Senior Manager of Credit Risk, Current
$180-250k
+ Equity & Discretionary performance bonus program
Online banking & financial services
Be an early applicant
Online banking & financial services
201-500 employees
Be an early applicant
$180-250k
+ Equity & Discretionary performance bonus program
201-500 employees
Company mission
To build the future of banking.
Role
Who you are
- We are looking for a person with exceptional analytical skills, a hands-on approach, and a business owner mentality
- Credit Risk strategist - Has experience in credit risk domain throughout the lifecycle of credit and liquidity products
- Critical thinker - consider problems from all angles to remove bias and touch bottom on key assumptions
- Creative problem-solver - able to find creative solutions that finds win win across constraints and objectives
- Results-oriented - You ground contributions in real business and customer impact and prioritize effectively to maximize speed-to-impact
- Fast learner - you have no problem picking up new skills or tools to get the job done
- Intellectually curious - seek to understand the why behind the numbers and love nerding out over a new insight
- Exceptional written and oral communication skills. You drive alignment through grounded arguments, interpersonal skills, and negotiation skills
- Thrive when working in a fast-moving, ambiguous environment
- Excited by large breadth of problem areas
- 6+ years of management experience in standing up successful new underwriting for credit / liquidity products in digital and start-up environments
- Deep knowledge and experience of underwriting and credit management domains including cash flow and credit data based underwriting, credit and banking data environments, successful underwriting / offer principles that balance revenue and risk, experiment design related to credit, customer behavior, risk modeling and ongoing portfolio management processes
- Demonstrated competencies and capabilities in credit risk analytics across the lifecycle for different products including technical skills in SQL, Python and other modeling tools
- Masters or Undergraduate degree with a quantitative concentration
- Exceptional written and oral communication skills
- Strong people leader and collaborator
- Able to handle competing priorities and influence leadership decision-making
What the job involves
- We are looking for a Senior Manager, Credit Risk to join our team and drive the growth of our Credit and Liquidity products and business.
- This is a critical role for Current at a time of rapid growth. The key objectives of this role are to enable profitable growth of our Credit and liquidity products/businesses by focusing on Credit/underwriting strategy, design, execution, management and continuous improvement
- Develop strategy and roadmap for underwriting of products; drive continuous improvement of existing products to achieve business objectives
- As an individual contributor, frame the credit product design, approach to underwriting analysis and modeling from beginning to end and simulate, iterate, validate the credit underwriting, offer terms
- Be a hands-on leader that works with data analysts, cross-functionally and with external vendors to design, test, deliver, and monitor new underwriting and ongoing account management for our credit/ liquidity products including Paycheck Advance, Overdraft, and Credit Builder
- Work closely with internal stakeholders including: Finance to ensure a well-managed process for provisioning, true-up and release of loss allowances, and for funding strategy and execution; Legal/compliance for regulatory requirements
- Interface with Bank partners on risk-related agenda and processes
Our take
Current is a neobank offering digital banking services, with a focus on younger generations and paycheck-to-paycheck customers. It offers a swathe of innovative services including on-demand pay and overdraft protection to people underserved by traditional institutions.
Younger customers are expected in the coming years to pivot from legacy institutions to the higher functionality and lower costs of consumer-first neobanks like Current. By netting an average customer age of 27, Current is establishing itself as a pack leader among rival but less well-funded neobanks like Step or Till.
It is also successfully competing with legacy institutions by exploiting the relatively adaptive nature of neobanking. Current has previously offered customers advanced access to stimulus checks, and is seeking to expand into crypto. The company continues to raise funding which supports its continued growth and an accelerated path to profitability.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2021
$220m
SERIES D
Nov 2020
$131m
SERIES C
Total funding: $392.6m
Company benefits
- Company equity
- Flexible vacation policy
- Commuter benefits
- Discretionary bonus program
- Medical, Dental & Vision
Company HQ
Little Italy, New York, NY
Leadership
Stuart Sopp
(Founder & CEO)Worked as a Trader for BNY Mellon and Deutsche Bank for a combined 9 years before serving as Head of Trading at Citi and Morgan Stanley. Left this role after 5 years to found Current in June 2015, working as CEO ever since.
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