About Figure

Figure is transforming the trillion dollar financial services industry using blockchain technology.

In five short years, Figure has unveiled a series of fintech firsts using the Provenance blockchain for loan origination, equity management, private fund services, banking and payments sectors - bringing speed, efficiency and savings to both consumers and institutions. Today, Figure is one of less than a thousand companies considered a unicorn, globally.

Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. The team is composed of driven, innovative, collaborative, and curious people who love architecting ground-breaking technologies. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation.

Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the FinTech space!

Forbes America’s Best Startup Employers

Forbes Top 50 Blockchain Companies

Figure Series D Announcement

Credit Risk Manager

About the Role

We are looking for a Credit Risk Manager to join our growing team! You will be responsible for driving cutting edge analytics to uncover data insights and transform them into actionable business decisions. The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a fintech start up. In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional units including Product, Engineering, Capital Markets, Compliance, and Operations. Your analytical focus will be combined with creative problem solving as we are constantly on the lookout for innovative data sources and solutions to comprehensively understand our
customers’ needs and preferences. You will also be responsible for managing the company’s credit policies and advising partners on its interpretation and implementation. This role reports to the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution and drive portfolio monitoring.

About the Role

• We are looking for a Credit Risk Manager to join our growing team! You will be responsible for
• driving cutting edge analytics to uncover data insights and transform them into actionable
• business decisions. The role presents an excellent learning opportunity to work on home equity lines of credit, where you will be accelerating growth in a fintech start up. In this highly visible role, you will be self-driven and passionate about lending economics, delivering great value to our investors, and being an excellent partner to a range of cross-functional units
• including Product, Engineering, Capital Markets, Compliance, and Operations. Your analytical focus will be combined with creative problem solving as we are constantly on
• the lookout for innovative data sources and solutions to comprehensively understand our
• customers’ needs and preferences. You will also be responsible for managing the company’s
• credit policies and advising partners on its interpretation and implementation. This role reports
• to the Senior Director of Risk and will work with stakeholders at all levels to develop credit strategy, advise on execution and drive portfolio monitoring.

What You’ll Do

• Lead efforts to constantly innovate, iterate and improve credit underwriting in lending products
• Use analytical techniques to develop insights from historical loan performance data, identify opportunities to underwrite new customer populations and provide better credit solutions to our existing customer base
• Develop valuation models to estimate unit economics of customer segments and advise the Capital Markets team on performance assumptions and projected yield
• Work with the Marketing team to understand the impact of credit policies in the customer acquisition funnel and identify opportunities to enhance conversion
• Conduct loss forecast analyses on various parts of the loan portfolio
• Develop sizing for credit expansion opportunities to support prioritization decisions and ultimately the growth strategy for the company
• Present Figure’s underwriting approaches to existing and potential investors, and address their concerns on an ongoing basis
• Share insights into credit losses with the Fraud risk management team to allow for appropriate focus on customer defaults
• Design and deploy monitoring frameworks to assess the performance of new product launches and existing customer portfolios, and advise senior management of emerging trends and risks
• Partner with the Legal and Compliance team to ensure strategies and policies comply with all applicable regulatory requirements
• Conduct other ad hoc analyses as required to support the Credit team’s goals

What we look for

• Bachelor/Master’s degree with a quantitative background (e.g. Statistics, Math, Engineering, Economics)
• 5+ years of experience in credit risk management, preferably in the consumer credit industry
• Strong analytical and problem-solving skills, combined with solid business judgment
• Exceptional written and communication skills, and ability to concisely explain complex insights to a range of audiences
• Self-driven, with intense focus on results
• Strong team player and comfortable interacting with partners across multiple teams and at varying levels of seniority
• Strong technical skills such as SQL, R/Python, and ability to independently access and analyze relational data sets
• Knowledge and experience with statistical analysis techniques and customer segmentation
• Experience with data visualization tools (like Tableau)
• Ability to thrive in a fast-paced startup environment

Benefits and Perks

• Competitive salary and growth opportunities
• Company quarterly performance based bonus
• Equity stock options package
• Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
• Employer funded life and disability insurance coverage
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Up to 12 weeks paid family leave
• In office, remote, and hybrid work location options
• Home office and technology stipend for those working outside of a traditional office more than 75% of the time
• Flexible time-off plan to empower employees to take the time off that they want and need
• Continuing education reimbursement
• Routine Team swag deliveries!

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.