Credit Risk Oversight Manager

About the role

As a , you will play a pivotal role in shaping the company's approach to credit risk management. You will be responsible for overseeing the development and implementation of risk assessment strategies that align with SoFi's mission to help people achieve financial independence. This position requires a blend of analytical skills, strategic thinking, and leadership capabilities to ensure that credit risk policies are effectively executed across the organization. By leveraging data-driven insights, you will contribute to the enhancement of SoFi's credit portfolio and overall financial health.

Key facts

What you'll do

• Lead the development and execution of credit risk management frameworks that align with SoFi's strategic objectives and regulatory requirements.
• Analyze credit risk data to identify trends, assess potential risks, and recommend actionable strategies to mitigate those risks.
• Collaborate with cross-functional teams, including underwriting, finance, and compliance, to ensure cohesive risk management practices across the organization.
• Develop and maintain comprehensive credit risk policies and procedures, ensuring they are up-to-date with industry standards and regulatory changes.
• Prepare and present detailed reports on credit risk metrics and performance to senior management and stakeholders, providing insights and recommendations for improvement.
• Conduct regular reviews of the credit portfolio to assess performance and identify areas for enhancement or intervention.
• Oversee the implementation of credit risk assessment tools and technologies, ensuring they are effectively utilized to support decision-making processes.
• Mentor and guide a team of analysts, fostering a culture of continuous improvement and professional development within the credit risk department.
• Stay informed about industry trends, emerging risks, and regulatory changes that may impact SoFi's credit risk landscape.
• Engage with external stakeholders, including regulators and credit rating agencies, to ensure compliance and maintain SoFi's reputation in the market.
• Drive initiatives aimed at enhancing the customer experience while managing credit risk, balancing risk appetite with business growth.
• Participate in strategic planning sessions to align credit risk management strategies with SoFi's long-term business goals.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; a Master's degree or professional certification (e.g., CFA, FRM) is preferred.
• A minimum of 5 years of experience in credit risk management, preferably within the financial services sector.
• Proven track record of developing and implementing credit risk policies and frameworks in a fast-paced environment.
• Strong analytical skills with the ability to interpret complex data sets and translate findings into actionable strategies.
• Excellent communication and presentation skills, with the ability to convey technical information to non-technical stakeholders.
• Experience in leading and mentoring teams, fostering a collaborative and high-performance culture.
• Familiarity with regulatory requirements and best practices related to credit risk management.
• Proficiency in credit risk assessment tools and software, as well as advanced Excel skills.
• Strong problem-solving skills and a proactive approach to identifying and addressing potential risks.

Nice to have

• Experience with machine learning or advanced analytics in credit risk modeling.
• Knowledge of alternative data sources and their application in credit decisioning.
• Familiarity with consumer lending products and the associated risk profiles.
• Previous experience in a fintech environment or with digital lending platforms.
• Understanding of the impact of macroeconomic factors on credit risk.

Skills & tools

• Advanced proficiency in data analysis tools such as SQL, Python, or R.
• Familiarity with credit risk management software and platforms.
• Strong understanding of statistical modeling and risk assessment methodologies.
• Excellent project management skills, with the ability to manage multiple priorities effectively.
• Strong interpersonal skills to build relationships with stakeholders at all levels.

Practical notes

• This position is based in the United States, and candidates should be prepared for potential remote work arrangements.
• The role may require occasional travel to meet with stakeholders or attend industry conferences.
• SoFi is committed to fostering a diverse and inclusive workplace; candidates from all backgrounds are encouraged to apply.

META

Company: SoFi

Title: Credit Risk Oversight Manager

Listed

location: United States