Senior Risk Analyst, Cardless
$100-140k
+ Equity
More information about location
Office located in Mission District, San Francisco
Co-branded credit card creation platform
Open for applications
Co-branded credit card creation platform
21-100 employees
Open for applications
$100-140k
+ Equity
More information about location
Office located in Mission District, San Francisco
21-100 employees
Company mission
To make credit more engaging, rewarding, and accessible.
Role
Who you are
- 3+ years of experience in credit risk in the consumer credit space
- Excellent analytical skills and experience querying large datasets - fluency in SQL and Excel are must haves
- Knowledge of statistical packages in other programming languages such as Python, SAS or R are a bonus
- Experience with experimental design and A-B testing
- Familiarity with data pipelining, data modeling and ETL processes
- Ability to tell clear stories using data
- Strong understanding of the consumer credit space and familiarity with fair lending regulations such as ECOA, FCRA and TILA
- Effective oral, written and interpersonal communication skills
- Experience working with banking partners and third party data vendors is a bonus
- Cardless employees are required to be fully vaccinated and boosted against COVID-19, and to provide proof of vaccination prior to their first day
What the job involves
- Cardless’s risk team is responsible for the credit and underwriting policy for all of our partner brands as well as our fraud defenses
- We aim to get risk management right in accordance with our risk appetite as our business continues to scale aggressively
- As a Risk Analyst on the risk team, you will be working on iterating our underwriting policy in response to product performance, and building the tools that will allow us to scale risk management across multiple new partners and brands, as well as reviewing our portfolio and incoming applications for suspicious and fraudulent activity
- It’s going to be a monumental task but a challenge of this size should excite you
- Additionally, since we are a startup, you will need to understand the balance between growth and risk and be comfortable making informed tradeoffs when needed
- Build and manage credit policy for our new and current brand partners
- Develop and enhance our proprietary in-house risk models to predict loss behavior
- Perform quantitative analysis to understand vectors of risk and fraud behaviors
- Create rules and strategies around mitigating fraud at all levels - applications, account management and transactions
- Run A-B testing to optimize Cardless’s business processes and strategies
Our take
Cardless is a financial technology company attempting to modernize co-branded credit card programs. There are around 200 brands in the U.S. with traditional cards that haven't been modernized in over 20 years. These traditional cards, from the likes of Costco and Sam's, enable shoppers to collect reward points that they can use for things like travel.
Cardless is helping popular consumer brands (for example, NBA’s Cleveland Cavaliers) launch credit cards so they can engage with their fans and reward them with bespoke benefits. For example, a virtual conversation with a player.
Cardless’ co-founders are no strangers to the financial industry. Michael Spelfogel spent time at Visa and Scott Kazmierowicz worked in banking for Goldman Sachs. Through their experiences they spotted a gap in the market for simple, credit card loyalty programs that focus on customer experiences.
The global credit card market is valued at over $100 billion. It's certainly big enough for consumer brands to enter, however, with Cardless acting as a middle-man, there's always a risk that it could get frozen out by the big banks.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Jul 2021
$40m
SERIES B
Jun 2020
$7m
SERIES A
Total funding: $50m
Company benefits
- 💸 Competitive salaries, equity, and a 401(k) plan
- 🏥 Top-of-the-line healthcare (medical, vision, and dental), with 100% primary coverage and 75% dependent coverage for medical
- 🌴 Unlimited paid time off, with a minimum of 15 days off per year
- 👶 Parental leave for birthing and non-birthing parents
- ✈️ Team trips & offsites
- For in-office employees:
- 🍱 Catered lunch at the office every day, plus plenty of snacks & drinks
- 🚎 $250/month commuter assistance for public transit or our parking garage
- For remote employees:
- 🖥️ $500 remote setup stipend to help you do your best work
Company values
- Be curious and be the solution - We work in a complex space. In order to be successful, we must think globally and collaborate cross-functionally. We ask thoughtful questions without judgment and propose comprehensive solutions that address the full picture. We are all owners at Cardless — mindful and empowered
- Do your best work - We are a team, and we achieve more together than apart. At Cardless, we want to see each other succeed: we take as much pride in each other’s work as our own. We celebrate and seek out diversity of experience, thought, and background in order to accelerate both individual and company growth. We're hungry, we're passionate, and we’re inspired to achieve great things together
- Move fast and build things - We are a startup in a highly regulated space, so we must execute with both speed and precision. We achieve this through deliberate focus, methodical preparation, and disciplined execution. We build, learn, improve, and repeat
- Start with the customer - Our customers are our priority. Our care for them drives our actions. The first question we always ask is: how will this impact the customer? We make every decision, no matter how big or small, with the customer top of mind
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Scott Kazmierowicz
(CEO)Former Investment Banker at Allen & Company and Bank of America. Former Software Engineer at Goldman Sachs. BS in Computer Science at Stanford University.
Michael Spelfogel
(President)Former Data Scientist at Lyft and Rent the Runaway. Formerly in Commercial Card Management at Visa. BASc in Management Science and Engineering at Berkley.
Salary benchmarks
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