Senior Manager, Credit Risk

As Marqeta’s Senior Manager, Credit Risk, you will lead our credit risk and pricing strategy, helping us to launch successful credit programs. You will drive innovation to establish best in class credit strategies in partnership with internal stakeholders and external bank partners and customers.

Embedded within finance, this role will support Marqeta’s evolving managed credit card programs by shaping credit risk strategy across acquisition and account management, pricing, performance and portfolio monitoring, in partnership with cross functional execution teams across product, engineering, sales, operations and other functional areas.

We work Flexible First. This role can be performed remotely in the United States, only in one of our Premium or National locations, which you can review here.

The Impact You’ll Have

• Build, review, and refine Marqeta's consumer and credit card risk and pricing strategies

• Proactively monitor and adjust Marqeta’s credit card policies based on performance and risk trends

• Work with data scientists to build best in class credit card risk and cash flow models

• Establish credit card strategies for our consumer and commercial credit card programs that directly drive KPIs, i.e., approval rates, new accounts, loss rate, profit margin etc.

• Draft underwriting and risk documentation, work with bank partners on model validation and governance, and report KPIs to senior management on a regular basis

• Partner with product to build modern credit stacks and data strategy leveraging financial, bank, and third-party datasets, to enable underwriting automation with big data.

• Provide analytical support and materials (loss forecasts, profitability) for capital markets and co-brand partners

• Provide risk consulting services to our bank partners and customers, recommending improvements to credit strategies

Who you are

• 8+ years of experience building credit card risk and pricing programs (at a fintech preferred)

• Has led credit card risk assessments for prospective partners

• Has owned credit policy development, monitoring and adjustment

• Has designed approval, line assignment, and pricing strategies for credit cards

• Has directed acquisition strategy across card programs

• Experience collaborating with product, engineering, finance, compliance, bank partners, and capital providers to bring best-in-class credit strategies and solutions to market

• Expertise in Excel and SQL modeling

• Experience in any one of the following:

• capital markets (e.g., Forward Flow deals), and

• fraud management

• Strong verbal and written communication skills

• Able to work in a fast-paced, dynamic environment and adapt to changing priorities

• Bachelor's degree or equivalent college-level education in Finance, Business, Accounting, Economics, Statistics, Math or similar fields

Your Manager

Neha Nanda, Senior Director, Credit Risk

Our (typical) process:

• Application Submission

• Recruiter video call

• Hiring manager video call

• Virtual “Onsite” consisting of 4-5, 45 min calls

• Offer!

Compensation and Benefits

Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:

• National: A baseline tier that applies to most of the geographic territory of the United States.

• Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WA

• Premium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.

Visit this page or consult with a Recruiter to determine which tier would be applicable to you.

When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is:

• Premium+: $206,800- $258,500

• Premium: $190,200 - $237,800

• National: $175,800 - $219,700

We also believe in recognizing the contributions of our people. That's why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Along with monetary compensation, Marqeta offers

• Multiple health insurance options

• Flexible time off – take what you need

• Retirement savings program with company contribution and after tax contributions

• Equity in a publicly-traded company and an Employee Stock Purchase Program

• Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave

• Free therapy sessions, financial and professional coaching, and legal advice

• Monthly stipend to support our remote work model

• Annual “development dollars” to support our people growth and development

• Through Flex First, the freedom to live and work wherever you and your family thrive