The Director will develop and enhance credit strategies using ML and data analytics, oversee credit quality, and ensure compliance while guiding a team.
Your role in our mission
As the first peer to peer lending marketplace in the United States, Prosper has a history of innovation. As a growing company that generates cash (rare in the valley), Prosper also has a history of generating results.
The Director, Credit Risk Analytics is responsible for underwriting credit strategies and oversight of credit quality and performance of the Personal Loan portfolios. They will review, analyze, and enhance the risk strategies through the use of Machine Learning models and credit data to manage the acquisition growth while delivering expected returns to the investors. They will be responsible for the life cycle of credit management including compliance with requirements of regulators and internal control and will recommend opportunities and propose resolutions for improved efficiency, effectiveness, and/or risk reduction for the portfolio. The Director, Credit Risk will work with cross-functional teams in Product, Engineering, Legal/Compliance and Marketing to deliver the credit strategies as per design.
The ideal candidate is expected to bring broad and in-depth consumer lending expertise to the team, be comfortable to be hands-on to guide the team to develop strategies for automated credit decisions, own the end-to-end process to ensure the credit strategies are performing as expected to support business growth while managing credit losses effectively. They should be a passionate business and people leader who has the business acumen and domain expertise to guide the team to tackle challenges in novel and effective ways. Making better, faster and more agile risk strategies keeps our marketplace competitive and ensures that we continue to deliver on our mission of advancing financial well-being.
How you’ll make an impact
- Develop credit strategies to improve the credit performance by using data, ML/AI models and advanced analytics tools.
- Turn findings/gaps into strategy enhancement to present recommendations to the Risk Management and broader Prosper community with the considerations of business impact and cost needed.
- Ensure credit losses remain within the company’s defined risk appetite.
- Bring innovative/out of the box thinking to make recommendations and approaching/solving problems.
- Design and evaluate A/B tests, with a strong understanding of risk–return trade-offs.
- Identify and evaluate new vendors / data sources and create business cases.
- Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance.
- Conduct ad-hoc analysis related to risk management, investor services, product, and operations.
- Analyze portfolio performance at a granular segment level on an ongoing basis, identify key performance drivers and emerging trends.
- Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements.
- Have experience with credit loss forecast and stress testing exercise.
Skills that will help you thrive
- Master’s degree or higher in Business, Statistics, Mathematics, Engineering, Economics, or a related field.
- 10+ years of experience managing acquisition credit risk within Credit Card or Personal Loan businesses, with strong business acumen and deep knowledge of credit management. Experience in loss forecasting is a strong plus.
- 5+ years of people leadership experience, with a proven ability to develop and mentor high-performing teams.
- Demonstrated ability to thrive in a fast-paced environment and meet deadlines without compromising quality.
- Outstanding thought leadership, with the capability to build, refine, and elevate credit strategy frameworks through innovative and structured approaches.
- Exceptional communication skills, both written and verbal, with the ability to articulate complex analyses and technical subject matter clearly and succinctly to internal stakeholders, external partners, and Senior Management.
- A quick thinker who can confidently address questions on unfamiliar topics with clarity and conviction.
- A strong team player with a collaborative mindset and a business-owner mentality, able to partner effectively across functions.
- Ability to work productively in a hybrid work environment, balancing remote and in-person collaboration effectively.
What we offer
- The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives.
- The opportunity to work in a fast-paced environment with experienced industry leaders.
- Flexible time off, comprehensive health coverage, competitive salary, paid parental leave, and other wellness benefits.
- A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through Perkspot.
- The ability to work remotely in the United States.
Interview process
- Recruiter Call: A brief screening to discuss your experience and initial questions.
- Department Interview: Deeper dive into technical skills and project alignment with the Hiring Manager or team member.
- Team/Virtual Interview: Meet team members for collaborative discussions, problem-solving, or technical exercises.
- Final Round: Discussion with a department head/executive.
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About Us
Founded in 2005, Prosper introduced U.S. consumers to an innovative new approach to personal finance called peer-to-peer lending. Twenty years later, Prosper has helped over 2 million customers achieve financial well-being through a comprehensive suite of products. Prosper’s flagship personal loan marketplace continues to offer a unique value for borrowers and investors alike. Home equity loans and lines of credit through Prosper provide homeowners a range of options and choices for tapping into the equity they’ve worked hard to build. The Prosper® Card supports people seeking access to credit and flexibility in managing their finances. Regardless of the product, Prosper is dedicated to meeting people where they are in their financial journey, in order to advance their financial well-being.
We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!
Our Values
Diversity expands opportunities
Collaboration creates better solutions
Curiosity fuels our innovation
Integrity defines all our relationships
Excellence leads to longevity
Simplicity guides our user experience
Accountability at all levels drives results
www.prosper.com
Our Story & Team // Our Blog
Applicants have rights under Federal Employment Laws.
Family & Medical Leave Act (FMLA)
Equal Employment Opportunity (EEO)
Employee Polygraph Protection Act (EPPA)
California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA.
At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill set and diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.
Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.
Top Skills
Advanced Analytics Tools
Machine Learning
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