Director of risk management
Location
Frisco, TX | United States
Job description
Employee Applicant Privacy Notice
Who we are: Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way.
Join us to invest in yourself, your career, and the financial world. About The Role SoFi’s Credit department manages credit risk activities for our lending products (Personal Loan, Student Loan Refinance, Private Student Loan, Credit Card, and Mortgage) - including credit strategies and policies for new account origination and portfolio management, collections and recoveries, and risk and operational data science. The team designs industry leading data driven strategies and services to drive revenue growth and ensure the credit performance is aligned with the company’s risk appetite, and helps create he products and experiences that put our members’ interests first.
The Director of Risk Management, Unsecured Lending will head the credit management for 1) SoFi’s Private Student Loan product and
2) the Income and Employment Verification Strategies across Unsecured Lending products. The director will manage two teams of employees, one for the Private Student Loan and the other for the Verification Strategies.
This role reports directly to the Head of Credit for Unsecured Lending.
By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services for the better.
Key Responsibilities - Control Risk and Drive Performance Outcomes … Understand credit risk. Mitigate loss and responsibly grow revenue by leading the team to develop value-added risk strategies. Monitor the performance of strategies and portfolios. Communicate results and close issues. Identify opportunities and drive actions.
- Data Driven… Your team’s deep analysis will power the future of lending with an optimal real-time data ecosystem – including multi-product internal, bureau, and alternative data sources and uses.
- Iterate, learn, innovate… Bring your brightest ideas to build best-in-class risk strategies. Constantly evaluate the strategy performance, and continue to optimize.
- Lead… Manage a team of risk managers and analysts to effectively drive and execute business objectives. We are recruiting the best, brightest, and passionately quantitative team members.
- Collaboration… Work collaboratively with the Data Science team to design new machine learning models. Partner closely with implementation teams to accurately deploy new strategies. Work with other business partners across Business Unit, Capital Markets, Finance, Legal and Compliance etc. to deliver successful business results.
Qualifications Preferred: 10+ years of consumer lending credit risk strategy experience in loans or credit cards - Strong analytical skills and ability to drive business results through data-driven proposals
- A history of success in leading initiatives and driving results through leading a team and doing hands-on work
- Strong business acumen in consumer lending products
- Record of success to lead, mentor, and motivate team members
- Excellent communications and presentation skills; ability to deliver business proposals and present results to senior management and business partners
- Ability to collaborate well with business partners and influence business decisions
- Preferred: Proficient skills in SQL and Python; knowledge in Decision Trees and Tableau
- Preferred: 12+ years of related experience with a Bachelor’s degree in an analytical discipline; or 10+ years of related experience with an advanced degree in an analytical discipline
Compensation And Benefits The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our
Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email
[email protected].
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.
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