical tests and proper usage, etc.) and experience with applications.
    • Advanced excel skills including financial modeling
    • Hands-on experience with customer segmentation, pricing, product development is strongly preferred
    • Prior strategy experience in banking is strongly preferred.
    • Strong project management skills.
    • Experience working in a start-up business is preferred.

     

    Skills

    • Self-directed team player, ability to drive high performance and work independently or in a team-oriented and fast paced environment
    • Excellent communication and interpersonal skills
    • Good analytical and problem solving skills
    • Ability to manage change

    ABOUT GOLDMAN SACHS

    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.

     

    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.