Director - Credit Risk Analytics

February 8

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Prosper Marketplace

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Prosper Marketplace is a pioneering financial technology company founded in 2005, known for being the first peer-to-peer lending marketplace in the United States. The company facilitates a range of financial solutions including personal loans, credit cards, and home equity loans, alongside investment opportunities in personal loans. They aim to help individuals improve their financial well-being by offering low-interest fixed-rate personal loans, debt consolidation, credit card solutions, and home equity lines of credit. Prosper Marketplace also promotes financial education through their resources hub, blog, and newsletters. With over $28 billion in loans facilitated, Prosper is dedicated to providing secure, fast, and fair financial services to its users.

peer-to-peer lending • personal loans • alternative investments • online investing • social lending

501 - 1000 employees

Founded 2005

💳 Fintech

💸 Finance

👥 B2C

📋 Description

• As the first peer to peer lending marketplace in the United States, Prosper has a history of innovation. • The Director, Credit Risk Analytics is responsible for underwriting credit strategies and oversight of credit quality and performance of the Personal Loan portfolios. • They will be responsible for the life cycle of credit management including compliance with requirements of regulators and internal control. • They 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 acquisition growth while delivering expected returns to the investors. • The Director, Credit Risk 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 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.

🎯 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

🏖️ 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