Credit Risk Analytics Director

Summary

Join Prosper, a leading peer-to-peer lending marketplace, as the Director, Credit Risk Analytics. You will be responsible for developing and overseeing credit strategies, ensuring credit quality, and managing the personal loan portfolio's performance. This role involves collaborating with cross-functional teams, leveraging machine learning, and complying with regulatory requirements. The ideal candidate possesses extensive consumer lending expertise, strong leadership skills, and a proven ability to translate business problems into analytical solutions. Prosper offers a competitive salary, comprehensive benefits, flexible time off, and a remote work option. This position offers the opportunity to work in a fast-paced environment with experienced industry leaders and make a significant impact on people's lives.

Requirements

• Master’s degree in Business, Statistics, Mathematics, Engineering or Economics
• 10+ years of experience managing credit risk in consumer lending industry
• 5+ years of people leadership experience
• Strong business acumen and extensive knowledge about credit management
• 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 team player – collaborate with people across functions
• 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

Responsibilities

• Develop credit strategies to improve the credit performance by using data, statistical 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
• Maintain credit losses within the risk appetite
• Bring innovative/out of the box thinking to make recommendations and approaching/solving problems
• Design A/B tests and understand the 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 trends and conduct root-cause analysis to isolate key performance drivers
• 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

Benefits

• Flexible time off
• Comprehensive health coverage
• Competitive salary
• Paid parental leave
• Other wellness benefits
• Udemy access
• Childcare assistance
• Pet insurance discounts
• Legal assistance
• Additional discounts through Perkspot
• The ability to work remotely in the United States
• Bonus