Credit Risk Senior Manager, Marqeta
$153.5-225.8k
Salary dependent on location. Plus equity.
Modern payment & card issuing solutions
Open for applications
Modern payment & card issuing solutions
1001+ employees
Open for applications
$153.5-225.8k
Salary dependent on location. Plus equity.
1001+ employees
Company mission
To be the global standard for modern card issuing, empowering builders to bring the most innovative products to the world.
Role
Who you are
- 8+ years building credit card risk and pricing programs, ideally at a fintech — across consumer and/or commercial underwriting
- Proven ownership across the full credit card lifecycle:
- Credit policy and risk strategy development, monitoring, and adjustment
- Approval, line assignment, and pricing strategy design
- Risk assessments for prospective partners
- Acquisition strategy across card programs
- Bachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related field
- Expert in Excel and SQL modeling
- Comfortable using data to build alignment across stakeholders with competing priorities
- Experience working cross-functionally with product, engineering, finance, compliance, bank partners, and capital providers
- Exceptional communicator — able to translate complex credit concepts for executive, partner, and cross-functional audiences (written and verbal)
- Comfortable in a build environment — moves fluidly between strategy and execution without a large supporting team
- Thrives in fast-paced, dynamic settings with shifting priorities
- Demonstrated ability to adapt credit strategies in response to portfolio performance changes or macroeconomic conditions
What the job involves
- As Marqeta’s Credit Risk Senior Manager, you will lead our credit risk and pricing strategy, helping us launch and scale credit programs from the ground up
- You will drive innovation to establish best in class credit strategies in partnership with internal stakeholders and external bank partners and customers
- You will create something unique in the embedded credit space: a marketplace that enables fintech apps, wallets, and merchants to offer credit products at scale
- Embedded within finance, this role will support Marqeta’s evolving managed credit card programs by shaping credit risk strategy across acquisition and account management, pricing, performance and portfolio monitoring, in partnership with cross functional execution teams across product, engineering, sales, operations and other functional areas
- Credit Strategy & Policy:
- Own end-to-end credit strategy initiatives — from framework design through implementation and ongoing monitoring
- Build, review, and refine consumer and commercial credit card risk and pricing strategies
- Proactively adjust credit card policies based on portfolio performance and risk trends
- Establish strategies that directly drive KPIs: approval rates, new accounts, loss rates, profit margin, and more
- Modeling & Data:
- Partner with data scientists to build best-in-class credit risk and cash flow models
- Work with product to develop modern credit stacks and data strategies leveraging financial, bank, and third-party datasets — enabling underwriting automation at scale
- Capital Markets & Partners:
- Partner with capital markets on securitization structures, warehouse lines, and forward flow deals
- Provide analytical support to co-brand partners, including loss forecasts and profitability analysis
- Governance & Reporting:
- Draft underwriting and risk documentation
- Support bank partners on model validation and governance
- Report KPIs and risk performance to senior management regularly
- Advisory & Cross-Functional Leadership:
- Serve as a risk consultant to bank partners and customers — recommending improvements to credit strategies
- Collaborate across Banking, Product, Finance, and Capital Markets as an internal strategic resource and external-facing advisor
- Your manager: Neha Nanda, Senior Director, Credit Risk
Application process
- Application Submission
- Recruiter video call
- Hiring manager video call
- Virtual “Onsite” consisting of 4-5, 45 min calls
- Offer!
Our take
Marqeta processes payments quickly, offering businesses a more straightforward way to take customer payments with its physical and virtual card solutions. The company has a string of major companies utilizing its flexible and scalable platform, including Uber, Doordash and Square.
The company is rapidly expanding in Europe, with strong growth in processing volumes and new partnerships, including major collaborations with firms like Trade Republic. It also partnered with Visa and Affirm to introduce the Visa Flexible Credential, allowing users to access multiple payment methods on one card.
With a focus on global growth and delivering innovative financial services, Marqeta is targeting new verticals and supporting underbanked businesses. With this aim, the company is on its way to deepening its impact in the fintech space and driving further innovation in payments.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 9 rounds)
May 2020
$150m
LATE VC
May 2019
$250m
SERIES E
Total funding: $542.5m
Company benefits
- Praise: We believe in generously recognizing each other’s talents and contributions, and sharing the goodness we see
- Health and wellness: We cover your premiums for health, dental, and vision. Plus, your pet gets his/her/its own insurance, on us
- Flexible time off: We take time to relax and recharge when needed. We have unlimited time off for most employees and encourage an average of 5 weeks per year
- Marqeta paid family leave: We support all families. We offer 12 weeks of paid leave for all new parents and up to 20 for birthing parents. We also offer 4 weeks of caregiving leave
- 401k match: We invest in your future. We’ll match 50% of your contribution and up to 6% of your salary
- Meaningful equity: As owners of the company, we’re all in this together. Full-time employees will receive equity in Marqeta
- Giving back: We recognize we’re part of a larger community and encourage employees to donate their time and expertise to organizations they support
- Monthly stipend: You’ll get an additional monthly stipend on your paycheck to help fund your daily commute, cell phone, and/or internet connectivity
- Stock discount: The Employee Stock Purchase Program allows employees to buy discounted company stock
Company HQ
Northgate - Waverly, Oakland, CA
Leadership
Jason Gardner
(Founder & Board Member)Having studied at Arizona State University, worked in Management for Benettar Marble & Granite, NetManage and Gartner Group. Then founded PropertyBridge and spent 2 years at MoneyGram before founding Marqeta as CEO in 2010.
Mike Milotich
(CEO)Spent a decade at VISA, ultimately serving as SVP (Head of Corporate Finance and Investor Relations). Was also Commercial Analytics Lead for PayPal and a Senior Financial Analyst at Barclays Global Investors.
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