Credit Risk Lead, Cardless
$160-200k
+ Equity
Office located in Mission District, CA
Co-branded credit card creation platform
Be an early applicant
Co-branded credit card creation platform
21-100 employees
Be an early applicant
$160-200k
+ Equity
Office located in Mission District, CA
21-100 employees
Company mission
To make credit more engaging, rewarding, and accessible.
Role
Who you are
- Bachelor's or Master’s degree in a STEM field or Economics, with a focus on data-driven problem solving (preferred)
- 7+ years of experience in credit risk within the consumer credit industry
- 4+ years of hands-on experience using R, Python, SAS, and SQL to analyze large, complex datasets
- 2+ years of experience in quantitative analysis within a fintech startup
- Strong knowledge of the consumer credit landscape and familiarity with fair lending regulations such as ECOA, FCRA, and TILA
- Proficiency with BI/data visualization tools (e.g., PowerBI, Tableau) to create clear, actionable dashboards
- Experience designing and implementing A/B testing to assess new strategies
- Familiarity with data pipelining, data modeling, and ETL processes
- Ability to thrive in a fast-paced, high-volume environment while managing multiple tasks simultaneously
- Strong communication and presentation skills, with the ability to convey complex analyses clearly
- Experience working with banking partners and third-party data vendors is a plus
- 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
- The Credit Risk Lead at Cardless will oversee credit risk management across all our partner brands.
- This includes leading initiatives around originations (such as credit policy, initial line assignment, and risk-based pricing), account management (e.g., CLI, CLD, Authorization), collections strategies, reporting, loss forecasting, and advanced analytics.
- In this role, you will develop and implement tools to scale risk management processes as we grow our partnerships.
- A strong sense of responsibility is key: you will foster open communication, address concerns proactively, and ensure adherence to policies and procedures.
- Additionally, you'll align with Cardless' risk appetite while balancing customer experience and operational objectives.
- As the company scales, you'll be accountable for identifying, managing, and reporting risks across all areas of the business
- Lead the development and execution of credit risk strategies for both new and existing brand partners
- Conduct advanced analytics, including customer segmentation, optimization, predictive analytics, and machine learning, to manage risk and detect fraud
- Expand the data used in credit decisioning by leveraging proprietary risk models and evaluating third-party data sources
- Build and maintain automated dashboards to track key performance indicators (KPIs) around originations and portfolio performance, presenting insights to senior management
- Design and execute A/B tests to evaluate new strategies, balancing product performance with customer and partner satisfaction
- Collaborate with the Compliance team to ensure all credit risk strategies align with fair lending regulations and principles
- Develop and maintain loss forecasting models to predict charge-offs and recovery rates across different delinquency stages
- Develop and maintain comprehensive Credit Policy manuals and underwriting procedures
- Partner closely with Engineering, Product, and Operations teams to assess operational feasibility and launch MVPs, iterating quickly based on performance
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
-30% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2024
$30m
GROWTH EQUITY VC
Jul 2021
$40m
SERIES B
Total funding: $80m
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 HQ
SoMa, San Francisco, CA
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.
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