Credit Strategy - Risk Lead

About the role

As a , you will play a pivotal role in shaping the risk management framework for our credit products. This position is designed for a strategic thinker who can analyze complex data sets and translate insights into actionable strategies that drive business growth while maintaining a robust risk profile. You will collaborate closely with cross-functional teams, including data science, product management, and compliance, to ensure that our credit offerings are both competitive and secure. This is an exciting opportunity to influence the future of credit at a leading fintech company.

Key facts

What you'll do

• Develop and implement comprehensive credit risk strategies that align with SoFi's business objectives and regulatory requirements.
• Analyze credit data and trends to identify potential risks and opportunities, utilizing advanced statistical techniques and modeling.
• Collaborate with data scientists to refine predictive models that assess borrower risk and improve credit decision-making processes.
• Monitor and report on key risk metrics, ensuring that the credit portfolio remains within acceptable risk thresholds.
• Work closely with product teams to design and enhance credit products, ensuring they meet market demands while adhering to risk management standards.
• Lead cross-functional projects aimed at improving risk assessment methodologies and credit underwriting processes.
• Provide insights and recommendations to senior leadership based on data-driven analysis, influencing strategic decision-making.
• Stay abreast of industry trends, regulatory changes, and competitive landscape to proactively adjust risk strategies as needed.
• Mentor and guide junior team members, fostering a culture of continuous improvement and professional development within the risk team.
• Prepare and present reports for internal stakeholders, summarizing risk assessments and strategic initiatives.
• Engage with external partners and vendors to enhance risk management capabilities and tools.
• Participate in audits and compliance checks to ensure adherence to internal policies and external regulations.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related field; advanced degree preferred.
• A minimum of 5 years of experience in credit risk management, strategy development, or a related area within the financial services sector.
• Proven experience with statistical analysis and modeling techniques, including familiarity with tools such as SAS, R, or Python.
• Strong analytical skills with the ability to interpret complex data and translate findings into actionable strategies.
• Excellent communication skills, both verbal and written, with the ability to present complex information clearly to diverse audiences.
• Demonstrated ability to work collaboratively in a fast-paced, cross-functional environment.
• Knowledge of regulatory requirements and risk management frameworks relevant to consumer lending.

Nice to have

• Experience in fintech or technology-driven financial services is a plus.
• Familiarity with machine learning techniques and their application in credit risk assessment.
• Previous experience in a leadership role or managing a team.
• Professional certifications such as FRM or CFA would be advantageous.

Skills & tools

• Proficiency in data analysis and visualization tools, such as Tableau or Power BI.
• Strong understanding of credit risk modeling and statistical analysis methodologies.
• Familiarity with SQL for data extraction and manipulation.
• Ability to utilize project management tools to coordinate and track project progress.
• Competence in Microsoft Office Suite, particularly Excel for data analysis and reporting.

Practical notes

• This position is based in San Francisco, CA, and may require occasional travel for meetings or conferences.
• Candidates must be eligible to work in the United States; visa sponsorship is available for qualified individuals.
• The role may involve working outside of standard business hours to accommodate project deadlines or urgent business needs.
• SoFi offers a competitive salary and benefits package, including health insurance, retirement plans, and opportunities for professional development.

Join SoFi and be part of a dynamic team that is revolutionizing the financial services industry. If you are passionate about credit strategy and risk management, we encourage you to apply and help us shape the future of finance.