Principal Business Manager - Head of Underwriting Strategy - Lending at Remitly

Arlington, Virginia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, LendingIndustries

Requirements

10+ years of professional experience in strategy and analytics roles driving financial business decisions
5+ years of professional experience leading consumer lending business strategies using model-based automated customer segmentation and underwriting
3+ years of professional experience recruiting (incomplete in description, but listed)

Responsibilities

Develop and iteratively refine customer risk segmentation, underwriting policy, line assignment and line management strategies for lending products, utilizing data-driven insights and prudent judgement. Ensure optimal outcomes on customer value, customer experience and business profitability, while fulfilling all regulatory requirements
Define and drive organizational alignment on the vision, multi-year learning agenda and roadmap for credit underwriting strategies and risk infrastructure capabilities. Collaborate with Product, Marketing and Engineering on conceptualizing new products, designing MVP and planning scaling campaigns, with a strong focus on driving economic viability and sustainability
Define and own key performance assumptions and KPIs needed to drive the desired risk outcomes, economic returns and resilience of lending products. Build and own LTV models capturing cost and revenue drivers, including integrated value of customers to Remitly
Establish robust monitoring and reporting routines to manage credit risk. Proactively undertake data analysis to bring portfolio and product performance insights and inform future strategies. Present findings and action recommendations to cross-functional stakeholders, secure alignment and drive execution
Partner with Decision Sciences to develop, launch, and monitor credit decisioning models and advanced segmentation strategies. Evaluate new data sources and new tools/capabilities to enhance customer segmentation and underwriting decisions
Drive a culture of experimentation: define and execute A-B tests, and utilize insights to ground product performance assumptions and inform future strategies
Lead and mentor Credit strategy managers and/or analysts, directly or via influence; raise bar on problem framing, data analysis, unit economics, and executional excellence

Skills

Key technologies and capabilities for this role

credit underwritingrisk segmentationunderwriting policyline managementcredit analyticsdata-driven strategyfinancial assessmentcredit risk managementlending strategycustomer LTV

Questions & Answers

Common questions about this position

What does the Head of Underwriting Strategy role entail?

The role involves shaping Remitly's lending strategy, managing credit risk, owning credit underwriting strategies for customer acquisition and management, and designing strategies to deliver customer value, maximize LTV, and control risks.

What specific responsibilities will I have in developing underwriting strategies?

You will develop and refine customer risk segmentation, underwriting policy, line assignment and line management strategies for lending products using data-driven insights, ensuring optimal customer value, experience, profitability, and regulatory compliance.

Who does this position report to?

The position reports to the GM of Credit Underwriting and Risk for Lending.

Is this a remote or on-site position?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters

2011Year Founded

$423.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.

AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.

Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.

The company leverages technology for a seamless user experience via its app and website.

Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.

AI agents in operations could reduce costs and improve Remitly's efficiency.

Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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