The Manager of Risk Management helps manage credit policy and risk performance for Oportun’s Installment loan and Secured Auto products. This role supports improving Oportun’s core intellectual property leveraged in risk decisioning for underserved consumers that often lack a traditional credit bureau score. This is an exciting opportunity in a fast-paced organization where your contributions can have a meaningful impact on increasing access to Oportun’s affordable, credit building loan product for consumers with little or no credit history.
RESPONSIBILITIES:
- Develop and enhance credit strategy to support the Oportun’s Secured and Unsecured Personal Loan products
- Develop and maintain valuation frameworks to determine profitability at the margin. Recommend changes to risk strategies to maximize profitability and ensure required return on capital for all risk segments
- Design and implement new tests to determine optimal loan size amount and term by risk segment. Optimize NPV of loan amount assignment strategy given a set of constraints and assumptions.
- Work closely with Capital Markets and Finance in Securitizations, funding exercises and portfolio projections.
- Closely monitor the credit performance of Oportun’s loan portfolio adjusting risk strategies to ensure desired loss rates
DESIRED SKILLS & EXPERIENCE:
- Master’s Degree in Engineering, Mathematics, Economics, Finance, or other analytical discipline with analytical experience, preferably in the financial service industry (or Bachelor’s Degree with 6+ years relevant experience)
- Exceptional problem solving and analytical skills with the ability to maintain the highest standard of integrity, accuracy and precision
- Solid Microsoft Excel and PowerPoint skills
- Foundational knowledge and understanding of statistical concepts
- Strong SQL/SAS skills and experience with other programming language a plus (R, Python, STATA, Matlab, etc)
- Excellent written and oral communication skills (Spanish language is a plus)
- A relentless problem solver and out of the box thinker in finding ways to improve strategies and processes
Smart, dedicated, compassionate, hungry, fun, and genera