Credit Risk Manager, MAJORITY
Office located in Wynwood, FL
All-in-one mobile banking platform for migrants
Open for applications
All-in-one mobile banking platform for migrants
101-200 employees
Open for applications
Office located in Wynwood, FL
101-200 employees
Company mission
To empower migrants to the United States to achieve their financial goals and thrive.
Role
Who you are
- 7+ years of experience in analytics & strategy roles
- Experience leading strategy and credit risk management for credit products, preferably in Subprime & New to Credit space
- Experience managing analyst teams
- Preferred experience in fintech startups or working on new initiatives
- Strong expertise in credit product economics, with a proven track record in managing valuations, decision frameworks, and credit strategies
- Experience leading model development (or being the key business stakeholder) for machine learning models used in underwriting, pricing, and marketing decisions
- Bachelor's or master's degree
What the job involves
- We are looking for a Credit Risk Manager to help us build a brand new Credit Card program
- The role will require laying out the strategic vision and founding principles of underwriting, credit policy, risk models, valuations and loss forecasting
- The objective of this role will be to ensure profitable growth by balancing credit risk management with customer acquisition and retention strategies
- This individual will build and lead a high functioning credit organization
- Oversee credit risk management to ensure the economic viability of lending products and maximize customer lifetime value
- Build and lead a high-performing team of analysts and data scientists to manage credit risk end-to-end, from strategic ideation to execution and monitoring
- Develop valuation (LTV) frameworks for credit card products
- Lead a multi-year credit roadmap building customer management and account servicing policies
- Build credit policies, terms, pricing structures, and ranges for new credit products collaborating with Product, Engineering, Legal, Compliance, and external partners
- Forecast and monitor new customer and portfolio performance to ensure goal achievement and continuous improvement
Our take
The challenges faced by migrants arriving in the U.S. are enormous, and one of the largest examples is the financial hurdles they face. Opening bank accounts, making international phone calls, and accessing payment systems are essential but complex processes, and these challenges are accentuated by increased costs for migrants.
MAJORITY provides a mobile banking service specifically targeted toward helping migrants set up their financial systems in the U.S. The service runs on a monthly subscription fee, giving customers access to fee-free bank accounts with overdrafts, debit cards, and international phone call plans. The service also provides customer service in the user’s native language to help aid in the user experience.
With over 1 million people migrating to the U.S. every year, MAJORITY has tapped into a huge market by recognizing the stresses of financial security upon arrival. Its focus has attracted substantial investment that will expand and enhance Majority's services. By providing easy-to-use services backed with native-language assistance, the startup presents a brighter future for migrants seeking financial solutions in the U.S.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
May 2024
$12.5m
SERIES B
Jun 2023
$9.8m
SERIES B
Total funding: $98.3m
Articles
Leadership
Magnus Larsson
(Co-Founder & CEO)They began their career as a Consultant before spending 3 years at Optimal Telecom and a further 3 at Tele2. While serving as CEO of Rebtel, Magnus co-founded MAJORITY, alongside being a Make Equal Board Member.
Johan Dahlqvist
(CTO)Having studied at Lund University, they worked for 2 years as an Anoto Software Engineer and spent 11 at Tele2. They co-founded MAJORITY in 2019 while serving as CTO of Rebtel.
Johan Granlund
(Co-Founder & COO)They worked at Wunderkind AB before spending 7 years at Tele2 and founding Inventa in 2010. They started working as COO of Rebtel in 2014, before co-founding MAJORITY 5 years later.
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