Credit Risk Manager, Figure
$110-137.5k
+ Up to a 25% Bonus + Equity
More information about location
Blockchain-powered digital lender
Job no longer available
Blockchain-powered digital lender
501-1000 employees
Job no longer available
$110-137.5k
+ Up to a 25% Bonus + Equity
More information about location
501-1000 employees
Company mission
To transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- 5+ years of experience in credit risk management, preferably in the consumer credit industry
- Bachelor/Master’s degree with a quantitative background (e.g. Statistics, Math, Engineering, Economics)
- Strong analytical and problem-solving skills, combined with solid business judgment
- Exceptional written and communication skills, and ability to concisely explain complex insights to a range of audiences
- Strong team player and comfortable interacting with partners across multiple teams and at varying levels of seniority
- Strong technical skills such as SQL, R/Python, Tableau, and the ability to independently access and analyze relational data sets
- Knowledge and experience with statistical analysis techniques and customer segmentation
What the job involves
- We are looking for a Credit Risk Manager to join our growing team
- You will drive cutting-edge analytics to uncover data insights and transform them into actionable business decisions
- The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a mature fintech start-up
- In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional units including Product, Engineering, Capital Markets, Compliance, and Operations
- Your analytical focus will be combined with creative problem-solving as we are constantly on the lookout for innovative data sources and solutions to comprehensively understand our customers’ needs and preferences
- You will also be responsible for managing the company’s credit policies and advising partners on its interpretation and implementation
- This role reports to the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution, and drive portfolio monitoring
- Lead efforts to constantly innovate, iterate, and improve credit underwriting in lending products
- Use analytical techniques to develop insights from historical loan performance data, identify opportunities to underwrite new customer populations, and provide better credit solutions to our existing customer base
- Collaborate with Capital Markets and Business to estimate unit economics of customer and risk segments to support changes in credit box
- Work with the Marketing team to understand the impact of credit policies in the customer acquisition funnel and identify opportunities to enhance conversion
- Develop sizing for credit expansion opportunities to support prioritization decisions and ultimately the growth strategy for the company
- Present Figure’s underwriting approaches to existing and potential investors, and address their concerns on an ongoing basis
- Share insights into credit losses with the Fraud risk management team to allow for appropriate focus on customer defaults
- Design and deploy monitoring frameworks to assess the performance of new product launches and existing customer portfolios, and advise senior management of emerging trends and risks
- Partner with the Legal and Compliance team to ensure strategies and policies comply with all applicable regulatory requirements
- Conduct other ad hoc analyses as required to support the Credit team’s goals
Our take
Figure is the largest non-bank provider of home equity lines of credit, disrupting the lending industry with its blockchain platform, Provenance. The platform works as a registry, ledger, and exchange; handling loans, mortgaging, private credit and private investment.
The company is one of few that offers users the option to leverage their cryptocurrency assets to get loans or mortgages. Betting heavily on the cryptocurrency market has presented both its ups and downs for Figure, but a successful IPO in 2025 suggests its position nowadays is steady.
As digital assets continue to gain mainstream acceptance, there should be ample opportunity for Figure to expand its reach in the future. The company's IPO was supported by Goldman Sachs, Jefferies and BofA Securities, and raised an impressive $787.5 million.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- 100% of premium costs for employees and dependents for medical, dental, and vision insurance
- Reimbursement for approved continuing education (eligible employees)
- 10 company-wide holidays plus one personal holiday
- Generous Flexible Time Away (FTA), Paid Time Off (PTO), and paid parental leave
- Bonus plan (eligible employees)
- Option to purchase a set number of shares of Figure's common stock (eligible employees)
Company HQ
Civic Center, New York, NY
Leadership
Mike Cagney
(Executive Chair & Co-founder)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President & Co-founder)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
Board Member at Cherry and Brex, at the latter of which they previously served as CFO/CBO and then COO. Was also CRO at SoFi.
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