Senior Risk Analyst, Octane
$90-115k
+ Stock option package
End-to-end digital buying experience
Open for applications
End-to-end digital buying experience
201-500 employees
Open for applications
$90-115k
+ Stock option package
201-500 employees
Company mission
To connect people with their passions by making lifestyle purchases fast, easy, and accessible.
Role
Who you are
- Octane is currently seeking a bright and resourceful Senior Risk Analyst to join the Risk team at Octane
- An ideal candidate for this role can parse large volumes of data to get to an answer that generates business value
- They have a scientific mindset and are excited to run the experiments that will further optimize our loan portfolio
- Lastly, they are a structured thinker who can methodically explain their analysis to senior leaders in the risk organization
- Bachelor’s degree, ideally in a quantitative field such as applied math, statistics, econometrics, or engineering
- Minimum 3+ years of experience in risk management at a financial institution, comparable experience in an analytical environment, or related Master’s degree with minimum 2-3 years of related experience
- Self-starter who thrives on autonomy
- Comfort working with large datasets
- Hands-on programming experience with SQL, Python, or other languages preferred
- Strong written and oral communication skills
What the job involves
- The team is responsible for monitoring risk in fraud, credit, dealer and collections areas
- The senior analyst position on the risk team is a high-growth role that provides a comprehensive grounding in consumer risk management
- The senior analyst will have an opportunity to rotate through various functions namely fraud, credit and collections within the risk department
- Optimize strategies to underwrite consumer loan programs within risk and business constraints
- Analyze our portfolio to find sources of incremental yield, mitigate excess risk, and optimize for value
- Design and monitor key KPIs to provide insights into the fraud, credit and collections lifecycle
- Forecast loss and performance under varied credit and economic conditions
- Improve sophistication and technical implementation of current approaches
- Create and maintain credit policy documentation
Our take
Octane Lending is revolutionizing the financing process within the powersports industry. The company's online platform offers streamlined online financing options and has significantly improved customer experience through its technology-driven solutions.
In addition to its core focus, Octane has expanded its offerings to include recreational vehicles, tractors, trailers and electric vehicles. The company collaborates with over 30 original equipment manufacturers (OEMs) and has originated more than $4B in loans through its in-house lender, Roadrunner Financial.
Octane's impressive flurry of funding rounds in 2024 underscores strong confidence in its business model and future growth. The new capital will allow Octane to expand into more markets, all off the back of a milestone year in which it has expanded into marine markets and achieved $5B in aggregate originations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Company benefits
- Medical, Dental, Vision: Generous coverage for you and your dependents
- Generous Parental Leave: As your family grows, ours does too
- 4+ Weeks of PTO: Enjoy your time off & have the encouragement to take it!
- Education Stipend: Up to $3000/year for continuing education
- Competitive 401(k): We match 100% of the first 3% you contribute and 50% of the next 2%, for a total match of up to 4%
- Donation Matching: Octane matches charitable gifts from employees year-round
- Powersports Safety Benefit: Up to $500/year for powersport safety equipment
- Gympass Membership: We offer flexible memberships to thousands of gyms, studios, and apps to support your wellness journey
Company values
- Embrace diversity of people & ideas
- See opportunity not obstacles
- Win as a team
- Own our customers' success
- Ruthlessly prioritize
- Seek truth & test assumptions
Company HQ
Midtown South, New York, NY
Articles
Leadership
Mark Davidson
(Co-Founder & CRO)Previously co-founded Cheggin where they served as the CEO. They also co-founded oDigger and CaptureSEO and worked as a Marketing Manager at Egos Marketing.
André Gregori
(Head of Dealer Products & Co-Founder)Head of Dealer Products at Octane Lending. Previously co-founded Cheggin.
Mark Garro
(Senior Director of Engineering & Co-Founder)Senior Director of Engineering at Octane Lending. Previously served as the CTO at Cheggin and ScholarLocker. They also worked as a Software Engineer at VIVANA Wellness.
Michael Fanfant
(Boardmember & Co-Founder)Board Member at a number of companies including Octane Lending. Also a General Partner at Runa Capital and previously a Strategy Associate at Capital One.
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