CWM - Marcus by Goldman Sachs - Consumer Transaction Fraud Strategy - Associate- Richardson, TX

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


Consumer and Wealth Management (CWM)

Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.



The firm’s Consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a startup with more than 150 years of experience. Today, we serve millions of customers across multiple products including lending, deposits, financial tools, and our partnership with Apple on Apple Card. We use innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity. As we build a leading digital consumer bank and expand into new products and partnerships, we are looking for leaders and individual contributors to join our team.


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



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

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