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Goldman Sachs & Co. Vice President - RISK5258206 in Dallas, Texas

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Vice President with Goldman Sachs & Co. LLC in Dallas, TX

RESPONSIBILITIES AND QUALIFICATIONS

Duties: Vice President with Goldman Sachs & Co. LLC in Dallas, TX. Vice President in Credit Risk Division, providing analytics support to loss forecasting models in consumer portfolios such as credit cards and other personal credit products. Partner with business units and broader Credit department to assess data availability, data sufficiency, and appropriate modelling approaches. Responsible for managing Model risk of Loss Forecasting models for the unsecured consumer lending products. Interact with model developers, model risk governance group, business risk teams, internal audit, and regulatory agencies when required. Leverage business/ product expertise to evaluate and effectively challenge the credit loss assumptions for benign and stress case scenarios, utilized in the credit policy development process at account acquisitions and account management. Gather and analyze portfolio and macro-economic data to determine potential impact on business performance and integrate the trends to the portfolio loss forecasts. Conduct independent validation and monitoring of portfolio and vintage level loan performance compared to projections. Establish baselines for strategies and tracks actual performance to expectations. Apply predictive models, third-party data and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight/loss estimates into portfolio risk. Collaborate with the line of business, Finance and Risk partners to assess and enhance operations processes related to Loss Forecasting activities for CCAR (Comprehensive Capital Analysis & Review) and CECL (Current Expected Credit Loss). Establish requirements for data maintenance and management and working with Technology on implementation. Create Management Loss Forecast 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. 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 findings in a timely and appropriate manner.

Job Requirements: Master’s degree (U.S. or foreign equivalent) in Mathematics, Statistics, Data Science, Analytics, Engineering with a focus on Mathematics and Statistics or a related field like Information Systems or Business Analytics and five (5) years of experience in the job offered or a related role. OR Bachelor’s degree (U.S. or foreign equivalent) in Mathematics, Statistics, Data Science, Analytics, Engineering with a focus on Mathematics and Statistics or a related field like Information Systems or Business Analytics and seven (7) years of experience in the job offered or a related role. Prior experience must include at least five (5) years of experience with: Working with loss forecasting process and models for unsecured consumer lending products such as Credit Cards or Personal Loans. Using data query tools such as SQL, SAS, R, or Python programming. Prior experience must include at least two (2) years of experience with: Building Credit Risk Underwriting strategy/policy using segmentation approaches including CHAID, decision trees and clustering. Documenting processes and models along with creating presentations detailing analysis performed within the financial industry. Regulatory requirements related to stress testing, loan loss reserve processes such as CCAR/CECL/IFRS/ALLL. Working with profit and Loss statements (P&Ls) including various revenue and loss drivers.

ABOUT GOLDMAN SACHS

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 1869, 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

© The Goldman Sachs Group, Inc., 2020. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Location(s)US-TX-Dallas

Job ID 2021-76208

Schedule Type Full Time

Function(s) Risk Management

RegionAmericas

Division Risk

Business UnitRisk Engineering

Employment Type Employee

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