Credit Risk Strategy Associate

2 months ago

Wilmington, Delaware, United States Goldman Sachs Full time

POSITION OVERVIEW

The Consumer and Wealth Management (CWM) division at Goldman Sachs is dedicated to empowering clients globally to achieve their financial aspirations. Our wealth management services encompass financial planning, investment management, and banking solutions tailored for a diverse clientele, including high net worth individuals and corporate entities. Our consumer segment, represented by Marcus by Goldman Sachs, merges innovative digital solutions with over a century of financial expertise.

ROLE SUMMARY

The Credit Risk Strategy team is pivotal in shaping the underwriting framework and customer management approaches for our consumer lending operations. By harnessing a mix of traditional and alternative data, we establish underwriting policies that aim for optimal risk-adjusted returns. Collaboration with marketing, decision sciences, product, and technology teams is essential to ensure a customer-centric product experience.

KEY RESPONSIBILITIES

  • Formulate, execute, and refine credit underwriting strategies for digital lending offerings.
  • Conduct comprehensive data analysis utilizing statistical methodologies to derive insights that enhance credit decision-making processes.
  • Enhance customer management strategies to maximize profitability at the individual customer level.
  • Collaborate with cross-functional teams to ensure effective implementation of credit policy standards.
  • Evaluate potential data providers to enrich credit management strategies continuously.
  • Stay informed on regulatory requirements and engage with internal and external regulatory bodies as necessary.
  • Prepare analytical reports and presentations for senior leadership and regulatory assessments.

QUALIFICATIONS

  • A Bachelor’s degree in Mathematics, Statistics, Economics, Engineering, or a related discipline is required; a Master’s degree is preferred.
  • Minimum of 2 years of relevant experience for analysts and 5 years for associates in a quantitative research capacity.

DESIRED EXPERIENCE

  • Experience in risk management within digital consumer lending or related data-driven sectors.
  • Proficiency in U.S. credit bureau data and risk scorecard methodologies.
  • Expertise in statistical modeling using tools such as SAS, R, or Python.
  • Advanced skills in Microsoft Excel, including pivot tables and regression analysis, along with proficiency in PowerPoint and Word.
  • Ability to visualize complex data and communicate findings effectively to diverse audiences.
  • Experience in developing risk management reports using SQL or similar database query languages.
  • Proven ability to manage multiple projects and ensure timely delivery.
  • Experience in creating policy documentation for credit risk strategy implementation.
  • Ability to develop and automate quality control processes for credit strategy execution.

ABOUT GOLDMAN SACHS

Goldman Sachs is a premier global investment banking, securities, and investment management firm, dedicated to helping clients, shareholders, and communities thrive. We prioritize diversity and inclusion, ensuring that every individual has opportunities for professional and personal growth.

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