Credit Risk Analyst (Senior & Manager level open)

Prosper Marketplace; United States; Remote; USD 101,000 - 132,000; Full time

Job summary

A leading fintech company seeks a Credit Risk Analyst to develop credit strategies using advanced analytics and enhance credit performance. The ideal candidate will possess a strong analytical mindset, a Bachelor's degree, and experience in credit risk management. This position offers competitive compensation, including flexibility in work hours and comprehensive health benefits.

Benefits

Flexible time off

Comprehensive health coverage

Paid parental leave

Wellness benefits

Udemy access

Qualifications

• Strong analytical and problem-solving skills.
• Experience in managing credit risk and/or fraud.
• Comfortable working in fast-paced environments.

Responsibilities

• Develop credit strategies using analytics tools.
• Design A/B tests to understand risk-return trade-offs.
• Communicate findings to the Risk Management team.

Skills

SQL

Python

Tableau

Machine learning

Data analysis

Education

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

Tools

FICO fraud tool

Knowledge Seeker

Job description

Your role in our mission

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 Manager, Sr. Credit Risk Analyst or Credit Risk Analyst level:

Manager: Bachelor’s degree and 6+ years of working experience or Master's degree with 4+ years relevant experience

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

How you’ll make an impact

• 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 Credit Card 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

Skills that will help you thrive

• Manager level: Bachelor’s degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 6+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 4+ years relevant experience
• 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

Interview process

• Recruiter Call: A brief screening to discuss your experience and initial questions
• Department Interview: Deeper dive into technical skills and project alignment with the Hiring Manager or team member
• Technical Interview: Assesses technical proficiency and problem-solving through live coding, system design, or in-depth technical questions
• Team/Virtual Interview: Meet team members for collaborative discussions, problem-solving, or technical exercises

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.

The salary for Manager is $151,000 - $185,000 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.

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

Applicants have rights under Federal Employment Laws.

Equal Employment Opportunity (EEO)

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.