Senior Manager, Credit Risk

SENIOR MANAGER, CREDIT RISK

At Current, we’re on a mission to enable our members to create better financial outcomes for themselves. Headquartered in NYC, we’re a leading U.S. fintech and one of the fastest growing companies with over 5 million members. No matter your title, we welcome everyone to build great products, grow quickly, and make an impact together.

ABOUT THE ROLE:

We are looking for a Senior Manager, Credit Risk to join our team and drive the growth of our Credit and Liquidity products and business. This is a critical role for Current at a time of rapid growth. The key objectives of this role are to enable profitable growth of our Credit and liquidity products/businesses by focusing on Credit/underwriting strategy, design, execution, management and continuous improvement.   We are looking for a person with exceptional analytical skills, a hands-on approach, and a business owner mentality.

KEY RESPONSIBILITIES:

• Develop strategy and roadmap for underwriting of products; drive continuous improvement of existing products to achieve business objectives
• As an individual contributor, frame the credit product design, approach to underwriting analysis and modeling from beginning to end and simulate, iterate, validate the credit underwriting, offer terms
• Be a hands-on leader that works with data analysts, cross-functionally and with external vendors to design, test, deliver, and monitor new underwriting and ongoing account management for our credit/ liquidity products including Paycheck Advance, Credit Card and Personal Loans
• Work closely with internal stakeholders including: Finance to ensure a well-managed process for provisioning, true-up and release of loss allowances; Finance for funding strategy and execution; Legal/compliance for regulatory requirements
• Interface with Bank partners on risk related agenda and processes

ABOUT YOU:

• Credit Risk strategist - Has experience in credit risk domain throughout the lifecycle of credit and liquidity products
• Critical thinker - consider problems from all angles to remove bias and touch bottom on key assumptions
• Creative problem-solver - able to find creative solutions that finds win win across constraints and objectives
• Results-oriented - You ground contributions in real business and customer impact and prioritize effectively to maximize speed-to-impact. 
• Fast learner - you have no problem picking up new skills or tools to get the job done.
• Intellectually curious - seek to understand the why behind the numbers and love nerding out over a new insight
• Exceptional written and oral communication skills. You drive alignment through grounded arguments, interpersonal skills, and negotiation skills.  
• Thrive when working in a fast-moving, ambiguous environment
• Excited by large breadth of problem areas

REQUIREMENTS:

• 6+ years of management experience in standing up successful new underwriting for credit / liquidity products in digital and start up environments
• Deep knowledge and experience of underwriting and credit management domains including cash flow and credit data based underwriting, credit and banking data environments, successful underwriting / offer principles that balance revenue and risk, experiment design related to credit, customer behavior, risk modeling and ongoing portfolio management processes
• Demonstrated competencies and capabilities in credit risk analytics across the lifecycle for different products including technical skills in SQL, Python and other modeling tools
• Masters or Undergraduate degree with a quantitative concentration
• Exceptional written and oral communication skills.
• Strong people leader and collaborator.
• Able to handle competing priorities and influence leadership decision-making

This role has a base salary range of $180,000.00 to $250,000.00. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

BENEFITS:

• Competitive salary 
• Meaningful equity in the form of stock options 
• 401(k) 
• Discretionary performance bonus program 
• Semi-annual performance reviews
• Medical, Dental and Vision premiums covered at 100% for you and your dependents 
• Flexible time off and paid holidays 
• Generous parental leave policy
• Commuter benefits 
• Fitness benefits
• Healthcare and Dependent care FSA benefit 
• Healthcare advocacy program for all employees 
• Access to mental health apps 
• Team building activities