Job Description
JOB TITLE AND JOB CODE (per HCM): VP
ENTITY: Goldman Sachs Bank
DIVISION: Risk Division
MANAGER’S NAME:
JOB LOCATION: Bengaluru
Job Description
We are seeking a VP level candidate to join the Credit Risk team focusing on unsecured consumer lending consumer assets, typical responsibilities and duties include the following:
• Partner with business units and broader Credit department to assess data availability, data sufficiency, and appropriate modelling approaches. (all encompassing)
• Evaluate/ challenge and approve usage for internal and external credit scoring models and/or financial forecasting models, built using both traditional and other advanced predictive technologies, segmentation and optimization tools.
• Specifically, review, effectively challenge the credit policy underwriting criteria developed using a multitude of complex time series data from credit bureaus and other vendors.
• Ensure adequate portfolio governance in establishing risk and resiliency levels including the design and development of a set of quantitative metrics with guardrails under which the credit policy and business strategies operate. Track the actual performance for these metrics against approved guardrails and provide updates to relevant governance committee and recommend change or remediation as appropriate.
• Initiate and conduct studies of customer groups and product types and develop statistical/financial models for projections (i.e. acquisition financial models, loss forecasts, capacity planning). Develop models for projections (e.g. delinquency and charge-offs, cost and profitability, credit limit setting, and other aspects of account management). Specifically, evaluate credit loss assumptions for benign and stress case scenarios used for valuation models at acquisitions, portfolio performance monitoring and conduct independent validation and monitoring of portfolio and vintage level loan performance compared to projections.
• Initiate and conduct complex research projects and/or statistical models in programs such as account acquisitions, account management, collections, fraud and operations. (all encompassing)
• Establish requirements for data maintenance and management and working with Technology on implementation. Create Management reporting using Tableau or other cutting-edge visual interface-based tools to monitor portfolio performance at portfolio segment (e.g., product, vintage, risk segment, score band, or marketing channel), vintage and account levels to identify positive and negative trends such as improved portfolio quality or heightened delinquencies and recommend strategy changes to the Business.
• Gathers and analyzes portfolio and macro-economic data to determine potential impact on business performance. Design and writes ad-hoc programs for statistical analysis of portfolio performance, conduct comprehensive analysis, summarize and present regularly to Executive Management.
• Develop/guide junior staff and work with cross functional teams to deliver the outcome.
• Be up to date on applicable regulations and compliance requirements in consumer finance with interactions and updates to internal and external regulators. (all encompassing)
• Adhere strictly to compliance and operational risk controls in accordance with company and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events. Address internal audit requirements and
ENTITY: Goldman Sachs Bank
DIVISION: Risk Division
MANAGER’S NAME:
JOB LOCATION: Bengaluru
Job Description
We are seeking a VP level candidate to join the Credit Risk team focusing on unsecured consumer lending consumer assets, typical responsibilities and duties include the following:
• Partner with business units and broader Credit department to assess data availability, data sufficiency, and appropriate modelling approaches. (all encompassing)
• Evaluate/ challenge and approve usage for internal and external credit scoring models and/or financial forecasting models, built using both traditional and other advanced predictive technologies, segmentation and optimization tools.
• Specifically, review, effectively challenge the credit policy underwriting criteria developed using a multitude of complex time series data from credit bureaus and other vendors.
• Ensure adequate portfolio governance in establishing risk and resiliency levels including the design and development of a set of quantitative metrics with guardrails under which the credit policy and business strategies operate. Track the actual performance for these metrics against approved guardrails and provide updates to relevant governance committee and recommend change or remediation as appropriate.
• Initiate and conduct studies of customer groups and product types and develop statistical/financial models for projections (i.e. acquisition financial models, loss forecasts, capacity planning). Develop models for projections (e.g. delinquency and charge-offs, cost and profitability, credit limit setting, and other aspects of account management). Specifically, evaluate credit loss assumptions for benign and stress case scenarios used for valuation models at acquisitions, portfolio performance monitoring and conduct independent validation and monitoring of portfolio and vintage level loan performance compared to projections.
• Initiate and conduct complex research projects and/or statistical models in programs such as account acquisitions, account management, collections, fraud and operations. (all encompassing)
• Establish requirements for data maintenance and management and working with Technology on implementation. Create Management reporting using Tableau or other cutting-edge visual interface-based tools to monitor portfolio performance at portfolio segment (e.g., product, vintage, risk segment, score band, or marketing channel), vintage and account levels to identify positive and negative trends such as improved portfolio quality or heightened delinquencies and recommend strategy changes to the Business.
• Gathers and analyzes portfolio and macro-economic data to determine potential impact on business performance. Design and writes ad-hoc programs for statistical analysis of portfolio performance, conduct comprehensive analysis, summarize and present regularly to Executive Management.
• Develop/guide junior staff and work with cross functional teams to deliver the outcome.
• Be up to date on applicable regulations and compliance requirements in consumer finance with interactions and updates to internal and external regulators. (all encompassing)
• Adhere strictly to compliance and operational risk controls in accordance with company and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events. Address internal audit requirements and
💡 Quick Summary
Seeking a career-building opportunity? The Risk | Credit Risk | 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.
