Senior Risk Analytics Manager, Earnest
$180-215k
+ Restricted Stock Units & Employee Stock Purchase Plan
Student loan provider
Open for applications
Student loan provider
201-500 employees
Open for applications
$180-215k
+ Restricted Stock Units & Employee Stock Purchase Plan
201-500 employees
Company mission
To make higher education accessible and affordable for everyone.
Role
Who you are
- 7+ years of experience in developing or validating risk or loss forecasting statistical models, and credit analytics
- 5+ years of experience in SQL and/or Python programming for data analysis and model development
- Strong business acumen in lending products and sophisticated risk data analysis
- In-depth understanding of model risk governance frameworks
- A proven track record of delivering strong business results in a matrix environment through ownership, innovation, collaboration, and influence
- Excellent communication and presentation skills
- Knowledge of applicable laws and regulations governing the lending industry
- Experience in Business Intelligence / Reporting tools such as Looker or Tableau
- This role will be based in the US
Desirable
- Strong SQL and Python skills to pull data, conduct data analysis, and develop risk or loss forecast models
- Expertise in statistical models
- Expertise in Excel and Google Slides
- Strong verbal and written communication and presentation skills; ability to create clear and concise documentation and explain methodologies and findings to business partners
- Ability to prioritize and multitask on various projects
- Ability to methodically execute complex analytical processes accurately and efficiently
- Intellectual curiosity, critical thinking, and problem-solving skills
- Willingness and interest in independently learning and researching new or better possible ways to solve analytical problems or achieve business goals
- Strong ownership and ability to collaborate well with business partners
What the job involves
- The Senior Risk Analytics Manager will report to the Head of Credit Risk
- Ensure credit policies are appropriately designed, implemented, and updated to manage risk in alignment with the company’s risk appetite
- Ensure adherence to regulatory requirements, internal risk management frameworks, and corporate governance standards related to credit practices
- Partner with the Data Science team to develop and maintain loss forecasting models for the various lending portfolios generated by Earnest
- Incorporate macroeconomic conditions in the forecast and partner with strategy owners to apply quantitative and qualitative overlays as needed
- Independently validate models to ensure they are conceptually sound and perform as intended
- Maintain comprehensive model risk management policies, procedures, and standards in line with regulatory expectations
- Conduct monthly monitoring of loan performance for each of our loan products at vintage and portfolio levels
- Present results with insights on trends and drivers
- Communicate forecast results, insights, and recommendations to leadership and business partners
- Develop modeling and diligence materials to support the execution of business transactions and provide analysis results to management, investors, and external ratings agencies
Our take
Earnest offers student loan refinancing and personal loan products. It looks at thousands of data points such as education, saving patterns, investments, and career trajectory to issue a unique credit score, which can prove a lifeline for students who may otherwise struggle to qualify for loan refinancing.
For the portion of student debtors with low credit scores, Earnest is one of a few scant options. Borrowers can choose their own loan terms to fund up to the full cost of their education, and there are no origination, application, or late fees.
Earnest has grown from distributing $8M loans in its first year of business to an impressive total $18.5 billion in student loans refinanced, and has served upwards of 200,000 people. With student loans representing such a huge sector of lending, there should be plenty of room for Earnest to continue expanding in the future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Mar 2017
$20m
SERIES C
Nov 2015
$75m
SERIES B
Total funding: $127m
Company benefits
- Remote-first flexibility
- Monthly & annual remote work stipends
- Professional development & tuition reimbursement
- $1000 annual travel perk
- Robust 401K package
- No meeting Thursdays
- Annual company-wide offsites
Company HQ
The East Cut, San Francisco, CA
Leadership
Louis Beryl
(CEO)Co-founded SolidEnergy Systems. Was a Part-time Partner at Y Combinator. Is a Board Member of Car Dash and Roofr, and is a Mentor at First Round Fast Track.
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