Senior Director of Credit Risk Analytics, Prosper Marketplace
$240-338k
+ bonus
Online P2P lending marketplace
Be an early applicant
Online P2P lending marketplace
201-500 employees
Be an early applicant
$240-338k
+ bonus
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- The ideal candidate brings deep consumer lending expertise but remains endlessly curious
- You will be a hands-on leader who guides the team in developing automated decisioning strategies, owning the end-to-end process to support profitable growth while effectively managing credit and fraud losses
- We are looking for a passionate business and people leader with the acumen and domain expertise to tackle challenges in truly innovative ways, ensuring we continually deliver on our mission of advancing financial well-being
- Education: Master’s degree or higher in Business, Statistics, Mathematics, Engineering, Economics, or a related quantitative field
- Experience: 12+ years of experience managing credit risk within the Credit Card or Personal Loan sectors. Deep knowledge of credit and fraud risk management, with a strong business acumen. (Experience in loss forecasting is a strong plus)
- Leadership: 7+ years of people leadership experience, with a proven ability to mentor, develop, and inspire high-performing, innovative teams
- Exceptional Communication: Outstanding written and verbal communication skills. You can articulate complex analyses and technical processes clearly, succinctly, and persuasively to internal stakeholders, external partners, investors, and executive leadership
- Collaborative Mindset: A strong team player and a relationship-builder. You possess a business-owner mentality and an open-minded approach that allows you to partner effectively across diverse functions and viewpoints
- Agility: Demonstrated ability to thrive in a fast-paced environment and meet deadlines without compromising quality. A quick, agile thinker who can confidently and constructively address questions on unfamiliar topics with clarity and conviction
- Thought Leadership: The capability to build, refine, and elevate credit strategy frameworks through structured, yet highly innovative approaches
- Flexibility: Ability to work productively in a hybrid environment, balancing remote and in-person collaboration effectively
- We encourage you to apply even if your experience doesn't precisely match the job description
What the job involves
- The Senior Director, Credit Risk Analytics is a pivotal leadership role responsible for credit underwriting, pricing, verification strategies, and the overall credit performance of our Personal Loan business. In this role, you will review, analyze, and elevate our credit, pricing, and verification strategies by leveraging ML/AI models and data to drive profitable growth and attractive investor returns
- You will own the entire lifecycle of credit risk management. Because this touches every part of our business, you must be a strong collaborator who can work seamlessly across Capital Markets, Product, Engineering, Legal, Compliance, Operations, and Marketing
- Innovate and Optimize: Develop cutting-edge credit, pricing, and verification strategies to continually enhance credit and fraud performance using data, ML/AI models, and advanced analytics tools. Bring an out-of-the-box mindset to our credit and fraud risk management framework, balancing risk-return trade-offs with creative solutions
- Drive Strategy and Action: Translate complex findings into actionable enhancements. Present data-driven recommendations to executive leadership and the Credit Risk Committee, always weighing business impact and resource allocation
- Master External Communication: Serve as a trusted voice to our investors, translating complex data into clear, compelling narratives and insights that build confidence and transparency
- Champion Cross-Functional Collaboration: Partner seamlessly with the Capital Markets, Product, Marketing, Operations, Legal, Compliance, and Engineering teams. Cultivate an open-minded environment where internal and external stakeholders can work together to implement and monitor high-performing strategies
- Manage Risk Appetite: Ensure credit losses consistently remain within the company’s defined risk appetite. Oversee credit loss forecasting and stress testing exercises
- Discover New Capabilities: Identify, evaluate, and build business cases for new vendors, alternative data sources, and emerging technologies
- Monitor and React: Analyze portfolio performance at a granular segment level on an ongoing basis to identify key performance drivers, spot emerging trends, and implement strategy changes as needed
Our take
Prosper is a peer-to-peer lending platform that connects investors with borrowers directly. When it launched in 2005, it was the first of its kind and paved the way for the now crowded peer-to-peer lending market, which includes competitors like Peerform, Upstart, Funding Circle and LendingClub.
The company provides an attractive option by cutting out the middleman and making applications faster, meaning that socially and financially rewarding investments can be made. Prosper is one of the largest and most recognized in this industry, having facilitated billions in loans to over two million borrowers.
In more recent years, Prosper has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company. It continues to develop its offering and remains a force in the market, with no reason to believe it won't continue to succeed.
Freddie
Company Specialist at Welcome to the Jungle
Insights
2% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Sep 2017
$50m
SERIES G
Jan 2013
$20m
LATE VC
Total funding: $153.8m
Company benefits
- Take-what-you-need (paid) vacation for salaried employees
- 20 days of PTO and 7 paid holidays/year for hourly employees
- Stock options
- 401K retirement savings plan with generous matching
- Comprehensive health, dental and vision insurance plans, with options specific to your own health coverage needs
- Prosper Fit - A monthly stipend to use for gym memberships, personal training sessions, yoga and exercise classes, or club sports/fitness fees
- Pre-tax commuter/parking assistance
- Snacks and beverage selections in our kitchen
- Monthly meet-and-greet happy hours
- Perkspot discount programs
- One Medical
- SF Location - Rooftop deck with ping-pong and foosball table
Company HQ
Financial District, San Francisco, CA
Leadership
David Kimball
(Chairman & CEO)Having studied for an MBA at Brigham Young University, David worked in Management at Ford Motor Company for over 10 years, prior to spending another decade at USAA. He left his role as CFO and COO to join Prosper Marketplace in March 2016 as CEO and Chairman.
Share this job
View 10 more jobs at Prosper Marketplace