Senior Credit Manager

SoFi; San Francisco (CA); On-site; Confidential; Full time

Job summary

SoFi is seeking a Senior Credit Manager in San Francisco to lead the development and implementation of Personal Loan underwriting strategies and risk models. You will analyze data to steer portfolio risk, collaborating with different business units to drive revenue while controlling losses.

The role requires strong SQL and Python skills, a data-driven mindset, and experience across credit lifecycle stages. A dynamic, fast-paced environment and cross-functional teamwork are core expectations.

Qualifications

• 7+ years of unsecured credit risk and data science experience.
• Experience in consumer lending (loans or credit cards).
• Proven experience in the credit strategy lifecycle, including development, validation, and monitoring.
• Analytical skills using performance data, bureau attributes and third-party data.
• Advanced SQL and Python for segmentation and PD/LGD/EAD modeling and back-testing.
• Ability to synthesize analysis for business partners and senior management.
• Results-driven, eager to learn, and collaborative in a fluid environment.
• Statistically rigorous experiment design and inferential evaluation.
• Experience developing custom credit features from diverse data sources.

Responsibilities

• Innovate by architecting credit underwriting and risk tiering.
• Power a real-time data ecosystem with diverse data sources and uses.
• Embrace a test-and-learn mentality to drive data-driven decisions.
• Collaborate with cross-functional teams and productionize strategies.
• Monitor risk, drive performance, and communicate results to stakeholders.
• Identify gaps and drive actions to improve loss prevention and revenue.
• Tackle challenging problems to help SoFi build best-in-class products.

Skills

Credit risk

SQL

Python

Data science

Underwriting

Portfolio mgmt

P&L

Stakeholder comms

Decision trees

Education

Master’s or PhD in Statistics, Mathematics, Engineering, or Computer Science

Job description

Employee Applicant Privacy Notice

Overview

Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The team

SoFi’s Credit team manages credit risk activities for our lending products (Student Loan Refinance, Private Student Loan, Personal Loan, Credit Card, and Mortgage) including credit strategies/policies for new account origination and portfolio management, collections/recovery strategies and operations, and risk and operational data science and analytics. The team designs data-driven strategies to ensure the growth in lending is consistent with the company’s risk appetite and helps create the products and experiences that put our members’ interests first.

The Senior Credit Manager will work in the Credit team and have responsibilities to analyze and evaluate data to develop and propose value-added credit risk strategies and models for SoFi’s lending products, including Personal Loan, Student Loan Refinance, Private Student Loan, and Credit Card. The initial focus of the role will be on Personal Loan but the candidate may get opportunities to work on other lending products in the future.

The candidate will be responsible for independently developing and implementing Personal Loan underwriting strategies that meet our risk appetite, monitoring and analyzing the risk trends within the portfolio to provide insights and recommendations for strategy enhancement opportunities. The role includes 1LOD responsibilities.

The Senior Credit Manager will collaborate with cross-functional teams such as Business Units, Operations, Marketing, Finance, Capital Markets, Product, Engineering, Legal and Compliance. Use business acumen, credit experience and quantitative and analytical skills to drive revenue, control risk, and provide value to the company and consumers.

The ideal candidate will possess a data-driven analytics background and the strategic acumen to direct a function that draws strategic insights from data using database and statistical analysis tools to inform decisions and support SoFi’s overarching strategic goals relative to loss prevention and profit optimization. They bring new ways of thinking, data sources, technologies, and capabilities to SoFi.

What you’ll do

• Innovate… Bring your brightest ideas to build algorithmic risk strategies. This means you will architect credit underwriting, pre-screen targeting, and risk tier assignment.
• Data Driven… Your deep analysis will power the future of lending with an optimal real-time data ecosystem – including multi-product internal, bureau, third-party, and alternative data sources and uses.
• Iterate, learn, innovate… Embrace a test-and-learn mentality and data-driven decision making.
• Collaborate… Work with Business Units, Operations, Marketing, Finance, Legal and Compliance to deliver results. Partner with implementation teams to drive new strategies to production.
• Control the Risk and Drive Performance Outcomes … Understand credit risk and develop approaches to mitigate loss and responsibly grow revenue. Monitor performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.
• Challenge the Status Quo … Continuously raise the bar, build better processes and attack hard problems to help us build the best products in the industry.
• Grow, Grow, Grow!… Be inspired by dynamic leaders and our rapidly growing business. We are recruiting the best, brightest, and quantitatively driven team members.

What you’ll need

• 7+ years of unsecured credit risk and data science experience
• Business acumen and work experience in the consumer lending business (loans or credit cards)
• Direct experience in the credit strategy analytical lifecycle, including strategy and decision tree development, P&L, presentation, implementation validation, and post-implementation monitoring
• Proven analytical skills in conducting sophisticated analysis using customer performance data, bureau attributes, and other 3rd party variables to solve business problems
• Advanced SQL and Python skills for segmentation and vintage analysis, PD/LGD/EAD risk modeling (e.g. decision trees, logistic regression) and back-testing, rapid prototyping, feature engineering and pipeline development/operationalization
• A demonstrated ability to synthesize and communicate analysis to business partners and senior management
• Results-driven analytical approach, eagerness to learn, and ability to work collaboratively in a fluid environment
• Statistically rigorous experiment design and inferential evaluation
• Experience in developing custom credit features using data sources such as internal cross-product data, bank transaction, and other alternative data
• Advanced degree (Master’s or PhD) with a quantitative major such as Statistics, Mathematics, Engineering, or Computer Science

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page.

Equal Employment Opportunities

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to an inclusive culture. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [e-mail].

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.