[New Job Opening] CWMD – Marcus by Goldman Sachs – Business Analyst – Associate – Bengaluru job Vacancy in Bengaluru, Karnataka

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CWMD – Marcus by Goldman Sachs – Business Analyst – Associate – Bengaluru
Bengaluru, Karnataka
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Description :
Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.
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 $90 billion in deposits, $7 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, 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
As a SQL/SAS analyst you will be supporting all of the Marcus Credit Card remediation team, interfacing with other functions leaders, supporting the business.
You will be responsible for overseeing the teams responsible for:
Analyze Business Requirements to create Test Strategies and Detailed Test Plans
Execute Test Scripts for newly developed functionality
Condition Test Accounts
Audit Unit and Business Test Plans and Results
Understand business requirements
Assess and identify risks with regard to testing
Escalate issues
Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills. Draws upon the analysis of others and makes recommendations that have a direct impact on the company
Furthermore, you will:
Work across Credit Card functions and support the online function from a risk and controls perspective
Establish and maintain a qualitative/quantitative business level operational risk appetite/tolerance with associated metrics, monitoring, triggers, escalation and mitigating actions
Implement, own and manage the implementation of the Operational Risk Management (ORM) Framework, including Risk and Control Self Assessments(RCSA), Risk Events and Key Risk Indicators (KRIs)
Conduct risk assessments of major business initiatives and ensure appropriate controls are implemented. Specifically executing the controls testing and monitoring framework – On the glass, Behind the glass, Contact center processes
Identify and/or resolve risk issues impacting the business, including conducting control reviews or gap analyses for existing processes, as needed
Liaise between the Business and Internal Audit for audits and tracking the resulting issues and action plans until effective closure
Liaise between the Business and Second-line Compliance functions for control assessments and tracking the resulting issues and action plans until effective closure
Review and analyze transactions and processes for compliance with regulatory requirements
Coordinate and collaborate with various functions / departments and project teams across multiple locations
Partner with other teams to develop and maintain relationships by engaging stakeholders to establish credibility, solve problems, build consensus and achieve objectives
Design/re-design for continuous improvement using Lean & Six Sigma principles & methods.
In order to be successful in this role you will be highly analytical with strong financial product acumen. You will also demonstrate:
Bachelor’s degree and/ or equivalent work experience
Relevant Financial sector experience
Relevant TSYS experience
Deep knowledge of process engineering, process design, risk and control monitoring, Workforce Management (WFM), Controls testing/ Quality Assurance (QA) and issue resolution in a financial services environment
Strong analytical skills
Strong verbal and written communication skills
Highly motivated, energetic, personable, thorough, detail oriented, and ability to multitask
Good problem-solving skills.
Experience writing and testing business requirements, Test Strategies and Test Plans
Knowledge of TSYS platform
Background in Quality Assurance/Quality Control a plus
Proficiency with Microsoft products, MS Word, MS Excel SQL and MS Power Point
Extremely detail-oriented and ability to prioritize and see tickets through to completion
Able to work in a fast-paced organization and meet deadlines
Ability to multi-task several initiatives concurrently
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
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