CWM - Marcus by Goldman Sachs - Underwriter, Analyst/Associate - Draper, UT

Location(s) US-UT-Draper
Job ID
Schedule Type
Full Time
Consumer Banking
Consumer and Wealth Management
Business Unit
Loans Credit Risk
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.



  • Decision lending applicants in issuance of originations and ongoing portfolio management actions, applicants will be small to medium businesses
  • Assess all aspects of the credit decision, including consumer and commercial bureaus and any financial documents received (including bank statements and business tax returns)
  • Execute and continuously improve end-to-end underwriting process and procedure in partnership with credit policy and credit operation team
  • Ensure compliance with all regulatory laws including exception tracking and reporting to Compliance or 2nd line of defense
  • Analyze credit bureau data to identify and derive attributes for credit risk decision to identify new opportunities for policy enhancements using either internal or external data
  • Detail underwriting analysis in a formal credit memorandum including, when applicable, Senior level executive approval
  • Work closely with business partners including Legal, Compliance and Business Risk
  • Own responsibility for credit-centric remediation and posting groups on continued progress
  • Build and optimize existing customer management strategies to improve loss targets
  • Keep up to date with applicable regulations and compliance requirements with possible interactions with internal and external regulators




Bachelor’s degree (US or foreign equivalent) in Business or STEM fields.




Two (2) years of experience in the job offered or in a similar role.

  • Using advanced Microsoft Office skills, specifically Excel (including creation of pivot tables, logic functions, data tables and regression analysis), PowerPoint and Word
  • Building, improving, or analyzing risk management strategies for an unsecured consumer or small business lending product
  • Utilizing knowledge of U.S. credit bureau data, risk scorecards and debt service coverage ratios
  • Managing several projects simultaneously and driving end-to-end project delivery
  • Experience building credit strategy for digital acquisition channels
  • Visualizing complex data analyses and communicating to a wide variety of audiences, including senior leadership
  • Developing policy and procedures documentation for credit risk strategy execution
  • Developing and automating quality control process to ensure intended execution of credit strategies
  • Fair understanding of income and debt relationship in the context of credit underwriting that includes but not limited to design income verification requirements
  • Continue professional development or training in areas specialized in Underwriting



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

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

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