Credit Risk Manager
Miami, FL (in-person)
MAJORITY is a groundbreaking mobile banking service built for migrants, by migrants. Global migration is a 21st-century reality, whether people are following their dreams, love, or new experiences. Our purpose at MAJORITY is to empower the ambitious, the brave, and the talented and help them achieve their dreams. We believe that everyone deserves the same opportunity to succeed. Thus, our mission is to provide migrants the tools they need to thrive in their new country. Come join us!
We are MAJORITY, people without borders from 20+ countries around the world. We're looking for ambitious individuals who are passionate about making a difference and want to help us achieve our mission. If that sounds like you, we’d love to hear from you.
This is an in-person position based out of our Wynwood office in Miami, FL.
We are looking for a Credit Risk Manager to help us build a brand new Credit Card program. The role will require laying out the strategic vision and founding principles of underwriting, credit policy, risk models, valuations and loss forecasting. The objective of this role will be to ensure profitable growth by balancing credit risk management with customer acquisition and retention strategies. This individual will build and lead a high functioning credit organization
as the portfolio scales.
Key Responsibilities
- Oversee credit risk management to ensure the economic viability of lending products and maximize customer lifetime value.
- Build and lead a high-performing team of analysts and data scientists to manage credit risk end-to-end, from strategic ideation to execution and monitoring.
- Develop valuation (LTV) frameworks for credit card products
- Lead a multi-year credit roadmap building customer management and account servicing policies
- Build credit policies, terms, pricing structures, and ranges for new credit products collaborating with Product, Engineering, Legal, Compliance, and external partners.
- Forecast and monitor new customer and portfolio performance to ensure goal achievement and continuous improvement.
Qualifications
- 7+ years of experience in analytics & strategy roles.
- Experience leading strategy and credit risk management for credit products, preferably in Subprime & New to Credit space.
- Experience managing analyst teams.
- Preferred experience in fintech startups or working on new initiatives.
- Strong expertise in credit product economics, with a proven track record in managing valuations, decision frameworks, and credit strategies.
- Experience leading model development (or being the key business stakeholder) for machine learning models used in underwriting, pricing, and marketing decisions.
- Bachelor's or master's degree.
We believe in equal opportunity and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
What We Do
MAJORITY is the first digital financial service dedicated to serving migrants worldwide. For $5 a month, MAJORITY members in the U.S. receive an FDIC-insured account, VISA® debit card, use of more than 50,000 ATMs across North America, remittance and international calling, native language advisors, and access to our network of community meet-up spaces, local discounts and events. With MAJORITY, there are never overdraft fees or minimum balance requirements. MAJORITY was started in Sweden by a diverse team of banking, fintech, payments, and telecom executives serving immigrant communities globally for the last 15 years. MAJORITY’s U.S. headquarters are in Houston, Texas.
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