Credit Risk Manager

Figure; San Francisco (CA); On-site; USD 140,000 - 180,000; Full time

Job summary

Figure is seeking a Credit Risk Manager to join our growing team. You will drive analytics to uncover data insights and transform them into actionable lending decisions, with a focus on home equity lines of credit in a fintech startup environment.

You will collaborate across Product, Engineering, Capital Markets, Compliance, and Operations to define credit strategy, advise on execution, and monitor portfolio performance, while ensuring adherence to regulatory requirements and maintaining

Qualifications

• Experience in credit risk management and underwriting.
• Strong analytical and data-driven decision making.
• Experience with loan portfolios and regulatory understanding.

Responsibilities

• Lead efforts to constantly innovate, iterate and improve credit underwriting in lending products
• Use analytical techniques to develop insights from historical loan performance data.
• Identify opportunities to underwrite new customer populations and improve credit solutions.
• Develop valuation models to estimate unit economics of customer segments.
• Advise the Capital Markets team on performance assumptions and yield.
• Collaborate with Marketing to assess credit policy impact on acquisition funnel.
• Conduct loss forecast analyses on various parts of the loan portfolio.
• Model sizing for credit expansion to guide prioritization and growth.
• Present underwriting approaches to investors and address concerns.
• Share loss insights with Fraud risk management to focus on defaults.
• Design monitoring frameworks for product launches and portfolios; advise on trends and risks.
• Collaborate with Legal and Compliance for regulatory adherence.
• Conduct ad hoc analyses to support ongoing risk assessments.

Skills

Credit risk

Data analytics

Financial modeling

Portfolio monitoring

Cross-functional collaboration

Job description

About Figure Figure is transforming the trillion dollar financial services industry using blockchain technology. In five short years, Figure has unveiled a series of fintech firsts using the Provenance blockchain for loan origination, equity management, private fund services, banking and payments sectors - bringing speed, efficiency and savings to both consumers and institutions. Today, Figure is one of less than a thousand companies considered a unicorn, globally. Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. The team is composed of driven, innovative, collaborative, and curious people who love architecting ground-breaking technologies. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation. Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the FinTech space! Forbes America s Best Startup Employers Forbes Top 50 Blockchain Companies Figure Series D Announcement Credit Risk Manager

About the Role

We are looking for a Credit Risk Manager to join our growing team! You will be responsible fordriving cutting edge analytics to uncover data insights and transform them into actionablebusiness decisions. The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a fintech start up. In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional unitsincluding Product, Engineering, Capital Markets, Compliance, and Operations. Your analytical focus will be combined with creative problem solving as we are constantly onthe lookout for innovative data sources and solutions to comprehensively understand ourcustomers needs and preferences. You will also be responsible for managing the company scredit policies and advising partners on its interpretation and implementation. This role reportsto the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution and drive portfolio monitoring.

We are looking for a Credit Risk Manager to join our growing team! You will be responsible for driving cutting edge analytics to uncover data insights and transform them into actionable business decisions. The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a fintech start up. In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional units including Product, Engineering, Capital Markets, Compliance, and Operations. Your analytical focus will be combined with creative problem solving as we are constantly on the lookout for innovative data sources and solutions to comprehensively understand our customers needs and preferences. You will also be responsible for managing the company s credit policies and advising partners on its interpretation and implementation. This role reports to the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution and drive portfolio monitoring.

What You ll Do

• Lead efforts to constantly innovate, iterate and improve credit underwriting in lending products
• Use analytical techniques to develop insights from historical loan performance data, identify opportunities to underwrite new customer populations and provide better credit solutions to our existing customer base
• Develop valuation models to estimate unit economics of customer segments and advise the Capital Markets team on performance assumptions and projected yield
• Work with the Marketing team to understand the impact of credit policies in the customer acquisition funnel and identify opportunities to enhance conversion
• Conduct loss forecast analyses on various parts of the loan portfolio
• Develop sizing for credit expansion opportunities to support prioritization decisions and ultimately the growth strategy for the company
• Present Figure s underwriting approaches to existing and potential investors, and address their concerns on an ongoing basis
• Share insights into credit losses with the Fraud risk management team to allow for appropriate focus on customer defaults
• Design and deploy monitoring frameworks to assess the performance of new product launches and existing customer portfolios, and advise senior management of emerging trends and risks
• Partner with the Legal and Compliance team to ensure strategies and policies comply with all applicable regulatory requirements
• Conduct other ad hoc analyses as required to support t