Associate with Goldman Sachs Bank USA in Chicago, IL.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Duties: Associate with Goldman Sachs Bank USA in Chicago, IL. 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. Specific responsibilities include: Evaluating new data sources, creating customer segmentation, and using advanced data processing techniques to drive pricing and targeting decisions. 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. Design, development, evaluation and monitoring of multi variate test and learn strategies that help influence customer decisions throughout the application funnel. 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. Monitoring and communication key metrics and KPI’s to cross functional teams and business leaders. Managing changes to the Offer optimization service (pricing engine) including working with product and tech teams to understand and capture downstream impacts of changes to ensure accurate pricing implementation. Setting up and monitoring end to end execution monitoring tool to mitigate operational risks.
Job Requirements: Master’s degree (U.S. or foreign equivalent) in Financial Mathematics, Applied Mathematics, Statistics, or a related quantitative field. Three (3) years of experience in the job offered or in a related data analytics position. Prior work experience must include three (3) years with: Utilizing hands-on experience with pricing, direct marketing, segmentation, and market research; Strategy experience in lending business/marketing analytics; Utilizing advanced statistical techniques and concepts including regression, properties of distributions, statistical tests and proper usage to design and evaluate pricing tests as well as models that predict price sensitivity; Working with large data sets and Big Data tools and stack including Hadoop; Modeling tools including R, Matlab, and SAS; Programming languages including SQL, Python, and Java; Demonstrating project management skills; Utilizing advanced excel skills to perform financial modeling; and Demonstrating business knowledge of Unsecured Personal Loans.
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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity