CIMD - Marcus by Goldman Sachs - Consumer Fraud 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.


Our Team

Fraud Strategy is a team of critical thinkers with groups across all areas of the firm who design and deliver industry-leading fraud solutions for the consumer businesses.  We report to the Chief Risk Officer of Consumer Digital Finance and interface heavily with the Marcus Businesses, Fraud Operations, Credit Risk Strategy, Collections Risk and Tech Risk functions. This is a high impact and fast paced role with an opportunity to develop baseline strategies for new business initiatives as well as optimize existing fraud programs.


Your Impact

In your role on the Fraud Strategy team for the Marcus Businesses, you will be responsible for driving new initiatives to enhance the fraud strategy as the business continues to rapidly evolve. The role requires a high degree of project management skills, ability to stay up to date with the latest business and fraud developments, as well as basic analytical skills.

The ideal candidate will have 2 - 5 years of experience in either fraud prevention or financial services. The candidate should be comfortable in taking ownership of large projects while coordinating with a multitude of stake-holders.  The candidate will need to be comfortable with driving new innovative technology/data driven fraud solutions within a start up like environment. The candidate must be able to collaborate across divisions to deliver enterprise fraud initiatives and ideally have some experience working with internal and external governance teams including Customer Operations, Financial Crimes (AML), Compliance, Decision Sciences and Technology.  



  • Drive new initiatives, collaborating across multiple functions to achieve enhanced fraud controls for both existing and new business lines
  • Take ownership over fraud capabilities and strategies for new products
  • Work directly with the Customer Operations and Fraud Investigations team responsible for execution of the fraud strategy
  • Use a data-driven approach to understand fraud risk and design effective Identity theft and other fraud prevention and treatment programs
  • Participate in product, product strategy, data architecture decisions and partner with technology teams
  • Research and remain current on the latest industry fraud trends and recommend tools, services and practices for improvement
  • Review, evaluate and drive selection of new vendors or technologies to enhance the fraud strategy and mitigate emerging risks
  • Concisely and effectively communicate to senior management


  • Bachelor’s (Master’s preferred) degree (U.S. or equivalent) with some preference for Economics, Finance/Accounting, Mathematics, Statistics, Engineering or a related field
  • 2+ years of experience in financial services or fraud prevention
  • 2+ years of experience in project management and driving initiatives with multiple stake holders with tangible results
  • Comfort with a startup like environment; with rapid developments and launch of new business lines
  • Experience with using advanced Microsoft Office skills, specifically Excel
  • Comfort in querying databases using SQL 
  • Proactive, flexible and ability to multi-task 
  • Ability to learn quickly and adapt to projects and deadlines
  • Strong communication skills, ability to create high impact power point decks


  • 3+ years of experience in financial services or fraud prevention (ideally both)
  • Strong SQL skills
  • Comfort with data science in Python/R
  • Experience in developing comprehensive risk management reports from large datasets
  • Experience with either small business lending or checking products



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