Funding Circle is the largest and fastest-growing small business loan marketplace, operating in the US and UK. Funding Circle USA is a web-based lender that is fundamentally changing how small businesses access capital and from where that capital comes. Our marketplace connects small businesses looking for $25-500K of loans with individual investors and institutions directly, delivering ease, efficiency and significant economic value to our customers. The opportunities ahead of us are unbound; we think big, and if you do too, then come join our talented team.
The Risk Manager will report to the Director of Credit and will be responsible for developing analytic and statistical tools for loan underwriting and portfolio management. Key functions for the position include:
Data Analysis: The Risk Manager will analyze industry-wide data and Funding Circle USA data to identify trends in small business and loan performance that will be used to enhance Funding Circle USA’s underwriting policy and process.
Data Sourcing: The Risk Manager will play a critical role in identifying data sources to layer in to Funding Circle USA’s automated underwriting process. The manager will conduct research on viable data sources, establish and manage relationships with data vendors, negotiate deals with such vendors and determine the explanatory power of individual data sources for overall loan performance.
Credit Scorecard & Forecast Model Development: The candidate will build on his or her data analyses to iterate on and optimize Funding Circle USA’s credit scoring algorithms and help develop the company’s Probability of Default and Loss Given Default models. These will be critical in shaping Funding Circle USA’s broader underwriting and risk policies.
3+ years of experience in data analytics and development of risk models and scorecards
Background in applied statistics in a credit, underwriting or banking environment
Experience with small business, commercial lending or franchises a plus
Working knowledge of at least one statistical package (SAS, SPSS, Matlab, R, etc) and MS Excel
Knowledge of Cassandra / Hadoop is a plus
Enthusiasm for a fast-paced, team-oriented start-up environment with long hours expectations
Identification with our mission “to empower small businesses through innovation in finance and technology”
Alignment with our core values: Respect, People are Important, Individual Empowerment, Desire to Improve/High Expectations, Do What’s Right, and Service
Compensation will be commensurate with experience and comprise a base salary, performance incentives, equity options and other benefits.
Please contact firstname.lastname@example.org with a resume and cover note (email or attachment) describing your interest.
**Referral Bonus**: Funding Circle USA is grateful for all referrals and will pay a fee in cash or options to anyone who refers a successful hire.