Senior Credit Manager

SoFiUSA4w ago

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Job description

About the role

As a , you will play a pivotal role in shaping the company's credit strategy and risk management processes. You will be responsible for overseeing credit assessments, developing risk models, and ensuring that our lending practices align with regulatory standards and company objectives. This position offers an exciting opportunity to lead a team of credit analysts and collaborate with cross-functional teams to enhance our credit offerings. Your expertise will directly contribute to SoFi's mission of providing innovative financial solutions to our members.

Key facts

Location: USA

Engagement: Full-time

Salary: Competitive, commensurate with experience

Visa: Sponsorship available for qualified candidates

What you'll do

Lead the development and implementation of credit policies and procedures that support SoFi's lending objectives while ensuring compliance with regulatory requirements.
Analyze credit data and financial statements to determine the creditworthiness of potential borrowers, utilizing advanced risk assessment techniques.
Collaborate with data science teams to enhance credit scoring models and improve predictive analytics for better decision-making.
Manage a team of credit analysts, providing mentorship and guidance to foster their professional growth and ensure high-quality credit assessments.
Conduct regular reviews of credit portfolios to identify trends, risks, and opportunities for improvement, presenting findings to senior leadership.
Work closely with product and marketing teams to develop new credit products that meet market demands while maintaining risk thresholds.
Establish and maintain relationships with external credit bureaus and industry partners to stay informed about best practices and emerging trends in credit risk management.
Prepare detailed reports and presentations for stakeholders, summarizing credit performance metrics and strategic recommendations.
Monitor regulatory changes and industry developments to ensure SoFi remains compliant and competitive in the credit market.
Participate in cross-functional projects that require credit expertise, contributing to initiatives that enhance overall customer experience and operational efficiency.
Develop training materials and conduct workshops for internal teams on credit policies and risk management practices.
Actively participate in the recruitment process for new credit team members, ensuring that the team is equipped with the necessary skills and expertise.

Requirements

Bachelor's degree in Finance, Economics, Business Administration, or a related field; a Master's degree or relevant certification (e.g., CFA, FRM) is a plus.
A minimum of 5 years of experience in credit risk management, preferably within the financial services or fintech industry.
Proven track record of developing and implementing credit policies and risk assessment frameworks.
Strong analytical skills with the ability to interpret complex financial data and make data-driven decisions.
Experience in managing teams and leading projects, with excellent interpersonal and communication skills.
Familiarity with regulatory requirements related to credit and lending practices, including knowledge of consumer protection laws.

Nice to have

Experience with machine learning models and data analytics tools to enhance credit risk assessment processes.
Knowledge of alternative credit scoring methodologies and their application in fintech environments.
Previous experience in a startup or fast-paced environment, demonstrating adaptability and innovation.

Skills & tools

Proficiency in credit analysis software and financial modeling tools.
Strong command of Excel and data visualization tools (e.g., Tableau, Power BI) for reporting and analysis.
Familiarity with programming languages such as Python or R for data analysis and model development.
Excellent problem-solving skills and the ability to think critically under pressure.

Practical notes

This position is based in San Francisco, CA, and may require occasional travel for industry conferences or meetings.
The salary for this role is competitive and will be determined based on the candidate's experience and qualifications.
SoFi is committed to diversity and inclusion, and we encourage applicants from all backgrounds to apply.
Interested candidates should submit their application through the provided link, including a resume and cover letter detailing their relevant experience and interest in the role.