Associate of Credit Risk, Avant
Card
$77-110k
Plus annual bonus
More information about location
Personal credit FinTech
Be an early applicant
Personal credit FinTech
501-1000 employees
Be an early applicant
$77-110k
Plus annual bonus
More information about location
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- Bachelor’s Degree in Finance, Economics, Math, Engineering, or related field
- 3+ years of relevant credit risk experience, preferably in the credit card or personal loan industry
- Strong analytical and problem-solving skills
- Proficiency in SQL and Python
- Excellent communication and interpersonal skills
- Ability to work independently and as part of a team
- Master’s degree preferred
What the job involves
- We are seeking a proactive and analytical Credit Risk Associate to join our team
- The associate will be responsible for managing and evaluating credit risk, developing risk mitigation strategies, and collaborating with internal teams to ensure effective risk management for our Credit Card product
- This position will work in a broad variety of risk related topics, optimizing Avant’s portfolio for responsible growth
- Manage credit risk assessments and analyses for various portfolios
- Develop and implement detailed credit risk models and tools
- Conduct thorough data analysis to evaluate risk and performance metrics
- Design and implement measured experiments to evaluate future policy expansions
- Prepare and present comprehensive risk reports for senior management
- Collaborate with internal teams to develop and execute risk mitigation strategies
- Build and maintain unit economic models to measure the profitability of credit risk initiatives
- Monitor industry trends and economic factors affecting credit risk
- Develop and present business cases for new credit risk initiatives
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company values
- Authenticity. We show up to work as our whole selves and make sure others can too
- Collaboration. We can only succeed when we do so as a team
- Problem-Solving. The harder the problem, the more satisfying the solution
- Customer. We are all owners of the customer experience
- Initiative. Plan. Adapt. Get Sh!t Done
Company HQ
River North, Chicago, IL
Articles
Leadership
Al Goldstein
(Co-Founder & Executive Chair)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
Matthew Bochenek
(CEO)Has been with the business since 2013, working in a range of positions including Head of US Servicing, Head of Operations and COO - before becoming CEO in 2021. Previously spend a decade at Superfund Asset Management.
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