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Credit Risk Manager - Consumer Lending

Company: SoFi
Location: Claymont
Posted on: November 26, 2022

Job Description:

The role



SoFi's Credit team manages credit risk activities for our lending and credit products (Student Loan Refinance, Private Student Loan, Personal Loan, Credit Card, and Mortgage) - including credit strategies / policies for new account origination and portfolio management, collections / recovery strategies, and risk and operational data science and analytics. The team designs data driven strategies to ensure the growth in lending is consistent with the company's risk appetite, and helps create the products and experience that put our members' interests first.



The Credit Risk Manager, Risk Management - Lending & Credit will work in the Credit team and have responsibilities to analyze and evaluate data to develop and propose value added risk strategies for SoFi's lending and credit products including Student Loan Refinance, Private Student Loan, Credit Card,and Personal Loan, and complying with regulations and risk policies. The Credit Risk Manager will partner with cross-functional teams such as Business Unit, Capital Markets, Product, Engineering and Ops, and use the business knowledge and analytical skills to drive revenue, control risk, and provide value to the company and consumers. This role will be part of the bank's first line of defense risk management, and will report to the Risk Management Director / Senior Director.



What you'll do:



* Innovate Bring your brightest ideas to building risk strategies. You will architect credit underwriting, pre-screen targeting, A/B testing, optimization and portfolio management strategies.

* Data Driven Your deep analysis will power the future of lending and credit, using a comprehensive data ecosystem - including multi-product internal data, credit bureaus and alternative data.

* Iterate, learn, innovate We are all responsible for innovation and must embrace data-driven decisions.

* Build the Future Work collaboratively with the Data Science team to design new models and tools.

* Control the Risk and Drive Performance Outcomes Understand credit risk and develop approaches to mitigate loss and responsibly grow revenue. Monitor performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.

* Grow, Grow, Grow! Be inspired by dynamic leaders and our rapidly growing business. We want YOU to be an inspired leader of tomorrow, so we are recruiting the best, brightest, and passionately quantitative team members.



What you'll need:



* Preferred: 5+ years of consumer lending and/or credit card risk strategy work experience

* Strong analytical skills to pull data, conduct data analysis, and drive business results through data driven business proposals

* Proficient skills in SQL and Python

* Preferred: knowledge/skills in Decision Trees and/or Tableau

* Strong communications and presentation skills

* Ability to collaborate well with teammates and business partners and influence business decisions

* 7+ years of related experience with a Bachelor's degree; or 5+ years of related experience with a Master's or PhD degree

Keywords: SoFi, Philadelphia , Credit Risk Manager - Consumer Lending, Executive , Claymont, Pennsylvania

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