Credit Risk Analyst, Prosper Marketplace
$100-125k
Plus bonus
Online P2P lending marketplace
Be an early applicant
Online P2P lending marketplace
201-500 employees
Be an early applicant
$100-125k
Plus 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
- An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways
- Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 2 years relevant experience managing credit/ fraud risk OR a Master's degree in above areas without experience
- Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus
- Strong analytical and problem-solving skills
- Experience using machine learning and statistical models to develop strategies
- Must have strong proficiency in SQL, Python and Tableau. Knowledge of R and Knowledge Seeker will be a plus
- Fiserv and/or FICO fraud tool experience is a plus
- Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team
- Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required
- Curious to ask questions, probe into reasons and challenge the status quo
- Self-starter and comfortable dealing with ambiguity
- Strong ownership and motivation to drive business results
- Ability to work in a fast-paced environment and meet deadlines without sacrificing quality
What the job involves
- The successful candidate will join Prosper’s Credit Risk Management Department
- The team leverages advanced analytics tools, cutting edge data and techniques to develop credit strategies that govern automated credit decisions in Prosper’s online marketplace
- A Credit Risk Analyst at Prosper can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent credit risk associated with Prosper Personal Loans and Credit Cards products
- The faster and more agile risk strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being
- Develop credit strategies to improve the credit performance by using data, machine learning models and advanced analytics tools to optimize risk decisions
- Bring innovative/out of the box thinking to make recommendations and to approaching/solving problems
- Design A/B tests and understand the risk-return trade-offs
- Develop loss forecasting projections for Personal Loan and Improve forecasting accuracy
- Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance
- Continue to innovate by testing new data, analytics approaches and models
- Conduct ad-hoc analysis related to risk management, investor services, product, and operations
- Analyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance driver
- Communicate findings and recommendations to the Risk Management and broader Prosper community
- Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements
- The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives
- The opportunity to work in a fast-paced environment with experienced industry leaders
Our take
Prosper is a peer-to-peer lending platform, meaning that instead of lending money itself, it 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 Prosper’s largest rival, 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 more than $20 billion in loans to nearly 1.5 million borrowers.
The company certainly felt the effects when the marketplace lending industry crashed in 2016, with more than $1 billion wiped from the company’s valuation. Since then, Prosper has secured new funding and continues to develop. In recent years the company has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
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 values
- Accountability
- Collaboration
- Excellence
- Diversity
- Simplicity
- Integrity
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
David Kimball
(Chairman and 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 1 more job at Prosper Marketplace