Credit Risk Manager

About Figure

Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We’re delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency – by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets.

Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We’re very profitable and growing fast!

Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek.

Wealthfront Career-Launching Company 

Figure Series D Announcement

About the Role

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.

What You’ll Do

• 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

What We Look For

• 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

Salary

• Compensation Range: $134,640 - $168,300
• Quarterly 25% bonus target
• Equity stock options package
• This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Employer-funded life and disability insurance coverage
• 11 Observed Holidays & Accrued PTO plan
• Up to 12 weeks paid family leave
• Continuing education reimbursement

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing  and acknowledging that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. 

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