SoFi's Credit team needs a Credit Strategy Manager to develop and implement data-driven underwriting strategies for Personal Loans and potentially other lending products, to ensure growth aligns with the company's risk appetite and optimize loss prevention and profit.
Requirements
- Direct experience in the credit strategy analytical life cycle, including strategy and decision tree development, P&L, presentation, implementation validation, and post-implementation monitoring
- Proven analytical skills in conducting sophisticated analysis using customer performance data, bureau attributes, and other 3rd party variables to solve business problems
- Proficient skills in Excel, SQL and Python
- Knowledge/skills in analytical and modeling techniques such as decision trees, regression, logistic regression, test design
- Experience in developing credit strategies using innovative data sources such as cash flow or alternative data (Preferred)
- Advanced degree (Master’s or PhD) with a quantitative major such as Statistics, Mathematics, Engineering, or Computer Science (Preferred)
Responsibilities
- Analyze and evaluate data to develop and propose value-added credit risk strategies and models for SoFi’s lending products.
- Independently develop and implement Personal Loan underwriting strategies that meet our risk appetite.
- Monitor and analyze the risk trends within the portfolio to provide insights and recommendations for strategy enhancement opportunities.
- Architect credit underwriting, pre-screen targeting, and risk tier assignment.
- Conduct sophisticated analysis using customer performance data, bureau attributes, and other 3rd party variables to solve business problems
- Monitor the performance of strategies and portfolios.
- Partner closely with implementation teams to accurately deploy new strategies.
Other
- Employee Applicant Privacy Notice
- 5+ years of related experience
- Business acumen and work experience in the consumer lending business (loans or credit cards)
- A demonstrated ability to synthesize and communicate analysis to business partners and senior management
- High motivation to drive results, eager to learn, and able to work collaboratively in a fluid environment
- 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 accommodations@sofi.com.
- 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.
