Credit Risk Analyst (Senior levels open)

Prosper Marketplace; United States; On-site; USD 101,000 - 158,000; Full time

Job summary

An established industry player is seeking a Credit Risk Analyst to join their innovative Credit Risk Management Department. This role involves leveraging advanced analytics tools and statistical techniques to develop credit strategies that optimize risk decisions in a fast-paced environment. The ideal candidate will have a strong analytical background, proficiency in SQL and Python, and a passion for innovative problem-solving. Join a dynamic team that values collaboration and creativity, and contribute to advancing financial well-being for millions of customers. This is an exciting opportunity to make a significant impact in the fintech space.

Benefits

Flexible time off

Comprehensive health coverage

Paid parental leave

Wellness benefits

Udemy access

Childcare assistance

Pet insurance discounts

Legal assistance

Additional discounts

Qualifications

• 5+ years of experience managing credit/fraud risk.
• Strong analytical skills and experience with machine learning models.
• Ability to communicate technical concepts clearly.

Responsibilities

• Develop credit strategies using data and advanced analytics tools.
• Conduct ad-hoc analysis related to risk management.
• Communicate findings to the Risk Management team.

Skills

SQL

Python

Tableau

Machine Learning

Statistical Analysis

Problem Solving

Education

Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics

Master's degree in relevant fields

Tools

FICO fraud tool

Knowledge Seeker

Job description

Credit Risk Analyst (Senior levels open)

Join to apply for the Credit Risk Analyst (Senior levels open) role at Prosper Marketplace

Credit Risk Analyst (Senior levels open)

Join to apply for the Credit Risk Analyst (Senior levels open) role at Prosper Marketplace

The Role

The successful candidate will join Prosper’s Credit Risk Management Department. The team leverages advanced analytics tools, cutting edge data and techniques to develop credit strategies that govern automated credit decisions in Prosper’s online marketplace. A Credit Risk Senior Analyst at Prosper can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent credit risk associated with Prosper Personal Loans and Credit Cards products. An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways. The faster and more agile risk strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being.

The Role

The successful candidate will join Prosper’s Credit Risk Management Department. The team leverages advanced analytics tools, cutting edge data and techniques to develop credit strategies that govern automated credit decisions in Prosper’s online marketplace. A Credit Risk Senior Analyst at Prosper can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent credit risk associated with Prosper Personal Loans and Credit Cards products. An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways. The faster and more agile risk strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being.

We are open to hiring at a Sr. Credit Risk Analyst or Credit Risk Analyst level.

Sr. Analyst - Bachelor's degree and 5+ years of working experience or Master's degree with 3+ years of working experience

Analyst - Bachelor's degree and 2+ years of working experience or Master's degree with less experience

Problems You Will Solve

• Develop credit strategies to improve the credit performance by using data, machine learning models and advanced analytics tools to optimize risk decisions
• Bring innovative/out of the box thinking to make recommendations and to approaching/solving problems
• Design A/B tests and understand the risk-return trade-offs
• Develop loss forecasting projections for Personal Loan and Improve forecasting accuracy
• Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance
• Continue to innovate by testing new data, analytics approaches and models
• 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 trends and conduct root-cause analysis to isolate key performance driver
• Communicate findings and recommendations to the Risk Management and broader Prosper community
• Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements
  
  

About You

• Sr. Analyst level: Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 5+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 3+ years relevant experience
• Analyst level: Bachelor's degree in above areas with 2+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with less experience
• Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus
• Strong analytical and problem-solving skills
• Experience using machine learning and statistical models to develop strategies
• Must have strong proficiency in SQL, Python and Tableau. Knowledge of R and Knowledge Seeker will be a plus
• Fiserv and/or FICO fraud tool experience is a plus
• Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team
• Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required
• Curious to ask questions, probe into reasons and challenge the status quo
• Self-starter and comfortable dealing with ambiguity
• Strong ownership and motivation to drive business results
• Ability to work in a fast-paced environment and meet deadlines without sacrificing quality
  
  

What We Offer

• 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
• Wellness benefits including access to mental health resources, virtual HIIT and yoga workouts
• A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts
  
  

$101,000 - $158,000 a year

Compensation details:

The salary for Credit Risk Analyst is $ 101,000 - $ 132,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

The salary for Sr. Credit Risk Analyst is $ 127,000 - $158,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

About Us

Founded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest. Since inception, Prosper has helped more than 2 million people gain access to affordable credit with over $27 billion in loans originated through its platform. Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, credit, home equity lines of credit (HELOC), and our newest product, HELoan. Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!

Our Values

Diversity expands opportunities

Collaboration creates better solutions

Curiosity fuels our innovation

Integrity defines all our relationships

Excellence leads to longevity

Simplicity guides our user experience

Accountability at all levels drives results

www.prosper.com

Our Story & Team // Our Blog

Applicants have rights under Federal Employment Laws.

Family & Medical Leave Act (FMLA)

Equal Employment Opportunity (EEO)

Employee Polygraph Protection Act (EPPA)

California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA: https://www.prosper.com/plp/legal/privacy-notice-for-applicants/

At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill set and diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.

Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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