Credit Risk Manager, Figure
$134.6-168.3k
+ Bonus & Equity
More information about location
Blockchain-powered digital lender
Be an early applicant
Blockchain-powered digital lender
501-1000 employees
Be an early applicant
$134.6-168.3k
+ Bonus & Equity
More information about location
501-1000 employees
Company mission
To transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- Bachelor/Master’s degree with a quantitative background (e.g., Statistics, Math, Economics, Computer Science, Engineering, or Business)
- 5+ years in credit risk management or data science within consumer lending
- Comfortable working in a fast-moving, evolving environment where priorities shift, and initiatives move quickly
- Self-driven, with intense focus on results. High curiosity with a proven track record of probing root causes, challenging the status quo, and designing out-of-the-box solutions
- Strong analytical and problem-solving skills, combined with solid business judgment
- Clear, strong communicator who can translate complex data into simple, actionable insights for any audience
- Strong team player and comfortable interacting with partners across multiple teams and at varying levels of seniority
- Advanced proficiency in SQL and Python/R for pulling, cleaning, and modeling complex relational data independently
- Practical application of predictive modeling, customer segmentation, and statistical procedures to evaluate risk and borrower behavior
- Experience with Tableau, Power BI, and Looker
- Adhere to all company security policies and data handling procedures
- Complete mandatory security awareness training within required timeframes
- Promptly report any suspected security incidents or suspicious activity to the Security team
What the job involves
- In this collaborative, high-visibility role, you will harness cutting-edge analytics and alternative data to transform customer insights into winning strategies for our HELOC and secured lending portfolios
- Partnering closely with Capital Markets, Product, Engineering, Servicing, and Compliance, you will oversee credit policies, guide execution, and pioneer creative risk frameworks that safeguard portfolio health while unlocking growth
- If you are a proactive problem solver who loves digging deep into lending analytics, exploring novel data sources, and uniting cross-functional teams around portfolio performance, we want to hear from you
- Continuously refine and modernize credit underwriting strategies using advanced analytics to optimize risk decisions across lending products
- Analyze historical loan performance data to model credit expansion initiatives, identify new customer segments, and optimize funnel conversion
- Perform root-cause analyses on credit losses and default trends, partnering with Fraud Risk Management to sharpen fraud controls
- Develop valuation models to estimate segment-level economics and advise Capital Markets on yield projections and performance assumptions
- Partner with Product, Engineering, and Data Science to design A/B tests that balance risk control, conversion lift, and user experience
- Track and validate pre- and post-implementation performance for all deployed credit and fraud rule changes
- Design monitoring frameworks to track new product launches at a granular segment level, identify emerging portfolio risks, and inform executive decision-making
- Present Figure’s underwriting methodology to investors and serve as a core contact for due diligence and portfolio performance inquiries
- Collaborate with Legal and Compliance to ensure all credit strategies strictly meet regulatory requirements
- Conduct ad hoc quantitative analyses to support broader Credit, Operations, and Product objectives
Our take
Figure is the largest non-bank provider of home equity lines of credit, disrupting the lending industry with its blockchain platform, Provenance. The platform works as a registry, ledger, and exchange; handling loans, mortgaging, private credit and private investment.
The company is one of few that offers users the option to leverage their cryptocurrency assets to get loans or mortgages. Betting heavily on the cryptocurrency market has presented both its ups and downs for Figure, but a successful IPO in 2025 suggests its position nowadays is steady.
As digital assets continue to gain mainstream acceptance, there should be ample opportunity for Figure to expand its reach in the future. The company's IPO was supported by Goldman Sachs, Jefferies and BofA Securities, and raised an impressive $787.5 million.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- 100% of premium costs for employees and dependents for medical, dental, and vision insurance
- Reimbursement for approved continuing education (eligible employees)
- 10 company-wide holidays plus one personal holiday
- Generous Flexible Time Away (FTA), Paid Time Off (PTO), and paid parental leave
- Bonus plan (eligible employees)
- Option to purchase a set number of shares of Figure's common stock (eligible employees)
Company HQ
Civic Center, New York, NY
Leadership
Mike Cagney
(Executive Chair & Co-founder)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President & Co-founder)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
Board Member at Cherry and Brex, at the latter of which they previously served as CFO/CBO and then COO. Was also CRO at SoFi.
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