Sr. Manager, Credit Risk Analytics - Credit Card

Prosper Marketplace; United States; On-site; USD 190,000 - 230,000; Full time

Benefits offered by this job

401(k) with 5% company match

Flexible time off

Comprehensive health coverage

Udemy access

Job summary

Prosper Marketplace, located in the United States, is hiring a Senior Manager for Credit Risk Analytics. This role entails developing credit strategies using advanced analytics and machine learning, overseeing credit quality, and ensuring compliance with regulatory requirements.

The ideal candidate will have significant experience in managing credit risk and be an effective leader. They will work with cross-functional teams to optimize credit management processes.

The position offers a competitive salary and benefits, including a 401(k) match and wellness programs.

Qualifications

• 8+ years of experience managing acquisition/portfolio credit risk for Credit Card and Personal Loan business.
• 3+ years of people leadership experience.
• Experience with credit loss forecast and stress testing.

Responsibilities

• Develop credit strategies to improve performance using data and analytics.
• Analyze portfolio performance at a granular segment level.
• Collaborate with cross-functional teams to implement strategies.

Skills

Business acumen

People leadership

Analytical problem solving

Communication

Risk management

Education

Master’s degree in Business, Statistics, Mathematics, Engineering or Economics

Tools

ML/AI models

Advanced analytics tools

Job description

Overview

Your role in our mission As the first peer to peer lending marketplace in the United States, Prosper has a history of innovation. As a growing company that generates cash (rare in the valley), Prosper also has a history of generating results.

The Senior Manager, Credit Risk Analytics is responsible for portfolio credit strategies and oversight of credit quality and performance of the Credit Card portfolios. They will be responsible for the life cycle of credit management including compliance with requirements of regulators and internal control and will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the portfolio. They will review, analyze, and enhance the risk strategies through the use of Machine Learning models and credit data to manage the portfolio growth while delivering expected returns. They will work with cross-functional teams in Product, Engineering, Legal/Compliance and Marketing to deliver the credit strategies as per design.

The ideal candidate is expected to bring broad and in-depth consumer lending expertise to the team, be comfortable to be hands-on to guide team to develop strategies for automated credit decisions, own the end-to-end process to ensure the credit strategies are performing as expected to support business growth while managing credit losses effectively. They should be a passionate business and people leader who has the business acumen and domain expertise to guide the team to tackle challenges in novel and effective ways. Making better, faster and more agile risk strategies keeps our marketplace competitive and ensures that we continue to deliver on our mission of advancing financial well-being.

How You’ll Make An Impact

• Develop credit strategies to improve the credit performance by using data, ML/AI models and advanced analytics tools.
• Turn findings/gaps into strategy enhancement to present recommendations to the Risk Management and broader Prosper community with the considerations of business impact and cost needed.
• Ensure credit losses remain within the company’s defined risk appetite.
• Bring innovative/out of the box thinking to make recommendations and approaching/solving problems.
• Design and evaluate A/B tests, with a strong understanding of risk–return trade-offs.
• Identify and evaluate new vendors / data sources and create business cases.
• Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance.
• 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 key performance drivers and emerging trends.
• Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements.
• Have experience with credit loss forecast and stress testing exercise.

Skills That Will Help You Thrive

• Master’s degree in Business, Statistics, Mathematics, Engineering or Economics
• 8+ years of experience managing acquisition/portfolio credit risk for Credit Card and Personal Loan business; Strong business acumen and extensive knowledge about credit management
• 3+ years of people leadership experience
• Outstanding thought leadership and skills to translate business problem into analytical problems; ability to build and enhance framework
• Exceptional communication skills in both written and oral – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team
• A quick thinker and can handle questions on unfamiliar topics with convincing skills
• A team player – collaborate with people across functions and a business owner mentality
• Ability to work in fast-paced environment and meet deadlines without sacrificing quality
• Ability to work productively in a remote/in-person hybrid working environment

Resources to Help You Prosper

• A connected experience: We prioritize high-touch collaboration and flexibility. Whether you are working from our San Francisco or Phoenix offices or joining us as a fully remote team member, we provide the digital-first tools and intentional culture to keep you synced and supported.
• Invested in your future: A competitive salary and a 401(k) with a 5% company match to help you build long-term financial security.
• Holistic well-being: We provide the resources you need to thrive, from flexible time off and paid parental leave to an annual wellness allowance and comprehensive health coverage.
• Professional & personal growth: Take advantage of a suite of premium perks, including Udemy access, childcare assistance, pet insurance, and a bevy of additional savings through Beneplace.

Compensation: $190,000 - $230,000 a year, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

About Prosper: Prosper introduced U.S. consumers to an innovative approach to personal finance as the first peer-to-peer lending platform in the country. Since 2005, Prosper has helped over 2 million customers achieve financial well-being through a comprehensive suite of digital personal finance products. Prosper’s flagship personal loan marketplace continues to offer unique value for both borrowers and investors, while the Prosper Card provides essential access to credit and flexibility for those managing their financial journey.

Our mission is 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 invite you to join us on our mission to advance financial well-being.

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

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.

All personal loans are made by WebBank.

The Prosper Card is an unsecured credit card issued by Coastal Community Bank, Member FDIC, pursuant to license by Mastercard International.