Credit Risk Analyst (Senior levels open)
Prosper Other Side Of The Moon, Australia
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Role Overview
The successful candidate will join Prosper's Credit Risk Management Department, leveraging advanced analytics, cutting-edge data, and techniques to develop credit strategies for automated decisions in Prosper's online marketplace. A Credit Risk Senior Analyst at Prosper applies statistical techniques, algorithms, and industry tools to mitigate credit risk related to Personal Loans and Credit Cards. The ideal candidate has strong analytical skills and a passion for innovative problem-solving, helping us stay competitive and fulfill our mission of advancing financial well-being.
Position Details
We are hiring at either Sr. Credit Risk Analyst or Credit Risk Analyst level.
* Sr. Analyst: Bachelor's degree + 5+ years of experience or Master's degree + 3+ years
* Analyst: Bachelor's degree + 2+ years or Master's degree with less experience
Key Responsibilities
* Develop credit strategies to improve performance using data, machine learning, and analytics tools
* Innovate and recommend new approaches to problem-solving
* Design A/B tests and analyze risk-return trade-offs
* Forecast losses for Personal Loans, enhancing accuracy
* Collaborate with Product, Marketing, and Engineering teams to implement and monitor strategies
* Test new data and analytics approaches for continuous improvement
* Conduct ad-hoc risk analysis related to various business areas
* Analyze portfolio performance, identify trends, and perform root-cause analysis
* Communicate findings to Risk Management and broader teams
* Ensure strategies comply with regulatory requirements in partnership with legal and compliance teams
Qualifications
* For Sr. Analyst: Bachelor's in Business, Statistics, Mathematics, Computer Science, Engineering, or Economics + 5+ years of credit/fraud risk management experience, or Master's + 3+ years
* For Analyst: Bachelor's + 2+ years or Master's with less experience
* Experience in consumer lending, credit cards preferred
* Strong analytical, problem-solving, and communication skills
* Proficiency in SQL, Python, Tableau; R and Knowledge Seeker a plus
* Experience with FICO/Fiserv fraud tools beneficial
* Knowledge of segmentation, statistical procedures, and financial analytics
* Curious, proactive, and comfortable in fast-paced environments
What We Offer
* Impactful work with a creative, driven team
* Fast-paced environment with industry leaders
* Flexible time off, health benefits, competitive salary, parental leave
* Wellness resources, virtual workouts
* Additional perks like Udemy access, childcare, pet insurance, legal aid
Compensation
Salary ranges: $101,000 - $132,000 for Credit Risk Analyst, and $127,000 - $158,000 for Sr. Credit Risk Analyst, plus bonuses and benefits. Salaries depend on location, experience, and other factors.
About Prosper
Founded in 2005, Prosper is a pioneer in peer-to-peer lending, helping over 2 million people access affordable credit and originating over $27 billion in loans. Our mission is to improve financial well-being through diverse products and a culture of accountability and innovation. We value diversity, collaboration, curiosity, integrity, excellence, simplicity, and accountability.
We are committed to an inclusive workplace and equal opportunity employment, considering all qualified applicants regardless of background or status, and providing sponsorship for non-US citizens.
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