Marcus by Goldman Sachs, Fraud Team Lead | Analyst | Richardson, TX
The Goldman Sachs Group, Richardson, TX, United States
MORE ABOUT THIS SKILLSET
Responsible for handling customer escalations related to Fraud and/or Dispute actions, processes, or follow ups.
As part of this role you will be managing the day-to-day activities of our Marcus specialists including providing direction to the team on productivity and SLAs, problem solving, setting timelines and applicable next steps. You will assist in educating our Fraud Investigators on identification and prevention of fraudulent activity. Our team works closely with Fraud Strategy, Operations, Technology, Compliance and Legal teams to develop processes and controls to help mitigate risk, increase operational efficiency and ensure positive customer experience.
DIVISIONS AND JOB FUNCTIONS
Marcus by Goldman Sachs
As the online consumer banking business of Goldman Sachs, Marcus operates as a digital bank, providing high-yield savings accounts and Certificates of Deposit (CDs) directly to individual consumers. Marcus combines Goldman Sachs' over 150 years of expertise with intuitive digital experiences, focusing on value, transparency, and simplicity for its millions of customers, and is recognized as the largest pure online bank, delivering a fully digital experience without physical branches.
ABOUT THE ROLE
Fraud Team Leads are responsible for leading a team of specialists and/or agents. You will be responsible for the day-to-day management of this team, development of its people, and take ownership of emerging fraud risks by quickly identifying risky behavior, working with key stakeholders, managing significant fraud events, and escalating when needed. The role requires a high degree of people management, emotional intelligence, analytical and project management skills, and the ability to stay up to date with the latest business developments and risks facing the industry. We review candidates for multiple Fraud teams including:
Fraud Detections
Fraud Investigations
Fraud Intelligence
Fraud Servicing
Responsibilities
Develop, gather, and track the team's performance using data and metrics to tell the story and show the value the team provides to the organization
Lead, coach, mentor, and champion team members to grow in their careers
Clearly define and communicate the prioritization of the day-to-day workload for the team
Ensure that the teams output meets data quality standards and coaches team members in this area as needed
Analyze data and leverage fraud tools to identify emerging risks, including but not limited to identity theft, credential stuffing attacks, fraud rings, and data compromise situations
Performs root cause analysis (RCA) following events and partner with key stakeholders to ensure necessary controls are in place
Leverage and enhance existing tools and processes to enable a more effective user-based threat detection and investigation program
Become a subject matter expert in the Fraud and Disputes policies and procedures at Marcus
Support and collaborate with Financial Crimes Compliance (FCC) and Cyber Security teams as needed
BASIC QUALIFICATIONS
Bachelor's Degree or equivalent combination of education and fraud experience
Minimum of 3-5 years of experience in financial services or related industries
Minimum of 1-3 years of people management experience with a proven track record of strong leadership skills
Ability to analyze data for patterns and trends and to take findings and communicate them in an effective manner
Ability to research and make appropriate decision regarding complex cases
Experience working in the Fraud Analytics or Investigations space within Financial Services industry
Experience with and comfortable in leading and developing a high functioning operational fraud team of 15+ agents
Able to hold oneself and others accountable, provide feedback, and have tough conversations when warranted
Experience working with various alerting and monitoring tools, navigating and reviewing system logs, and optimizing an existing process with automation
Understands what fraud typologies and industry best practices are in fraud prevention, detection and remediation spaces
Takes ownership by leveraging data to tell a story, developing remediation plans, and improving business processes
Able to think holistically, possess curiosity, and can articulate the tradeoff actions may have between risk and impact on the customer experience
Possess sound methodical judgment, can prioritize conflicting priorities, can derive solutions from ambiguity to meet deadlines, and is willing to take on ad-hoc projects
Possess strong communication skills and the ability to forge partnerships with internal stakeholders through collaboration
Able to challenge the status quo when appropriate to deliver solutions that protect Marcus and its customer
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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Responsible for handling customer escalations related to Fraud and/or Dispute actions, processes, or follow ups.
As part of this role you will be managing the day-to-day activities of our Marcus specialists including providing direction to the team on productivity and SLAs, problem solving, setting timelines and applicable next steps. You will assist in educating our Fraud Investigators on identification and prevention of fraudulent activity. Our team works closely with Fraud Strategy, Operations, Technology, Compliance and Legal teams to develop processes and controls to help mitigate risk, increase operational efficiency and ensure positive customer experience.
DIVISIONS AND JOB FUNCTIONS
Marcus by Goldman Sachs
As the online consumer banking business of Goldman Sachs, Marcus operates as a digital bank, providing high-yield savings accounts and Certificates of Deposit (CDs) directly to individual consumers. Marcus combines Goldman Sachs' over 150 years of expertise with intuitive digital experiences, focusing on value, transparency, and simplicity for its millions of customers, and is recognized as the largest pure online bank, delivering a fully digital experience without physical branches.
ABOUT THE ROLE
Fraud Team Leads are responsible for leading a team of specialists and/or agents. You will be responsible for the day-to-day management of this team, development of its people, and take ownership of emerging fraud risks by quickly identifying risky behavior, working with key stakeholders, managing significant fraud events, and escalating when needed. The role requires a high degree of people management, emotional intelligence, analytical and project management skills, and the ability to stay up to date with the latest business developments and risks facing the industry. We review candidates for multiple Fraud teams including:
Fraud Detections
Fraud Investigations
Fraud Intelligence
Fraud Servicing
Responsibilities
Develop, gather, and track the team's performance using data and metrics to tell the story and show the value the team provides to the organization
Lead, coach, mentor, and champion team members to grow in their careers
Clearly define and communicate the prioritization of the day-to-day workload for the team
Ensure that the teams output meets data quality standards and coaches team members in this area as needed
Analyze data and leverage fraud tools to identify emerging risks, including but not limited to identity theft, credential stuffing attacks, fraud rings, and data compromise situations
Performs root cause analysis (RCA) following events and partner with key stakeholders to ensure necessary controls are in place
Leverage and enhance existing tools and processes to enable a more effective user-based threat detection and investigation program
Become a subject matter expert in the Fraud and Disputes policies and procedures at Marcus
Support and collaborate with Financial Crimes Compliance (FCC) and Cyber Security teams as needed
BASIC QUALIFICATIONS
Bachelor's Degree or equivalent combination of education and fraud experience
Minimum of 3-5 years of experience in financial services or related industries
Minimum of 1-3 years of people management experience with a proven track record of strong leadership skills
Ability to analyze data for patterns and trends and to take findings and communicate them in an effective manner
Ability to research and make appropriate decision regarding complex cases
Experience working in the Fraud Analytics or Investigations space within Financial Services industry
Experience with and comfortable in leading and developing a high functioning operational fraud team of 15+ agents
Able to hold oneself and others accountable, provide feedback, and have tough conversations when warranted
Experience working with various alerting and monitoring tools, navigating and reviewing system logs, and optimizing an existing process with automation
Understands what fraud typologies and industry best practices are in fraud prevention, detection and remediation spaces
Takes ownership by leveraging data to tell a story, developing remediation plans, and improving business processes
Able to think holistically, possess curiosity, and can articulate the tradeoff actions may have between risk and impact on the customer experience
Possess sound methodical judgment, can prioritize conflicting priorities, can derive solutions from ambiguity to meet deadlines, and is willing to take on ad-hoc projects
Possess strong communication skills and the ability to forge partnerships with internal stakeholders through collaboration
Able to challenge the status quo when appropriate to deliver solutions that protect Marcus and its customer
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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