CIMD - Marcus by Goldman Sachs - Fraud Risk Strategy - Associate- Richardson, TX

Location(s) US-TX-Richardson
Job ID
Schedule Type
Full Time
Consumer Banking, Risk Management
Consumer and Wealth Management
Business Unit
DigFin Risk,Fraud,Collections
Employment Type


Consumer and Investment Management (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.


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 $90 billion in deposits, $7 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.


Within Marcus, this role is in Account Takeover Fraud Strategy team. The team is responsible for preventing Account Takeover losses across product lines. This involves analyzing & understanding Account Takeover fraud losses and consequently strengthening our authentication controls while ensuring superior customer experience. Ultimately, team’s goal is to prevent fraudsters from being able to impersonate the customer.


Your Impact

In your role on the Fraud Strategy team for the US-based consumer businesses, you will be responsible for the design, development and execution of a comprehensive fraud strategy and supporting analytics and management reporting. The ideal candidate will be able to analyze fraud trends, develop fraud strategies and implement the fraud rules needed to address current as well as evolving fraud threats. In addition, the candidate should be able to work with engineering team to design and implement new fraud capabilities. Ideal candidates will have expertise in and passion for fraud prevention, as well as a passion for using innovative technology-driven solutions to provide world class customer experiences within the established risk thresholds of the business, and experience leveraging multiple disparate data sources in an integrated decision engine in order to make real time decisions. The candidate must be able to collaborate and influence across divisions to deliver enterprise fraud initiatives and have experience working with internal and external governance teams across the business including Customer Operations, Financial Crimes (AML), Compliance, Decision Sciences and Technology.

Job Summary and Responsibilities

  • Use a data-driven approach to develop and design fraud solutions
  • Working as a product owner for developing fraud solutions and capabilities
  • Review, evaluate and drive selection of new vendors or technologies to enhance the fraud strategy and mitigate emerging risks
  • Execute changes to the fraud strategy (requires proficiency in Java, R, Python or similar languages)
  • Establish the appropriate analytical environment and reporting to ensure comprehensive fraud coverage
  • Work directly with the Customer Operations leadership team responsible for execution of the fraud strategy
  • Research and remain current on the latest industry fraud trends and recommend tools, services, and practices for improvement
  • Identify and develop process improvements/automation to maximize efficiency of fraud detection activities as required
  • Manage team members with training and development
  • Obtain approval for implementation of changes to the Fraud Strategy

Preferred Skills

  • 4+ years of prior experience working in data science/strategy roles
  • Proficiency in Java, R or Python, SQL
  • Previous product development experience
  • Advanced analytical/quantitative and deductive reasoning skills
  • Hands on, self-motivated, quick-learner, assertive and well organized
  • Ability to work independently, but still be a strong team player
  • Previous experience in automation, process optimization and increasing efficiency
  • Attention to details and excellent oral and written communication skills
  • Flexibility and ability to manage multiple projects
  • Decision sciences experience a plus
  • Experience with graph databases a plus
  • Big data experience a plus



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