Credit Strategy Manager

Varo Bank; United States; On-site; USD 120,000 - 170,000; Full time

Job summary

Varo Bank seeks a Credit Strategy Manager to expand access to credit and launch new products. You will shape underwriting, pricing, and credit policies using data from across risk, product, and engineering teams to balance growth with responsible risk management.

You will analyze portfolio performance with SQL, Python, and Excel, present insights to executives, and lead rigorous A/B testing to refine credit policies and pricing models.

Qualifications

• 4+ years of experience building and managing credit strategy in Fintech or retail banking.
• Strong understanding of credit risk management across origination, account management and collections.
• Experience leveraging alternative data and FCRA-compliant internal data to drive underwriting decisions.

Responsibilities

• Develop and implement credit strategies for lending products from ideation to post-launch monitoring.
• Propose data-driven policy changes to improve profitability and access to credit.
• Use SQL, Python, R and Excel to analyze data on loan performance and strategic initiatives.
• Create and present analyses to stakeholders and executives, explaining variances and profitability impacts.
• Design and run rigorous A/B testing frameworks to iterate on policies and pricing models.

Skills

Analytical thinking

Data-driven decision making

Communication

Education

Bachelor’s degree in a quantitative field

Tools

SQL

Python

R

Excel

Job description

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

About The Role

Varo Bank is seeking an innovative and data-driven Credit Strategy Manager to help revolutionize consumer banking by expanding access to credit and launching new, best-in-class products. In this high-impact role, you will use data to solve complex problems and drive end-to-end credit strategy, balancing portfolio growth with responsible risk management. By translating Varo's vision into customer-centric, profitable solutions, you will collaborate extensively across risk management, product, engineering, data science, operations, marketing, finance, compliance, and legal teams to ensure our credit offerings empower our customers and lead the market.

Responsibilities

• Develop and implement credit strategies for lending products, including underwriting, pricing, and credit policies, from ideation to post-launch monitoring
• Propose data-driven product and credit policy changes to improve profitability, customer experience, and access to credit
• Use a combination of technical reporting tools (such as SQL, Python, R) and advanced Excel skills to analyze data to quantify performance, cost, and effectiveness for areas such as loan performance and strategic initiative
• Create and present analysis to key stakeholders and executives, examples include identifying underlying reasons for variance from expectations, understanding changes in portfolio performance, and evaluating profitability impacts
• Design and execute rigorous A/B testing (Champion/Challenger) frameworks to iterate on credit policies and pricing models.

Qualifications

• 4+ years of experience building and managing credit strategy and understands full credit lifecycle in Fintech or retail banking.
• Strong understanding of credit risk management in the areas of origination, account management, and collections, including traditional and alternative credit bureau data and functionality
• Deep understanding of credit card or personal loan unit economics (LTV, CAC, Provisioning, and Cost of Funds)
• Proven experience leveraging alternative data and FCRA-compliant internal behavioral data to drive underwriting decisions
• Ability to translate complex credit risk concepts for non-technical partners in Marketing or Product to ensure alignment on growth targets.
• Strong proficiency in SQL and Python
• Strong analytical skills with the ability to identify problems/opportunities and propose data-driven solutions
• Experience working with various statistical techniques
• Excellent verbal and written communication skills with strong attention to detail
• Bachelor’s Degree in Computer Science, Economics, Math, Statistics, Engineering, or other quantitative-related fields that are data-driven is a plus

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.