Senior Credit Risk Manager

As a leading financial technology platform, OppFi powers banks to bring credit access to  millions of everyday consumers who are locked out of mainstream financial options. We go beyond our mission - to help people rebuild financial health - and go further to ensure we keep the customer at the center of everything we do. We are creating a Customer-obsessed culture, with the capital “C”. 

And it starts with our team here. We are a team of caring, innovative, and inclusive individuals who thrive in being immersed in diverse talents, expertise, perspectives and backgrounds. Our employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. We welcome individuals who want to make a difference in the financial system through creating and building simple, transparent products that facilitate credit access, enable savings, and build wealth.

A few other fun facts about us. OppFi is an Inc. 5000 company for six straight years, a Deloitte's Technology Fast 500™, the seventh fastest-growing Chicagoland company by Crain's Chicago Business, and was named on Built In's 2022 Best Places to Work in Chicago.

What you'll get to do: 

• Work on the underwriting process across all business segments to identify risk optimization opportunities and then leverage data science & analytical methodologies to design and build custom solutions to address those opportunities (15%).

• Monitor the steps in loan origination for credit decision metrics, alert important partners on trends and come up recommendations on strategies to improve credit performance (10%).

• Manage and develop Opportunity Financials’ credit underwriting strategy, policy and performance across all products (15%).

• Collaborate with cross-functional teams and provide data driven insights and tools to optimize the Growth-Risk trade-offs and thereby help improving the KPIs in their scope of the business (10%).

• Design & Drive multiple experiments and strategy changes that would improve default risk performance, coordinate with departments like Tech and Operation for desired implementation and evaluation of those changes (15%).

• Mentor and manage a team of full-time analysts to drive continuous evaluation in consumer credit behavior trends, build credit risk analytics tools and guide them work in model design, development, and implementation (15%).

• Build and maintain ties with external data vendors. Evaluate new data source for potential value addition to company's business. Perform external data quality validation, statistical tests, and feature engineering to discover new attributes that would increase the efficiency in calculating degree of risk involved in extending credit (5%).

• Build and monitor automated reporting to track trends and behavior in Key Performance metrics around funnel conversion, credit performance and portfolio (5%). Maintain strategic relationship with key stake holders and deliver key insights and measurable results to Leadership (10%).

• ***This position manages credit analysts and/or data scientists. ***The position allows remote work from anywhere in U.S.

What you'll bring to the team:

• Masters’ degree in Computer Science, Business Analytics, Economics, Statistics, Finance, or a related field, or foreign equivalent and 3 years of relevant credit risk experience.
• Position also requires: 3 years of experience in financial services or consulting experience
• 1 year of experience with a project/product management, including managing credit policy changes; experience with credit underwriting processes, FCRA and other consumer federal, state lending regulations and credit bureau data; experience managing large-scale projects with various stakeholders; experience with any project management tool; experience with SQL, R/Python; and experience with credit model development process and methodologies.

Reports to: Vice President, Credit Risk

Job Level: Senior Manager

The salary for this role is $149,635-152,000. The total compensation package includes eligibility for performance-based bonuses as well as a 1-time equity grant based on level.

The actual offer, reflecting the total compensation package and benefits, will be at the company’s sole discretion, and determined by a myriad of factors including, but not limited to, years of experience, depth of experience, and other relevant business considerations.

OppFi is committed to providing an exceptional employee experience from Day 1. Key new hire programs include Day 1 Orientation, training with your manager and team, lunches with our CEO, and an educational summit featuring presentations by our senior leaders. Throughout and beyond your first-year journey, you'll have access to a variety of events focused on culture, inclusion, connection, and education. We want you to feel welcomed, informed, and valued for who you are and what you bring to our company.

• Day 1 - Month 3: Define Your Mission
  You’ll understand our company mission, values, and vision, and how your position at OppFi plays a part in that. With the help of your manager, you’ll set mission-aligned goals to make an impact in your role.

• Months 3 - 6: Define Your Belonging
  You’ll understand OppFi’s culture and know how to engage with and influence that culture.

• Months 6 - 12: Define Your Journey
  You’ll feel confident in your ability to execute in your role and empowered to take next steps in developing your career at OppFi.

Compensation and Benefits

OppFi offers a flexible remote environment, 401(k) matching program, and flexible paid vacation. Other benefits include medical benefits, dental and vision coverage, and tuition reimbursement. To support your wellness & growth, we provide monthly meditation and yoga classes and access to all LinkedIn Learning courses. We also offer Fringe, which is a lifestyle benefits platform that lets you decide how you want to spend your rewards from dozens of vendors like Uber, Doordash, and Urban Sitter. Dress code is casual. 

EEOC Statement

OppFi is an equal opportunity employer and does not discriminate based on any actual or perceived legally recognized protected bases under local, state, or federal law or regulations. Our goal as a company is to build an equitable workplace that actively works to dismantle systems of oppression in our processes, procedures, and interactions. We aim to help our employees thrive where they work and beyond. Check out our Culture page here.

OppFi is committed to the full inclusion of all qualified individuals. As part of this commitment, OppFi will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact our People team at [email protected]. 

Pursuant to the requirements of the California Consumer Privacy Act, OppFi is providing the "OppFi California Employee Privacy Policy", which details the categories of personal information collected and your rights under the policy. If you are a California resident, please review the policy here: https://www.oppfi.com/careers/