• CIMD - Marcus by Goldman Sachs – Strategic Engagements, Vendor Management – Associate – New York

    Location(s) US-NY-New York
    Job ID
    2020-59983
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Consumer Banking, General
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Strategic Engagements
    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

    Your Impact

    Strategic Engagements is responsible for sourcing, engaging and building upon third party relationships for Marcus across various business lines in an effort to generate bottom-line savings and accretive solutions. This team offers a unique opportunity to strategically guide third party engagements for a new consumer digital finance brand in the industry. As a member of the team, you will develop consumer finance industry knowledge at the vendor level, refine your risk management and contract negotiation skills and learn to manage third party risk for Goldman Sachs. Joining this team will give you the opportunity to shape the future state of the firm's innovative consumer-facing businesses while strengthening your knowledge of the industry.

     

    Job Responsibilities: 

    • Develop relationships with existing and potential third parties for the Marcus business
    • Negotiate terms and craft deals to bolster long-term relationships with existing and potential third parties of Marcus
    • Become a central point of contact for third party escalations
    • Partner with the Marcus business heads and relevant business units within the firm to source, onboard and offboard third party vendors, as appropriate
    • Share accretive solutions with colleagues to ensure effective economies of scale across our product lines
    • Establish and maintain standards and guidelines, including escalation procedures, consistent with regulatory guidelines related to vendor management 

    Basic Qualifications:

    • Bachelor's degree (U.S. or equivalent)
    • Previous sourcing, partnership / deal-making, vendor management, risk management and / or auditing experience preferred
    • Commercial negotiation experience with third parties
    • Exceptional written and oral communication skills with a proven ability to articulate complex ideas, express and defend a point of view, and influence outcomes
    • Ability to work with senior management and external partners

    Preferred Skills:

    • Ability to work independently, but still be a strong team player 
    • Experience managing several projects simultaneously
    • Detail oriented
    • Self-starter

    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., 2020. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.