Senior Manager, Credit Risk

SENIOR MANAGER, CREDIT RISK

Current is a leading consumer fintech platform transforming financial access for everyday Americans with over five million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes.

ABOUT THE ROLE:

We are looking for a Senior Manager, Credit Risk to join our team and drive the growth of our Credit and Liquidity products and business. This is a critical role for Current at a time of rapid growth. The key objectives of this role are to enable profitable growth of our Credit and liquidity products/businesses by focusing on Credit/underwriting strategy, design, execution, management and continuous improvement. We are looking for a person with exceptional analytical skills, a hands-on approach, and a business owner mentality.

KEY RESPONSIBILITIES:

• Develop strategy and roadmap for underwriting of products; drive continuous improvement of existing products to achieve business objectives
• As an individual contributor, frame the credit product design, approach to underwriting analysis and modeling from beginning to end and simulate, iterate, validate the credit underwriting, offer terms
• Be a hands-on leader that works with data analysts, cross-functionally and with external vendors to design, test, deliver, and monitor new underwriting and ongoing account management for our credit/ liquidity products including Paycheck Advance, Overdraft, and Credit Builder.
• Work closely with internal stakeholders including: Finance to ensure a well-managed process for provisioning, true-up and release of loss allowances, and for funding strategy and execution; Legal/compliance for regulatory requirements
• Interface with Bank partners on risk-related agenda and processes

ABOUT YOU:

• Credit Risk strategist - Has experience in credit risk domain throughout the lifecycle of credit and liquidity products
• Critical thinker - consider problems from all angles to remove bias and touch bottom on key assumptions
• Creative problem-solver - able to find creative solutions that finds win win across constraints and objectives
• Results-oriented - You ground contributions in real business and customer impact and prioritize effectively to maximize speed-to-impact. 
• Fast learner - you have no problem picking up new skills or tools to get the job done.
• Intellectually curious - seek to understand the why behind the numbers and love nerding out over a new insight
• Exceptional written and oral communication skills. You drive alignment through grounded arguments, interpersonal skills, and negotiation skills.  
• Thrive when working in a fast-moving, ambiguous environment

• Excited by large breadth of problem areas

REQUIREMENTS:

• 6+ years of management experience in standing up successful new underwriting for credit / liquidity products in digital and start-up environments
• Deep knowledge and experience of underwriting and credit management domains including cash flow and credit data based underwriting, credit and banking data environments, successful underwriting / offer principles that balance revenue and risk, experiment design related to credit, customer behavior, risk modeling and ongoing portfolio management processes
• Demonstrated competencies and capabilities in credit risk analytics across the lifecycle for different products including technical skills in SQL, Python and other modeling tools
• Masters or Undergraduate degree with a quantitative concentration
• Exceptional written and oral communication skills.
• Strong people leader and collaborator.
• Able to handle competing priorities and influence leadership decision-making

This role has a base salary range of $180,000.00 to $250,000.00. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

BENEFITS:

• Competitive salary 
• Meaningful equity in the form of stock options 
• 401(k) plan
• Discretionary performance bonus program 
• Biannual performance reviews
• Medical, Dental and Vision premiums covered at 100% for you and your dependents 
• Flexible time off and paid holidays 
• Generous parental leave policy
• Commuter benefits 
• Fitness benefits
• Healthcare and Dependent care FSA benefit 
• Employee Assistance Programs focused on mental health 
• Healthcare advocacy program for all employees 
• Access to mental health apps 
• Team building activities
• Our modern Chelsea-based office with open floor plan, stocked kitchen, and catered lunches