Senior Director, Credit Risk
About The Position
As Marqeta's Senior Director, Credit Risk, you will lead the underwriting team and develop and design strategies to launch and scale successful credit programs. This foundational role will scale Marqeta's credit underwriting organization, building on its progress and establishing the company as a disruptive force in credit. You will mentor and develop a high-performing team of credit risk professionals and drive innovation in credit strategies and underwriting models. As Marqeta's head of underwriting and credit risk strategy, you will represent the company with customers and partners. You will work closely with Product, Risk Operations and Servicing, Finance, and Data, while building strong relationships with external bank partners and customers. The role is Flex First and can be performed remotely anywhere in the United States or from Marqeta's headquarters in Oakland, California. The position offers a leadership track with potential to advance to VP and beyond as the organization scales.
Requirements
- 12–15+ years of experience in credit underwriting at major banks, with expertise in underwriting and portfolio performance management.
- Bachelor's degree or equivalent in Finance, Business, Accounting, Economics, Statistics, Mathematics, or a similar field.
- Proven track record across co-brand credit programs, subprime lending, consumer credit cards, and commercial credit cards.
- Expertise in Excel and SQL modeling, plus strong programming and data analytics experience in R or Python.
- Exceptional communication skills and ability to represent Marqeta credibly with senior executives, customers, and partners.
- Ability to work in a fast-paced, dynamic environment and adapt to changing priorities.
- Strong desire to build and scale a transformative credit organization.
- Belief in Marqeta's vision and opportunity to build a differentiated credit business.
Nice To Haves
- Ph.D. in Statistics, Mathematics, or another quantitative field; an advanced statistical background is strongly preferred.
- Experience in capital markets, including ABS, securitization, and warehouse lines, and in fraud management.
Responsibilities
- Scale and lead Marqeta's credit organization.
- Mentor, guide, and develop a high-performing team expected to grow from 2 to more than 10 professionals over the next 1–2 years.
- Oversee portfolio performance and account management across consumer and commercial credit programs.
- Build, review, and refine consumer and commercial underwriting models using statistical modeling and data science.
- Monitor and adjust credit policies based on portfolio performance and risk trends across portfolio types and risk segments.
- Establish credit strategies for co-brand, consumer, and commercial credit card programs that drive approval rates, new accounts, loss rate, and profit margin.
- Enhance underwriting and risk documentation; work with bank partners on model validation and governance; and report KPIs to senior management and external stakeholders.
- Partner with Product to develop modern credit stacks and data strategy using financial, bank, and third-party datasets to enable underwriting automation.
- Represent Marqeta's credit capabilities and vision to customers and bank partners.
- Provide risk consulting services to bank partners and customers, recommending improvements to credit strategies.
Benefits
- Annual bonuses for eligible employees, based on individual performance and company success.
- Multiple health insurance options.
- Flexible time off.
- Retirement savings program with company contribution and after-tax contributions.
- Equity in a publicly traded company and an Employee Stock Purchase Program.
- Family-forming benefits and fertility support.
- Up to 20 weeks of parental leave.
- Free therapy sessions, financial and professional coaching, and legal advice.
- Monthly stipend to support the remote work model.
- Annual development dollars to support employee growth and development.
- Flex First flexibility to work from home or a company office.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
