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Credit Risk Analyst (Senior & Manager level open) Job Opening In USA, USA – Now Hiring Prosper

Credit Risk Analyst (Senior & Manager level open)

Job description

Your role in our missionThe successful candidate will join Prosper’s Credit Risk Management Department.

The team leverages advanced analytics tools, cutting edge data and techniques to develop credit strategies that govern automated credit decisions in Prosper’s online marketplace.

A Credit Risk Senior Analyst at Prosper can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent credit risk associated with Prosper Personal Loans and Credit Cards products.

An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways.

The faster and more agile risk strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being.We are open to hiring at a Manager, Sr. Credit Risk Analyst or Credit Risk Analyst level:Manager: Bachelor’s degree and 6+ years of working experience or Master's degree with 4+ years relevant experienceSr. Analyst - Bachelor's degree and 5+ years of working experience or Master's degree with 3+ years of working experienceAnalyst - Bachelor's degree and 2+ years of working experience or Master's degree with less experience

How you’ll make an impact

Develop credit strategies to improve the credit performance by using 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

Develop loss forecasting projections for Credit Card and Improve forecasting accuracy

Partner with Product, Marketing and Engineering teams 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

Skills that will help you thrive

Manager level: 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

Sr. Analyst level: Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 5+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 3+ years relevant experience

Analyst level: Bachelor's degree in above areas with 2+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with less experience

Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus

Strong analytical and problem-solving skills

Experience using machine learning and statistical models to develop strategies

Must have strong proficiency in SQL, Python and Tableau.

Knowledge of R and Knowledge Seeker will be a plus

Fiserv and/or FICO fraud tool experience is a plus

Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team

Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required

Curious to ask questions, probe into reasons and challenge the status quo

Self-starter and comfortable dealing with ambiguity

Strong ownership and motivation to drive business results

Ability to work in a fast-paced environment and meet deadlines without sacrificing quality

What we offer

The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives

The opportunity to work in a fast-paced environment with experienced industry leaders

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

Interview process

Recruiter Call: A brief screening to discuss your experience and initial questions

Department Interview: Deeper dive into technical skills and project alignment with the Hiring Manager or team member

Technical Interview: Assesses technical proficiency and problem-solving through live coding, system design, or in-depth technical questions

Team/Virtual Interview: Meet team members for collaborative discussions, problem-solving, or technical exercises

$101,000 - $185,000 a yearCompensation details:The salary for Credit Risk Analyst is $101,000 - $132,000 annually, plus bonus and generous benefits.

In determining your salary, we will consider your location, experience, and other job-related factors.The salary for Sr. Credit Risk Analyst is $127,000 - $158,000 annually, plus bonus and generous benefits.

In determining your salary, we will consider your location, experience, and other job-related factors.The salary for Manager is $151,000 - $185,000 annually, plus bonus and generous benefits.

In determining your salary, we will consider your location, experience, and other job-related factors.#LI-RC1#LI-RemoteAbout UsFounded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest.

Since inception, Prosper has helped more than 2 million people gain access to affordable credit with over $27 billion in loans originated through its platform.

Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, credit, home equity lines of credit (HELOC), and our newest product, HELoan.

Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity.

We realize that new ideas can come from everywhere.

It is important to us that every hire connects with our vision, mission, and core values.

Join a leading fintech company that’s democratizing finance for all! Our ValuesDiversity expands opportunitiesCollaboration creates better solutions Curiosity fuels our innovationIntegrity defines all our relationshipsExcellence leads to longevity Simplicity guides our user experience Accountability at all levels drives results //

Required Skill Profession

Financial Specialists