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.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
In your role on the risk management team for the US-based partnership cards business. You will be responsible for the development of new strategies, capabilities, business processes and solutions to prevent credit card customers from being victimized by fraud and protecting the firm from financial losses due to fraud. Your work impacts fraud loss number on P&L. The ideal candidate will be able to stay on top of fraud trends and develop fraud solutions needed to address current as well as evolving fraud threats. The candidate must be able to collaborate and influence across teams to deliver enterprise fraud initiatives and have experience working with Product, Strategy, Engineering, Decision Sciences, Legal, Compliance, Privacy and SIE.
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
Develop and execute strategies to detect and prevent fraud with focus leveraging data-driven methods
Optimize fraud strategy and capabilities to provide a best-in-class customer experience and drive business growth
Partner with Product, Engineering and SIE teams to enable fraud capabilities and upgrade our ecosystem with cutting-edge fraud defence tools
Explore the evolving product offers from external vendors and research industry practices to continuously enhance fraud capabilities and solutions
Being hands-on, and closely involve in end-to-end capability/product development process
Work with Legal, Compliance and Privacy to ensure appropriate governance on strategy
Establish and maintain comprehensive monitoring framework to stay on top of trend and generate insights to inform actions
Liaise with Operations teams to define effective and customer-friendly procedures leveraging advanced fraud capabilities and identify trends and opportunities for process improvements
BASIC QUALIFICATIONS
Bachelor’s degree in Engineering, Mathematics, Statistics or a related field
2+ years of experience in fraud risk management with financial products
Working experiences with data science tools (Python, Spark preferred)
Managed projects and worked with technology teams to implement solution
Ability to work independently, but still be a strong team player
Attention to details and excellent oral and written communication skills
PREFERRED QUALIFICATIONS
Advanced degree (Master or above) in Engineering, Mathematics, Statistics or a related field
Working knowledge of fraud risk vendors and technology in consumer finance or digital services industry
Product and/or program management experiences
ABOUT GOLDMAN SACHS
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.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
In your role on the risk management team for the US-based partnership cards business. You will be responsible for the development of new strategies, capabilities, business processes and solutions to prevent credit card customers from being victimized by fraud and protecting the firm from financial losses due to fraud. Your work impacts fraud loss number on P&L. The ideal candidate will be able to stay on top of fraud trends and develop fraud solutions needed to address current as well as evolving fraud threats. The candidate must be able to collaborate and influence across teams to deliver enterprise fraud initiatives and have experience working with Product, Strategy, Engineering, Decision Sciences, Legal, Compliance, Privacy and SIE.
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
Develop and execute strategies to detect and prevent fraud with focus leveraging data-driven methods
Optimize fraud strategy and capabilities to provide a best-in-class customer experience and drive business growth
Partner with Product, Engineering and SIE teams to enable fraud capabilities and upgrade our ecosystem with cutting-edge fraud defence tools
Explore the evolving product offers from external vendors and research industry practices to continuously enhance fraud capabilities and solutions
Being hands-on, and closely involve in end-to-end capability/product development process
Work with Legal, Compliance and Privacy to ensure appropriate governance on strategy
Establish and maintain comprehensive monitoring framework to stay on top of trend and generate insights to inform actions
Liaise with Operations teams to define effective and customer-friendly procedures leveraging advanced fraud capabilities and identify trends and opportunities for process improvements
BASIC QUALIFICATIONS
Bachelor’s degree in Engineering, Mathematics, Statistics or a related field
2+ years of experience in fraud risk management with financial products
Working experiences with data science tools (Python, Spark preferred)
Managed projects and worked with technology teams to implement solution
Ability to work independently, but still be a strong team player
Attention to details and excellent oral and written communication skills
PREFERRED QUALIFICATIONS
Advanced degree (Master or above) in Engineering, Mathematics, Statistics or a related field
Working knowledge of fraud risk vendors and technology in consumer finance or digital services industry
Product and/or program management experiences
ABOUT GOLDMAN SACHS
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 | Data Analytics | Associate position is now open for candidates interested in the Software Developer 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 Software Developer Jobs is a plus.
