The Role
As the first peer to peer lending marketplace in the United States, Prosper has a history of innovation. As a growing company that generates cash (rare in the valley), Prosper also has a history of generating results.
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 and 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
Problems You Will SolveDevelop credit strategies to improve the credit performance by using data, statistical models and advanced analytics tools Turn findings/gaps into strategy enhancement to present recommendations to the Risk Management and broader Prosper community with the considerations of business impact and cost neededMaintain credit losses within the risk appetiteBring innovative/out of the box thinking to make recommendations and approaching/solving problemsDesign A/B tests and understand the risk-return trade-offsIdentify and evaluate new vendors / data sources and create business casesPartner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performanceConduct ad-hoc analysis related to risk management, investor services, product, and operationsAnalyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance drivers Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirementsHave experience with credit loss forecast and stress testing exerciseAbout YouMaster’s degree in Business, Statistics, Mathematics, Engineering or Economics10+ years of experience managing credit risk in consumer lending industry5+ 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 frameworkExceptional communication skills in both written and oral – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management teamA team player – collaborate with people across functionsBusiness owner mentalityAbility to work in fast-paced environment and meet deadlines without sacrificing qualityAbility to work productively in a remote/in-person hybrid working environment What We OfferThe opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's livesThe opportunity to work in a fast-paced environment with experienced industry leadersFlexible time off, comprehensive health coverage, competitive salary, paid parental leave, and other wellness benefitsA bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through PerkspotThe ability to work remotely in the United States
#LI-SK1
#LI-remote
About Us
Founded 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 Values
Diversity expands opportunities
Collaboration creates better solutions
Curiosity fuels our innovation
Integrity defines all our relationships
Excellence leads to longevity
Simplicity guides our user experience
Accountability at all levels drives results
Applicants have rights under Federal Employment Laws.
At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill set and diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.
Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.
