Senior Director, Credit Risk

Summary

Join Marqeta as Senior Director, Credit Risk and lead the underwriting team, developing and designing strategies for launching and scaling successful credit programs. Scale the credit underwriting organization, establishing Marqeta as a leader in the credit space. Mentor and develop a team of credit risk professionals, driving innovation in credit strategies and underwriting models. Represent Marqeta to customers and partners, working with internal stakeholders and building relationships with external bank partners. This role is flexible and can be performed remotely within the United States or from the Oakland, CA headquarters.

Requirements

• 12-15+ years of experience in credit underwriting at major banks - you understand underwriting and portfolio performance management inside and out
• You understand both traditional banking rigor and fintech pace
• Bachelor's degree or equivalent in Finance, Business, Accounting, Economics, Statistics, Math or similar fields (Advanced statistical background - PhD in Statistics, Mathematics, or quantitative field strongly preferred)
• Proven track record across diverse portfolio types including
• Co-brand credit programs
• Subprime lending
• Consumer credit cards
• Commercial credit cards
• Strong desire to "run your own shop" and build something transformative -   you have the itch to create and scale, not just optimize existing programs
• Belief in Marqeta's disruptive vision for credit - you see the opportunity to build the "next big thing" in credit with an established, respected brand
• Expertise in Excel and SQL modeling plus strong programming and data analytics experience in R or Python
• Exceptional communication skills - able to represent Marqeta credibly with senior executives, customers, and partners
• Ability to work in a fast-paced, dynamic environment and adapt to changing priorities

Responsibilities

• Scale and lead Marqeta's credit organization - this is a foundational role for our credit business
• Mentor, guide and develop a high-performing team that will scale from 2 to 10+ professionals over the next 1-2 years
• Oversee portfolio performance and account management activities across diverse portfolio types including consumer and commercial credit programs
• Build, review, and refine Marqeta's consumer and commercial underwriting models leveraging advanced statistical modeling and data science
• Proactively monitor and adjust Marqeta's credit policies based on performance and risk trends across multiple portfolio types and risk segments
• Establish credit strategies for our co-brand, consumer and commercial credit card programs that directly drive KPIs (approval rates, new accounts, loss rate, profit margin, etc.)
• Enhance underwriting and risk documentation, work with bank partners on model validation and governance, and report KPIs to senior management and external stakeholders
• Partner with product to build modern credit stacks and data strategy leveraging financial, bank, and third-party datasets to enable underwriting automation
• Represent Marqeta's credit capabilities and vision to customers and bank partners
• Provide risk consulting services to our bank partners and customers, recommending improvements to credit strategies

Preferred Qualifications

Experience in capital markets (ABS, securitization, warehouse lines) and fraud management

Benefits

• Multiple health insurance options
• Flexible time off – take what you need
• Retirement savings program with company contribution and after tax contributions
• Equity in a publicly-traded company and an Employee Stock Purchase Program
• Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave
• Free therapy sessions, financial and professional coaching, and legal advice
• Monthly stipend to support our remote work model
• Annual “development dollars” to support our people growth and development
• Through Flex First, the freedom to live and work wherever you and your family thrive