JOB SUMMARY & RESPONSIBILITIES

YOUR IMPACT

Do you enjoy problem-solving, negotiating, and working in a fast-paced team?  We are seeking an Analyst to learn and apply strategic sourcing skills to optimize vendor spend across Consumer lines of business at Goldman Sachs. 

 

OUR IMPACT  

Platform Solutions (PS)

This position sits within Platform Solutions (PS), while also covering parts f Asset & Wealth Management (AWM). Platform Solutions, Goldman Sachs delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. Clients embed innovative financial products and solutions that create customer-centered experiences, powered by Goldman Sachs. The businesses of Platform Solutions share a developer-centric mindset and cloud-native platforms. We utilize financial products, including credit cards, installment financing and high yield savings accounts into the ecosystems of major brands to serve millions of loyal customers. We make it easy to offer a range of financial products powered by an API-first platform with the backing of Goldman Sachs' 150+ years of financial expertise. We offer a customized deployment approach while providing a modern, agile technology stack all supported by our long history of financial expertise, risk management and regulatory knowledge.

Consumer

The firm's Consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a startup with more than 150 years of experience. Today, we serve millions of customers across multiple products including deposits, financial tools, and our partnership with Apple on Apple Card and Apple Savings. We use innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity. As we build a leading digital consumer bank and expand into new products and partnerships, we are looking for leaders and individual contributors to join our team.

Strategic Engagement 

Strategic Engagement is responsible for sourcing and managing third party relationships for Consumer across all business lines in an effort to obtain the right products and services from the right vendors at optimal terms.  The team is focused on obtaining best value, minimal risk, and accretive solutions for our customers, the firm and Consumer. This team offers a unique opportunity to strategically guide third party engagements for one of the newest digital finance brands in the industry. On this team, you will develop sourcing subject matter expertise in one or more spend categories and will have a direct ability to optimize vendor spend and manage third party risk to make Consumer successful.

HOW YOU WILL FULFILL YOUR POTENTIAL 

Help lead vendor contract and commercial negotiations in one or more spend categories (e.g. operations, marketing, professional services, technology, platforms, or credit and fraud) across Consumer. This role will start with a focus on professional services and consulting.Act as a trusted business advisor to provide guidance on all vendor-related matters in your spend category, including sourcing strategy for single-source and RFX projectsWork collaboratively with internal subject matter experts across Legal, Compliance, Tech Risk, Tax, Finance, Firmwide Sourcing, and other areas as required to drive sourcing projects to completion and meet all internal governance requirementsRun RFIs / RFPs to evaluate and select vendors and products/services based on ability to meet requirements, total cost, risk, and commercial and legal terms Conduct analysis to model expected costs over the contract term and design the optimal commercial structure and use this analysis to make well informed decisions and recommendationsMaintain all documentation, management information, and data as required such as the sourcing project tracker and contract databaseManage spend tracking and invoicing systemsPrepare reports for Consumer / Firm management on overall service provider landscape / vendor management issues, including related risks and other metrics Help with stakeholder managements, both internal and external

 

WHERE WILL YOU MAKE AN IMPACT

Strategic Engagement supports the Consumer business across the US, UK, and India, and works in partnership with the firmwide strategic sourcing teams around the globe on deals with shared vendors. 

 

QUALIFICATIONS

SKILLS & EXPERIENCE WE’RE LOOKING FOR

Minimum Bachelor’s degree (U.S. or equivalent)Basic analytical, financial analysis, problem-solving, and project management skills preferred but not requiredHighly motivated and results orientatedSelf-directed team player, ability to drive high performance and work both independently and in a collaborative teamExcellent communication skills, both oral and writtenAbility to manage multiple projects and stakeholders simultaneously and prioritize accordinglyStrong sense of urgency and attention to detailAbility to work in a fast-paced environment and think clearly under pressureCommitment to excellence and a high level of integrityProficient use of Microsoft Office Suite to include Word, Excel, Outlook, and PowerPoint