Staff Credit Policy Analyst

About the role

As a , you will play a pivotal role in shaping the credit policies that guide our lending practices. Your analytical skills will be essential in evaluating existing policies and recommending improvements that align with our business objectives and regulatory requirements. This position offers an exciting opportunity to work in a fast-paced environment where your insights will directly impact our growth and customer satisfaction.

Key facts

What you'll do

• Conduct thorough analyses of credit policies and procedures to ensure compliance with regulatory standards and industry best practices.
• Collaborate with cross-functional teams, including risk management, compliance, and product development, to align credit policies with business strategies.
• Develop and maintain comprehensive documentation of credit policies, ensuring clarity and accessibility for stakeholders.
• Monitor industry trends and regulatory changes to proactively adjust credit policies and practices.
• Utilize data analytics tools to assess the effectiveness of current credit policies and identify areas for improvement.
• Prepare detailed reports and presentations for senior management, summarizing findings and recommending actionable strategies.
• Engage in risk assessment activities to identify potential credit risks and develop mitigation strategies.
• Participate in training sessions for internal teams to ensure understanding and adherence to updated credit policies.
• Support the implementation of new credit products by providing insights and recommendations based on policy analysis.
• Assist in the development of credit scoring models and methodologies to enhance decision-making processes.
• Act as a subject matter expert on credit policy matters, providing guidance to other departments as needed.
• Foster a culture of continuous improvement by actively seeking feedback and implementing best practices within the credit policy framework.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; advanced degree preferred.
• A minimum of 5 years of experience in credit policy analysis, risk management, or a related area within the financial services industry.
• Strong understanding of credit risk assessment methodologies and regulatory requirements.
• Proven ability to analyze complex data sets and translate findings into actionable insights.
• Excellent communication skills, both written and verbal, with the ability to present complex information clearly to diverse audiences.
• Strong problem-solving skills with a keen attention to detail and accuracy.
• Proficiency in data analysis tools such as SQL, Excel, or similar software.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.
• Experience with credit scoring models and their application in lending practices is a plus.

Nice to have

• Familiarity with machine learning techniques as applied to credit risk modeling.
• Previous experience in a fintech or digital banking environment.
• Knowledge of consumer protection regulations and compliance standards.
• Certification in credit risk management or a related field.

Skills & tools

• Proficient in data analytics and visualization tools, such as Tableau or Power BI.
• Strong understanding of credit policy frameworks and risk management principles.
• Familiarity with regulatory compliance standards relevant to lending practices.
• Ability to use statistical software for data analysis and modeling.
• Excellent organizational skills and the ability to manage multiple projects simultaneously.

Practical notes

• This position is based in the United States and may require occasional travel for meetings or training sessions.
• The salary for this role is competitive and will be determined based on experience and qualifications.
• SoFi is committed to fostering a diverse and inclusive workplace and encourages applicants from all backgrounds to apply.
• Visa sponsorship is available for qualified candidates, ensuring that we can attract top talent from around the globe.

Join SoFi as a Staff Credit Policy Analyst and be part of a team that is redefining the financial services landscape. Your expertise will help us create innovative credit solutions that empower our members to achieve their financial goals. If you are passionate about credit policy and want to make a significant impact in a growing company, we encourage you to apply today!