Credit Risk Senior Manager, Underwriting

Marqeta, Inc.; Remote; CAD 244,000 - 360,000; Full time

Job summary

A leading financial technology firm is seeking a Credit Risk Senior Manager for Underwriting. This role requires driving innovation in credit risk strategies and underwriting models, building strong relationships with stakeholders. Candidates should have over 8 years of experience in credit, preferably within fintech, and a bachelor's degree in Finance or a related field. The position offers flexible working arrangements and competitive compensation, including bonuses and equity in the company.

Benefits

Multiple health insurance options

Flexible time off

Retirement savings program

Equity opportunities

Family-forming benefits

Free therapy sessions

Remote work support stipend

Annual development budget

Qualifications

• 8+ years of experience in credit, fintechs preferred.
• Expertise in Excel and SQL modeling.
• Ability to work in a fast-paced environment.

Responsibilities

• Lead credit risk strategy and underwriting models.
• Build and refine underwriting strategies.
• Monitor credit policies based on performance.

Skills

Credit experience in fintech

SQL modeling

Excel expertise

Communication skills

Education

Bachelor's degree in Finance or related field

Job description

Credit Risk Senior Manager, Underwriting

Remote, USA

As Marqeta’s Credit Risk Senior Manager, Underwriting, you will lead our credit risk strategy helping us to launch successful credit programs. You will drive innovation to establish best in class credit strategies and underwriting models. You will work closely with internal stakeholders including Banking, Product, Finance, and Data while partnering and building strong relationships with external bank partners and customers.

Impact You’ll Have

• Build, review, and refine Marqeta's consumer and business underwriting strategies
• Proactively monitor and adjust Marqeta’s credit policies based on performance and risk trends
• Work with data scientists to build best in class credit risk and cash flow models
• Establish credit strategies for our consumer and commercial credit card programs that directly drive KPIs, i.e., approval rates, new accounts, loss rate, profit margin etc.
• Draft underwriting and risk documentation, work with bank partners on model validation and governance, and report KPIs to senior management on a regular basis
• Partner with product to build modern credit stacks and data strategy leveraging financial, bank, and third-party datasets, to enable underwriting automation with big data.
• Provide analytical support and materials (loss forecasts, profitability) for capital markets and co-brand partners
• Provide risk consulting services to our bank partners and customers, recommending improvements to credit strategies

Who you are

• 8+ years of experience in credit, fintechs preferred
• Bachelor's degree or equivalent college-level education in Finance, Business, Accounting, Economics, Statistics, Math or similar fields
• Experience partnering with product and finance teams to bring best-in-class credit strategies and solutions to market
• Expertise in Excel and SQL modeling
• Experience in any one of the following:
• capital markets (e.g., ABS, securitization, warehouse lines), and
• Strong verbal and written communication skills
• Ability to work in a fast-paced, dynamic environment and adapt to changing priorities
• Virtual “Onsite” consisting of 4-5, 45 min calls
• Offer!

Compensation and Benefits

Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:

• National: A baseline tier that applies to most of the geographic territory of the United States.
• Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WA
• Premium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.

The new-hire base salary range for this position is:

• Premium+: $206,800- $258,500
• Premium: $190,200 - $237,800
• National: $175,800 - $219,700

We also believe in recognizing the contributions of our people. That's why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Along with monetary compensation, Marqeta offers:

• Multiple health insurance options
• Flexible time off – take what you need
• 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, fertility support, and up to 20 weeks of Parental Leave
• Free therapy sessions, financial and professional coaching, and legal advice
• Monthly stipend to support our remote work model
• Annual “development dollars” to support our people growth and development
• Through Flex First, the freedom to live and work wherever you and your family thrive

On top of the above base pay, this role also offers a 25% bonus and equity in a publicly traded company.

About Marqeta

Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affir, Instacart, Doordash, Uber, Walmart, etc). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.

Equal Employment Opportunity, Accommodations and Privacy

Marqeta is an equal opportunity employer committed to an inclusive workplace that fosters belonging. We do not discriminate based on race, color, religion, sex (including pregnancy, lactation, childbirth, or related medical conditions), veteran status or uniformed service member status, age, national origin or ancestry, citizenship or immigration status, physical or mental disability, gender identity, gender expression, sexual orientation, genetic information (including testing or characteristics) or any other characteristic protected by applicable law. We also consider qualified applicants with criminal histories, consistent with legal requirements.

Marqeta endeavors to make reasonable accommodations for applicants with disabilities. If you are an individual with a disability and require a reasonable accommodation to submit this application, complete any pre-employment testing, or otherwise participate in the employee selection process, please submit this form with your specific accommodation request.