Credit Risk Manager, Risk Management – Credit Card

  • Full Time
  • FL-Other, TX-Dallas, UT-Salt Lake City
  • Management

Website SoFi SoFi

Shape a brighter financial future with us!

The role

SoFi’s Risk Management team has responsibility for ensuring growth in lending and other member related activities are consistent with the company’s risk appetite.  The team holistically manages enterprise, credit, deposit products, fraud prevention, portfolio management, infrastructure, and business operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, and works to ensure risk policies enable a member-first experience.

The Credit Risk Manager will support credit risk management for SoFi Credit Card business, which serves over 140,000 members since the product launch in early 2021. She/he will have responsibilities to analyze and evaluate data and partner with the cross-functional team to bring value added risk management strategies for the Card business. She/he will have tremendous opportunities to shape and contribute to the learnings, innovations and growth. She/he will use business knowledge, sound judgment and analytical skills to help drive revenue, control risk, and enhance member experience. This role reports to the Senior Director, Risk Management – Credit Card.

What you’ll do:

  • Innovate… Bring your brightest ideas to building risk strategies. You will architect credit underwriting, pre-screen targeting, A/B testing and portfolio management strategies.
  • Data Driven… Your deep analysis will power the future of credit card, using a comprehensive data ecosystem – including multi-product internal data, credit bureaus and alternative data sources.
  • 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 credit card or consumer lending 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 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

Why you’ll love working here:

  • Competitive salary packages and bonuses
  • Comprehensive medical, dental, vision and life insurance benefits
  • Generous vacation and holidays
  • Paid parental leave for eligible employees
  • 401(k) and education on retirement planning
  • Tuition reimbursement on approved programs
  • Monthly contribution up to $200 to help you pay off your student loans
  • Great health & well-being benefits including: telehealth parental support, subsidized gym program

*These benefits are only applicable to full time employees

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