Job Description
Platform Solutions
In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. PS is comprised of four main businesses, underpinned by engineering, operations, and risk management:
Transaction Banking , a cash management and payments platform for clients building a corporate treasury system
Enterprise Partnerships , consumer financial products that companies embed directly within their ecosystems to better serve their end customers
Merchant Point-of-Sale Lending , a platform that provides custom credit financing for home improvement merchants to offer directly to their customers
ETF Accelerator , a platform for clients to launch, list and manage exchange-traded funds
Join us on our journey to deliver financial products and platforms that prioritize the customer and developer experience.
YOUR IMPACT
In your role on the risk management team for the US-based partnership cards business, you will be responsible for the design, development and execution of a comprehensive solutions related to Collections strategy and supporting monitoring and analytics. The ideal candidate will be able to analyze key portfolio trends in area of Collections and build supporting analytics and strategies to optimize risk-return. The candidate must be able to collaborate and influence across divisions and have experience working with Credit Policy, Credit Forecasting, internal and external governance teams across the business including Customer Operations, Financial Crimes (AML), Compliance, Decision Sciences and Technology.
OUR IMPACT
The risk management function as a key foundational pillar of the business strives to service our customers and clients thru principles of responsible finance. The organization has a mandate to optimize the risk reward trade -offs while continuing to enhance the customer experience and services. The organization has end to end responsibility to manage the risk of the business, meet and exceed regulatory, control and governance expectations. All of this while continuing to strive and service the customers financial needs.
The function boasts of best-in-class talent that is diverse and inclusive. The function combines sophisticated data analytics, modelling, and engineering techniques with sound business analyses to drive key decisions and outcomes and help the business navigate thru economic credit cycle.
We excel in building platform capabilities, performing economic analytics to maximize risk reward trade-offs, developing best in class sophisticated models and strategies with advanced statistical techniques and creating business critical regulatory controls and governance processes while continuing to be part of progressive, responsible growth-oriented organization
JOB SUMMARY AND RESPONSIBILITIES
Manage collections risk strategy for multiple credit card products to minimize losses for the business with a focus on contact channels
Design and optimize alternate channel strategies for SMS, push notifications, chat, direct mail, website and app for all consumer products
Develop appropriate test, pilot, and roll-out decisions for new and changed strategies leveraging quantitative and qualitative decision-making
Build data-based decision-making for optimal risk strategies that maximize the net present value to the firm, focusing on reducing losses and operating expense, while maximizing customer value
PREFERRED QUALIFICATIONS
5+ years of prior experience working for a financial services company in risk management
Knowledge of collections and recoveries regulatory requirements
Proficiency in Pyspark, R or Python, SQL
Advanced analytical/quantitative and deductive reasoning skills
Ability to design, build out, and optimize channel marketing that both lower losses and maximize customer experience, while helping to build models that predict the effectiveness of individual channels
Ability to design risk-based segmentation to meet individual customer preferences for outbound and inbound communication
Experience in design and execution of a credit testing strategy, model implementation and risk-based scoring framework
Hands on, self-motivated, quick-learner, assertive and well organized
Attention to details and excellent oral and written communication skills
Flexibility and ability to manage multiple projects
Experience in stakeholder management
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 186+, 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 GS.com/careers .
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
Goldman Sachs is an equal employment/affirmative action employer
In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. PS is comprised of four main businesses, underpinned by engineering, operations, and risk management:
Transaction Banking , a cash management and payments platform for clients building a corporate treasury system
Enterprise Partnerships , consumer financial products that companies embed directly within their ecosystems to better serve their end customers
Merchant Point-of-Sale Lending , a platform that provides custom credit financing for home improvement merchants to offer directly to their customers
ETF Accelerator , a platform for clients to launch, list and manage exchange-traded funds
Join us on our journey to deliver financial products and platforms that prioritize the customer and developer experience.
YOUR IMPACT
In your role on the risk management team for the US-based partnership cards business, you will be responsible for the design, development and execution of a comprehensive solutions related to Collections strategy and supporting monitoring and analytics. The ideal candidate will be able to analyze key portfolio trends in area of Collections and build supporting analytics and strategies to optimize risk-return. The candidate must be able to collaborate and influence across divisions and have experience working with Credit Policy, Credit Forecasting, internal and external governance teams across the business including Customer Operations, Financial Crimes (AML), Compliance, Decision Sciences and Technology.
OUR IMPACT
The risk management function as a key foundational pillar of the business strives to service our customers and clients thru principles of responsible finance. The organization has a mandate to optimize the risk reward trade -offs while continuing to enhance the customer experience and services. The organization has end to end responsibility to manage the risk of the business, meet and exceed regulatory, control and governance expectations. All of this while continuing to strive and service the customers financial needs.
The function boasts of best-in-class talent that is diverse and inclusive. The function combines sophisticated data analytics, modelling, and engineering techniques with sound business analyses to drive key decisions and outcomes and help the business navigate thru economic credit cycle.
We excel in building platform capabilities, performing economic analytics to maximize risk reward trade-offs, developing best in class sophisticated models and strategies with advanced statistical techniques and creating business critical regulatory controls and governance processes while continuing to be part of progressive, responsible growth-oriented organization
JOB SUMMARY AND RESPONSIBILITIES
Manage collections risk strategy for multiple credit card products to minimize losses for the business with a focus on contact channels
Design and optimize alternate channel strategies for SMS, push notifications, chat, direct mail, website and app for all consumer products
Develop appropriate test, pilot, and roll-out decisions for new and changed strategies leveraging quantitative and qualitative decision-making
Build data-based decision-making for optimal risk strategies that maximize the net present value to the firm, focusing on reducing losses and operating expense, while maximizing customer value
PREFERRED QUALIFICATIONS
5+ years of prior experience working for a financial services company in risk management
Knowledge of collections and recoveries regulatory requirements
Proficiency in Pyspark, R or Python, SQL
Advanced analytical/quantitative and deductive reasoning skills
Ability to design, build out, and optimize channel marketing that both lower losses and maximize customer experience, while helping to build models that predict the effectiveness of individual channels
Ability to design risk-based segmentation to meet individual customer preferences for outbound and inbound communication
Experience in design and execution of a credit testing strategy, model implementation and risk-based scoring framework
Hands on, self-motivated, quick-learner, assertive and well organized
Attention to details and excellent oral and written communication skills
Flexibility and ability to manage multiple projects
Experience in stakeholder management
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 186+, 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 GS.com/careers .
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
Goldman Sachs is an equal employment/affirmative action employer
💡 Quick Summary
Seeking a career-building opportunity? The Platform Solutions | Consumer | Risk Collections Strategy | Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
