Sr. Manager, Credit Risk Analytics

Prosper

5h • Remote

About The Position

As the first peer to peer lending marketplace in the United States, Prosper has a history of innovation. As a growing company that generates cash (rare in the valley), Prosper also has a history of generating results. The Senior Manager, Credit Risk Analytics is responsible for underwriting credit strategies and oversight of credit quality and performance of the Personal Loan portfolios. They will be responsible for the life cycle of credit management including compliance with requirements of regulators and internal control and will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the portfolio. They will review, analyze, and enhance the risk strategies through the use of Machine Learning models and credit data to manage the acquisition growth while delivering expected returns to the investors. The Director, Credit Risk will work with cross-functional teams in Product, Engineering, Legal/Compliance and Marketing to deliver the credit strategies as per design. The ideal candidate is expected to bring broad and in-depth consumer lending expertise to the team, be comfortable to be hands-on to guide team to develop strategies for automated credit decisions, own the end-to-end process to ensure the credit strategies are performing as expected to support business growth while managing credit losses effectively. They should be a passionate business and people leader who has the business acumen and domain expertise to guide team to tackle challenges in novel and effective ways. Making better, faster and more agile risk strategies keeps our marketplace competitive and ensures that we continue to deliver on our mission of advancing financial well-being.

Requirements

• Master’s degree in Business, Statistics, Mathematics, Engineering or Economics
• 8+ years of experience managing acquisition credit risk for Credit Card and Personal Loan business; Strong business acumen and extensive knowledge about credit management
• 3+ years of people leadership experience
• Outstanding thought leadership and skills to translate business problem into analytical problems; ability to build and enhance framework
• Exceptional communication skills in both written and oral – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team
• A quick thinker and can handle questions on unfamiliar topics with convincing skills
• A team player – collaborate with people across functions and a business owner mentality
• Ability to work in fast-paced environment and meet deadlines without sacrificing quality
• Ability to work productively in a remote/in-person hybrid working environment

Responsibilities

• Develop credit strategies to improve the credit performance by using data, ML/AI models and advanced analytics tools.
• Turn findings/gaps into strategy enhancement to present recommendations to the Risk Management and broader Prosper community with the considerations of business impact and cost needed.
• Ensure credit losses remain within the company’s defined risk appetite.
• Bring innovative/out of the box thinking to make recommendations and approaching/solving problems.
• Design and evaluate A/B tests, with a strong understanding of risk–return trade-offs.
• Identify and evaluate new vendors / data sources and create business cases.
• Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance.
• Conduct ad-hoc analysis related to risk management, investor services, product, and operations.
• Analyze portfolio performance at a granular segment level on an ongoing basis, identify key performance drivers and emerging trends.
• Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements.
• Have experience with credit loss forecast and stress testing exercise.

Benefits

• The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives.
• The opportunity to work in a fast-paced environment with experienced industry leaders.
• Flexible time off, comprehensive health coverage, competitive salary, paid parental leave, and other wellness benefits.
• A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through Perkspot.
• The ability to work remotely in the United States.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees