Credit Risk Manager

Summary

Join Prosper’s Credit Risk Management team and leverage cutting-edge data and analytical tools to develop credit and fraud strategies for automated credit decisions. As a Credit Risk Manager, you will apply advanced statistical techniques and algorithms to predict and prevent credit risk associated with Prosper's Personal Loan and Credit Card products. You will develop credit strategies, design A/B tests, manage card portfolios, partner with cross-functional teams, and conduct ad-hoc analyses. The ideal candidate possesses strong analytical skills and a passion for innovative problem-solving. This role requires collaboration with various teams and ensures compliance with regulatory requirements. Prosper offers a fast-paced environment with opportunities to make a significant impact.

Requirements

• Bachelor’s degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 6+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 4+ years relevant experience
• Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus
• Experience using machine learning and statistical models to develop strategies
• Must have strong proficiency in SQL
• Ability to communicate technical subject matter clearly to other team members and Senior Management team
• Curious to ask questions, probe into reasons and challenge the status quo
• Strong ownership and motivation to drive business results
• Demonstrated ability to work in a fast-paced environment and meet deadlines without sacrificing quality

Responsibilities

• Develop credit strategies to improve the credit performance by leveraging data, machine learning models and advanced analytics tools to optimize risk decisions
• Bring innovative/out of the box thinking to make recommendations and to approaching/solving problems
• Design A/B tests and understand the risk-return trade-offs
• Lead the efforts to manage card portfolio sustainably by reducing loss and grow healthy balance
• Partner with Marketing, Engineering, Business operation teams and external vendors to implement strategies and monitor the strategy performance
• Continue to innovate by testing new data, analytics approaches and models
• 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 driver
• Communicate findings and recommendations to the Risk Management and broader Prosper community
• Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements

Preferred Qualifications

Knowledge of R, Python, Tableau, and Knowledge Seeker will be a plus

Benefits

• Flexible time off, comprehensive health coverage, competitive salary, paid parental leave
• Wellness benefits including access to mental health resources, virtual HIIT and yoga workouts
• A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts