insurance | CIMD - Consumer Finance Payment/Reward Fraud Strategy Analyst New York City/Richardson, TX in New York, NY

CIMD - Consumer Finance Payment/Reward Fraud Strategy Analyst New York City/Richardson, TX

  • Goldman Sachs USA
  • $148,333.33 - 148,333.33 / Year *
  • 172 W 104th St
  • New York, NY 10025
  • Full-Time
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MORE ABOUT THIS JOB Consumer and Investment Management (CIMD) The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives. Consumer Consumer, externally known as Marcus by Goldman Sachs, is comprised of the firm's digitally-led consumer businesses, which include our deposits and lending businesses, as well as our personal financial management app, Clarity Money. Consumer combines the strength and heritage of a 150-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. Through the use of machine learning and intuitive design, we provide customers with powerful tools that are grounded in value, transparency and simplicity to help them make smarter decisions about their money. RESPONSIBILITIES AND QUALIFICATIONS Your Impact In your role on the Fraud Strategy team for the US-based consumer businesses, you will be responsible for the design, development and execution of a comprehensive fraud strategy and supporting analytics and management reporting. The ideal candidate will be able to analyze fraud trends, develop fraud strategies and implement the fraud rules needed to address current as well as evolving fraud threats. Ideal candidates will have expertise in and passion for the prevention of both Application and Transaction fraud, as well as a passion for using innovative technology-driven solutions to provide world class customer experiences within the established risk thresholds of the business, and experience leveraging multiple disparate data sources in an integrated decision engine in order to make real time decisions on applicants and/or transactions. The candidate must be able to collaborate and influence across divisions to deliver enterprise fraud initiatives and have experience working with internal and external governance teams across the business including Customer Operations, Financial Crimes (AML), Compliance, Decision Sciences and Technology. Job Summary and Responsibilities Use a data-driven approach to understand fraud risk and design effective Application, Transaction and Payment Fraud prevention programs Obtain approval for implementation of changes to the Fraud Strategy Execute changes to the fraud strategy (requires proficiency in Java, R, Python or similar languages) Establish the appropriate analytical environment and reporting to ensure comprehensive fraud coverage Work directly with the Customer Operations leadership team responsible for execution of the fraud strategy Supervise high risk investigations on fraudulent applications and suspicious user activity and own strategy changes Research and remain current on the latest industry fraud trends and recommend tools, services, and practices for improvement Identify and develop process improvements/automation to maximize efficiency of fraud detection activities as required Review, evaluate and drive selection of new vendors or technologies to enhance the fraud strategy and mitigate emerging risks Preferred Skills Proficiency in Java, R or Python Proficient in SQL Previous experience building transaction fraud strategies Advanced analytical/quantitative and deductive reasoning skills Hands on, self-motivated, quick-learner, assertive and well organized Ability to work independently, but still be a strong team player Previous experience in automation, process optimization and increasing efficiency Attention to details and excellent oral and written communication skills Flexibility and ability to manage multiple projects Decision sciences experience a plus Experience with graph databases a plus Big data experience a plus ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. CIMD - Consumer Finance Payment/Reward Fraud Strategy Analyst New York City/Richardson, TX Associated topics: analyst, business analyst, business analytic, financial reporting analyst, forecasting, investment analyst, investment fund, law, monitor, regulation
Associated topics: analyse, analysis, analyst, business finance, financial analyst, guidance, inspect, investment banking, law, valuation analyst


* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.