Senior Credit Manager

3 days ago Be among the first 25 applicants

This range is provided by SoFi. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$/yr - $/yr

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Who we are:

Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way.

Join us to invest in yourself, your career, and the financial world.

The team

SoFi’s Credit team manages credit risk activities for our lending products (Student Loan Refinance, Private Student Loan, Personal Loan, Credit Card, and Mortgage) — including credit strategies/policies for new account origination and portfolio management, collections/recovery strategies and operations, and risk and operational data science and analytics. The team designs data-driven strategies to ensure the growth in lending is consistent with the company’s risk appetite and helps create the products and experiences that put our members’ interests first.

Responsibilities:

• Innovate and architect algorithmic risk strategies, including credit underwriting, pre‑screen targeting, and risk tier assignment.
• Leverage deep data analysis to power the future of lending with a real‑time data ecosystem – including multi‑product internal, bureau, third‑party, and alternative data sources.
• Iterate, learn, and innovate with a test‑and‑learn mentality and data‑driven decision making.
• Collaborate with business partners across Business Units, Operations, Marketing, Finance, Legal, and Compliance to deliver successful business results and partner closely with implementation teams.
• Control risk and drive performance outcomes by developing approaches to mitigate loss and responsibly grow revenue, monitoring portfolio performance, documenting results, escalating issues, and identifying gap opportunities.
• Challenge the status quo by continuously raising the bar and building better processes to build the best products in the industry.
• Grow professionally within a dynamic, rapidly growing business.

Qualifications:

• 7+ years of related experience in consumer lending (loans or credit cards).
• Business acumen and experience in consumer lending business.
• Direct experience in the credit strategy analytical life cycle, including strategy and decision‑tree development, P&L, presentation, implementation validation, and post‑implementation monitoring.
• Proven analytical skills using customer performance data, bureau attributes, and other 3rd‑party variables.
• Proficiency in Excel, SQL, and Python for data exploration and credit modeling.
• Strong communication skills to synthesize and present analysis to senior management.
• Results‑driven, collaborative, and eager to learn in a fluid environment.
• Knowledge of decision trees, regression, logistic regression, test design.
• Preferred: 7+ years of personal loan credit risk experience.
• Preferred:
  Experience developing credit strategies using innovative data like cash flow or alternative data.
• Preferred:
  Advanced degree (Master’s or PhD) in a quantitative major such as Statistics, Mathematics, Engineering, or Computer Science.

The base pay range for this role is listed above. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at So Fi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, gender identity, national origin, age, disability, marital status, sexual orientation, genetic information, military or veteran status, or any other basis prohibited by applicable state or federal law. The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. New York applicants:
Notice of Employee Rights. SoFi is committed to an inclusive culture and offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email  Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.