[Hiring] Director, Credit Risk Analytics @Prosper
Feb 09, 2025 - Prosper is hiring a remote Director, Credit Risk Analytics. 💸 Salary: competitive salary. 📍Location: USA.
Role Description
The Director, 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.
- Review, analyze, and enhance the risk strategies through the use of Machine Learning models and credit data.
- Manage acquisition growth while delivering expected returns to the investors.
- Work with cross-functional teams in Product, Engineering, Legal/Compliance, and Marketing to deliver the credit strategies.
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 the team to develop strategies for automated credit decisions, and own the end-to-end process to ensure the credit strategies are performing as expected to support business growth while managing credit losses effectively.
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.
Qualifications
- Master’s degree in Business, Statistics, Mathematics, Engineering, or Economics
- 10+ years of experience managing credit risk in the consumer lending industry
- 5+ years of people leadership experience
- Strong business acumen and extensive knowledge about credit management
- Outstanding thought leadership and skills to translate business problems into analytical problems
- Exceptional communication skills in both written and oral
- A team player – collaborate with people across functions
- Business owner mentality
- Ability to work in a fast-paced environment and meet deadlines without sacrificing quality
- Ability to work productively in a remote/in-person hybrid working environment
Requirements
- Develop credit strategies to improve credit performance using data, statistical models, and advanced analytics tools
- Turn findings/gaps into strategy enhancement to present recommendations to the Risk Management and broader Prosper community
- Maintain credit losses within the risk appetite
- Bring innovative/out of the box thinking to make recommendations and approach/solve problems
- Design A/B tests and understand the 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 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
- Work with legal and compliance team to ensure strategies and policies comply with all regulatory requirements
- 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
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| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
|
Salary
💸
competitive salary
|
Remote
Location
USA
|
|
Job Type
full-time
|
Posted
Feb 09, 2025
|
| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
