Senior Credit Risk Manager

Summary

Join Earnest as a Senior Credit Risk Manager, Personal Loans and play a pivotal role in developing and optimizing credit strategies to drive business growth while managing risk. You will lead champion-challenger testing, collaborate with data science teams on machine-learning models, and monitor portfolio performance for continuous improvement. This role requires strong analytical skills, experience in credit risk management, and leadership abilities. You will work cross-functionally with various teams and ensure regulatory compliance. The position offers a competitive salary, remote work flexibility with occasional in-office collaboration, and a comprehensive benefits package. Earnest values a culture of drivers, humility, and growth mindset.

Requirements

• 7+ years of experience developing data-driven credit strategies for loans or credit cards, leveraging risk models, rules, and multiple data sources
• At least 1 year of experience in leading and mentoring team members
• Strong analytical skills with expertise in SQL and Python for data analysis
• Experience in risk analytics, segmentation, and statistical modeling (decision trees, gradient boosting models)
• Proven ability to deliver business results through ownership, collaboration, and strategic influence
• Experience with Business Intelligence tools such as Looker or Tableau
• Strong knowledge of credit risk management within lending products, including P&L impact evaluation
• Willingness to travel to the Oakland office monthly to collaborate with other Earnies

Responsibilities

• Develop and optimize credit strategies for pre-screening, underwriting, risk tiering, loan amount assignment, and verifications to drive business growth while managing risk
• Lead champion-challenger testing to optimize underwriting models
• Collaborate with Data Science teams to develop new machine-learning risk models
• Monitor credit portfolio performance and identify areas for improvement, ensuring continuous enhancement and optimization
• Work cross-functionally with Business, Capital Markets, Marketing, Product, Engineering, and Finance teams to implement strategies that align with Earnest’s risk appetite
• Manage regulatory and audit compliance by providing analytical support for internal audits and regulatory reviews
• Lead, support, and develop junior team members while managing multiple projects

Preferred Qualifications

• Experience in personal loan products
• Knowledge of applicable lending industry regulations
• Familiarity with machine learning techniques applied to credit risk models
• Experience working with Capital Markets, FP&A, or external ratings agencies
• Advanced degree in a quantitative field (Math, Statistics, Engineering, Finance, Economics)

Benefits

• Health, Dental, & Vision benefits plus savings plans
• Mac computers + work-from-home stipend to set up your home office
• Monthly internet and phone reimbursement
• Employee Stock Purchase Plan
• Restricted Stock Units (RSUs)
• 401(k) plan to help you save for retirement plus a company match
• Robust tuition reimbursement program
• $1,000 travel perk on each Earnie-versary to anywhere in the world
• Competitive days of annual PTO
• Competitive parental leave