Credit Risk Manager, Figure
$136.6-168.3k
+ Quarterly 25% bonus target & equity stock options package
Blockchain-powered digital lender
Be an early applicant
Blockchain-powered digital lender
201-500 employees
Be an early applicant
$136.6-168.3k
+ Quarterly 25% bonus target & equity stock options package
201-500 employees
Company mission
Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- 5+ years of experience in credit risk management, preferably in the consumer credit industry
- Bachelor/Master’s degree with a quantitative background (e.g. Statistics, Math, Engineering, Economics)
- Strong analytical and problem-solving skills, combined with solid business judgment
- Exceptional written and communication skills, and ability to concisely explain complex insights to a range of audiences
- Strong team player and comfortable interacting with partners across multiple teams and at varying levels of seniority
- Strong technical skills such as SQL, R/Python, Tableau, and the ability to independently access and analyze relational data sets
- Knowledge and experience with statistical analysis techniques and customer segmentation
What the job involves
- We are looking for a Credit Risk Manager to join our growing team!
- You will drive cutting-edge analytics to uncover data insights and transform them into actionable business decisions
- The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a mature fintech start-up
- In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional units including Product, Engineering, Capital Markets, Compliance, and Operations
- Your analytical focus will be combined with creative problem-solving as we are constantly on the lookout for innovative data sources and solutions to comprehensively understand our customers’ needs and preferences
- You will also be responsible for managing the company’s credit policies and advising partners on its interpretation and implementation
- This role reports to the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution, and drive portfolio monitoring
- Lead efforts to constantly innovate, iterate, and improve credit underwriting in lending products
- Use analytical techniques to develop insights from historical loan performance data, identify opportunities to underwrite new customer populations, and provide better credit solutions to our existing customer base
- Collaborate with Capital Markets and Business to estimate unit economics of customer and risk segments to support changes in credit box
- Work with the Marketing team to understand the impact of credit policies in the customer acquisition funnel and identify opportunities to enhance conversion
- Develop sizing for credit expansion opportunities to support prioritization decisions and ultimately the growth strategy for the company
- Present Figure’s underwriting approaches to existing and potential investors, and address their concerns on an ongoing basis
- Share insights into credit losses with the Fraud risk management team to allow for appropriate focus on customer defaults
- Design and deploy monitoring frameworks to assess the performance of new product launches and existing customer portfolios, and advise senior management of emerging trends and risks
- Partner with the Legal and Compliance team to ensure strategies and policies comply with all applicable regulatory requirements
- Conduct other ad hoc analyses as required to support the Credit team’s goals
Our take
Figure handles loans and mortgaging. They are disrupting manual compensation surveys and traditional industry software with their blockchain platform, Provenance, which works as a registry, ledger, and exchange.
The company has branched from offering student loans into many products such as mortgages, personal loans, blockchain-based private credit and private investment opportunities. In 2020, they started seeking a national bank charter to simplify their business and offer better security.
The company is focusing on building blockchain-backed solutions and now offers its customers the option to leverage their cryptocurrency assets to get loans or mortgages and is one of the only companies to do so. Figure is betting heavily on the success of the $1 trillion cryptocurrency market and blockchain industry, and laid off 20% of its staff in July 2023 in preparation for an IPO bid. This IPO is targeted specifically at Figure's lending division, which saw massive growth over 2022 and 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-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
- Continuing education stipend
- Paid parental leave
- Flexible paid time off
- Stock options
- Work from home opportunities
- Health insurance
Company values
- Transparent
- Entrepreneurial
- Positive
- Mission driven
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Mike Cagney
(Executive Chair)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)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.
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