Credit Risk Senior Analyst, Underwriting

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Credit Cards, FintechIndustries

Requirements

Candidates must possess a Bachelor's degree in Mathematics, Statistics, Economics, Finance, or a related quantitative field, with a minimum of 3 years of professional experience in credit risk analysis within a financial institution. Advanced proficiency in SQL and experience with statistical modeling, including machine learning techniques, are essential. Demonstrated ability to solve complex problems independently, exceptional attention to detail, and strong communication skills for presenting data to leadership are also required. A Master's degree in a related field, proficiency in Python and R, experience with automated decision engines, and in-depth knowledge of credit card industry regulations are considered advantageous.

Responsibilities

The Credit Risk Senior Analyst will lead underwriting strategy for credit programs, driving innovation in credit strategies and underwriting models. This role involves evaluating and refining credit policies and models for consumer and SMB credit cards to minimize losses and enhance profitability. Responsibilities include developing and implementing data-driven strategies for portfolio management, conducting risk segmentation and empirical analyses, building dashboards, and presenting KPI/KRI reports to senior management. The analyst will also maintain knowledge of relevant regulations and compliance requirements.

Skills

Credit Risk Analysis

Underwriting

Credit Policies

Credit Models

Data-Driven Strategies

Risk Segmentation

Loss Forecasting

Line Management

Empirical Analysis

SQL

Statistical Modeling

Machine Learning

Problem-Solving

Data Presentation

Regulatory Compliance

Communication Skills

Marqeta

Card issuing and payment processing solutions

About Marqeta

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

Oakland, CaliforniaHeadquarters

2010Year Founded

$526.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program

Risks

Class action lawsuit may harm Marqeta's reputation and investor confidence.

Increased regulatory scrutiny could raise compliance costs for Marqeta.

EWA platforms might disrupt Marqeta's traditional card issuing model.

Differentiation

Marqeta's open API platform allows for highly customizable payment solutions.

The company operates in 40 countries, offering a global card issuing platform.

Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

Upsides

Partnership with Slope taps into the growing Buy Now, Pay Later market.

Demand for flexible working capital solutions boosts Marqeta's embedded finance offerings.

Smarter AI models enhance Marqeta's payment processing capabilities.

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