CWMD - Marcus by Goldman Sachs - Transaction Fraud - Senior Analyst - Bengaluru

Goldman Sachs (Bengaluru, KA, India) 19 hours ago

CWMD - Marcus by Goldman Sachs -Transaction Fraud (Credit ) -Analyst - Bengaluru


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.

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.

Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.

Digital Finance Description

Digital Finance, a subdivision of CCBD, is composed of the firm’s digitally-led consumer businesses which include the global online consumer deposits business and the US online consumer lending business, the firm’s first-ever direct-to-consumer platform built from the ground up. Digital Finance combines the strength and heritage of a 147-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. This unique dynamic allows us to help our customers achieve

financial progress through customizable solutions that are grounded in value, transparency and simplicity.

Your Impact

As part of the central fraud team you will be responsible for the development of new strategies, business processes and solutions to prevent consumers from being victimized by fraud and protecting the firm from financial losses due to fraud. The role will involve working closely with product, technology and data science teams to develop solutions and improve the performance of the portfolio.

As part of this team you will be responsible for:

  • Developing and executing strategies to identify and prevent fraud
  • Performing portfolio risk trend analysis
  • Developing reporting to support the management of the business
  • Supporting operations teams to identify trends and opportunities for process improvements
  • Working with technology team to find, develop and implement solutions

Basic Qualifications

  • Bachelor’s degree in Mathematics, Statistics, Economics, Finance, Engineering or a related field.
  • Experience with using data science tools (Python, Spark preferred) to solve business problems.

Preferred Qualifications

  • 1+ years of experience in fraud risk management with debit cards, prepaid cards, checking products
  • Experience building quantitative strategies for a consumer checking business
  • Knowledge of fraud risk vendors and technology in consumer finance or digital services industry
  • Familiar with digital payment channels like Zelle, Real Time Payments, Bill Pay, Remote Check Deposit
  • Developed reporting and used data visualization to report on trends or analysis
  • Familiar with Java and other programming languages and their capabilities
  • Managed projects and worked with technology teams to implement solution

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
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

© 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

CWMD - Marcus by Goldman Sachs - Transaction Fraud - Senior Analyst - Bengaluru

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