Risk Management Director - Unsecured Lending

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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 2+ million 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.

The role

SoFi's Credit group 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 / recovery strategies, and risk and operational data science and analytics. 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 the products and experiences that put our members' interests first.

The Risk Management Director - Unsecured Lending will work in the Credit group and lead the activities to develop and propose value added risk strategies for SoFi's lending products including Personal Loans, Student Loan Refinance, and Private Student Loans.

The Risk Management Director will partner with business partners such as Business Unit, Capital Markets, Product and Engineering to drive revenue, control risk, and provide value to the company and consumers.

This role reports to the Head of Credit for Unsecured Lending.

What You'll Do

• Innovate - Bring your brightest ideas to building risk strategies. This means you will architect the pre-screen, underwriting, and income and employment verification strategies.
• Data Driven - Your deep analysis will power the future of lending with an optimal real-time data ecosystem - including multi-product internal, bureau, third-party, and alternative data sources and uses.
• Iterate, learn, innovate - We are all responsible for innovation and must embrace data-driven decisions
• Build the Future - Work collaboratively with Data Science team to design new machine learning models.
• Control the Risk and Drive Performance Outcomes - Understand credit risk and develop approaches to mitigate loss and responsibly grow revenue. Monitor performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.
• Grow, Grow, Grow - Be inspired by dynamic leaders and our rapidly growing business. We are recruiting the best, brightest, and passionately quantitative team members.
  

Skills And Experience Desired

• Preferred: 10+ years of consumer lending risk strategy, modeling, or risk analytics work experience
• Proven analytical skills with the ability to drive business results through data driven business proposals
• A history of success in leading initiatives and driving results through leading a team or doing hands-on work
• Proven business acumen in lending products such as loans and credit cards
• Proficient skills in SQL and Python
• Preferred: knowledge/skills in Decision Trees and/or Tableau
• Excellent communications skills
• Ability to collaborate well with teammates and business partners and influence business decisions
• Preferred: 12+ years of related experience with a Bachelor's degree; or 10+ years of related experience with a Master's or PhD degree
  

Why You'll Love Working Here

• Competitive salary packages and bonuses
• Comprehensive medical, dental, vision and life insurance benefits
• Generous vacation and holidays
• Paid parental leave for eligible employees
• 401(k) and education on retirement planning
• Tuition reimbursement on approved programs
• Monthly contribution up to $200 to help you pay off your student loans
• Great health & well-being benefits including: telehealth parental support, subsidized gym program
• Employer paid lunch program (except for remote employees)
• Fully stocked kitchen (snacks and drinks)
• These benefits are only applicable to full time employees
  

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.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.