Senior Credit Risk Analyst, Prosper Marketplace
$127-150k
+ Bonus
More information about location
Online P2P lending marketplace
Job no longer available
Online P2P lending marketplace
201-500 employees
Job no longer available
$127-150k
+ Bonus
More information about location
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 5+ years relevant experience managing credit/ fraud risk OR a Master's degree in above areas with 2+ years relevant 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 models and Decision Trees to develop strategies
- Must have strong proficiency in SQL. Knowledge of R, Python, Tableau, 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 Fraud risk strategies that will govern Prosper’s overall fraud mitigation framework across first- and third-party fraud risk
- As a Sr Analyst at Prosper you can apply advanced statistical techniques, algorithms, and industry tools to develop solutions that predict and prevent risk associated with Prosper Personal Loans and Credit Cards products
- Develop and implement Fraud strategies leveraging data, machine learning models and advanced analytics tools to mitigate fraud losses and maintain superior customer experience
- Manage and optimize existing strategies effectively controlling risks due to first party and third-party fraud
- Design A/B tests and understand the risk and customer experience trade-offs
- Lead the efforts to constantly iterate and improve existing strategies while identifying additional automation opportunities
- Continue to innovate by testing new data, analytics approaches and models
- Monitor and analyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance drivers
- Communicate findings and recommendations to the Risk Management and broader Prosper community
- Maintain fraud losses within the allocated annual budget
- Identify and evaluate new vendors / data sources and create business cases and present them to senior management
- Partner with Product, Marketing, Engineering and External Vendor teams to implement strategies and monitor the strategy performance
- Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements
- Bring innovative/out of the box thinking to solve problems and make recommendations
- Conduct ad-hoc analysis related to risk management, product, operations
Our take
Prosper is a peer-to-peer lending platform that 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 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 billions in loans to over two million borrowers.
In more recent years, Prosper has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company. It continues to develop its offering and remains a force in the market, with no reason to believe it won't continue to succeed.
Freddie
Company Specialist at Welcome to the Jungle
Insights
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 HQ
Financial District, San Francisco, CA
Leadership
David Kimball
(Chairman & 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.
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