Senior Credit Risk Analyst, Cleo AI
Credit Builder Card
Plus equity
AI personal finance assistant
Job no longer available
AI personal finance assistant
201-500 employees
Job no longer available
Plus equity
201-500 employees
Company mission
To change the world’s relationship with money.
Role
Who you are
- We strongly encourage applications from people of colour, the LGBTQ+ community, people with disabilities, neurodivergent people, parents, carers, and people from lower socio-economic backgrounds
- Bachelor’s degree in Engineering, Math, Finance or other quantitative discipline; Masters degree is a plus
- 3-5 years of analytical experience, preferably in a credit risk role at a FinTech company
- Experience in designing lending products compliant with US state and federal regulations
- Experience in SQL, Python or other statistical modeling tools
- Knowledge of state of the art machine learning techniques
- Advanced Microsoft Excel skills
- Experience working on A/B testing
- Detail-oriented with exceptional organizational skills
- Ability to work in a fast-paced environment and meet aggressive deadlines
- Experience working in business intelligence tools
- Excellent written and oral communication skills
What the job involves
- We’re seeking an entrepreneurial senior credit risk analyst to help us build our next generation of credit underwriting models and strategy
- As we launch new credit products for our Cleo+ subscription service, you will have the opportunity to relentlessly leverage data, data science, experimentation and analytics to understand and manage credit risk and enable profitable growth of our portfolio
- You will work closely with our data science, product, engineering, and finance teams and will interact with business stakeholders across many departments
- Leverage Cleo’s proprietary data and third party data to reduce loss rates and improve customer experience
- Optimize our risk thresholds, policies and strategy to expand member access and eligibility criteria of our credit products
- Apply your expertise in quantitative analytics to understand drivers of risk and suggest strategies to mitigate them
- Build dashboards to monitor and report the performance of credit products
- Design, execute, and analyze the results of experiments across our credit product
- Leverage state of the art techniques to combat and mitigate fraud risk
- Willingness to challenge the conventional thinking and try new ideas to solve complex business problems
- Maintain a strong data driven culture within the company by interacting with diverse internal functions
Application process
- Following an initial call with one of our Talent Partners, you'll start with a short take home task, assessing your credit modelling skills, which you'd present to our Head of Credit Strategy for 45 minutes
- After that, we'd move to a 60 minute technical interview, followed by a final interview comprised of two 45 minute sessions: firstly with two stakeholders to discuss cross-team collaboration and alignment to our values, and secondly with our Chief Credit Officer to discuss career motivations
Our take
People are increasingly not satisfied with the products being offered by traditional banks, which have proven slow to react to the needs of younger consumers who expect more from their everyday experiences.
Cleo was one of the first companies to make great use of chatbots that sit within Facebook's messenger app. This chatbot-first approach and Gen Z user base have given it strong virality. It now has millions of registered users, 99% of which are based in the US, leading to a decision to take a year break from the UK market to focus on its US Gen Z customers. And after a successful year in the US its now eyeing up a return to the UK.
Its Series C funding will help the company to double down in the US, where it will make a significant increase in employee headcount, and enable Cleo to maintain and expand its service during an economic downturn.
Financial advice delivered via bots is a crowded space, so Cleo benefits from having a strong brand presence. It has gone for very bold, fun, Gen Z-focused messaging which helps it to stand out from competitors such as Emma, Plum, and Chip.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jun 2022
$80m
SERIES C
Dec 2020
$44m
SERIES B
Total funding: $137.5m
Company benefits
- Meaningful equity with early exercise, plus top-ups on promotion
- Up to 26 weeks’ parental leave
- Paid 1-month sabbatical every 4 years
- Comprehensive health, dental & vision insurance
- Pension/401K match up to 6%
- Learning & development budget
- Mental health support via Spill
- Flexible working for a healthy work–life balance
- Work remotely from one of our hiring locations, with a hybrid option in our London office (1+ day/week)
- Annual company off-sites
- Company-wide performance reviews every 6 months
- Clear progression plans with opportunities to lead, grow, and challenge the status quo
- We’ll cover your OpenAI subscription
Company values
- Make it Happen - Own the outcome. Lend a hand, take a hand. Fast execution.
- No bullsh*t - Intellectually honest. Go hard on problems, not people. Data-backed decision making.
- Learn at Speed - Jump in and figure it out. Dig deep, do it right. Learn what matters.
- Bring Good Vibes - Read the room, lift the room. Show up for others. Keep it real, keep it positive.
Company HQ
London, UK
Leadership
Barnaby Hussey-Yeo
(Founder & CEO)Previously a Data Scientist at Wonga, one of the companies that pioneered the smart use of data for loan decisions. Joined Entrepreneur First where Cleo was formed.
Salary benchmarks
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Diversity, Equity & Inclusion at Cleo AI
- We’ve set up an internal committee of truly passionate people that are dedicated to ensuring Diversity and Inclusion is embedded in how we all operate as a team. We agree on meaningful actions, and get on with implementing them. We have three main focuses right now, which are:
- 1) Improving SocioEconomic diversity across the company
- 2) Increasing the number of women in Leadership roles
- 3) More community outreach
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