About Figure
Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We’re delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency – by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets.
Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We’re very profitable and growing fast!
Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek.
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About the Role
We are looking for a Credit Risk Manager to join our growing team! You will drive 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 mature 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
- Collaborate with Capital Markets and Business to estimate unit economics of customer and risk segments to support changes in credit box
- Work with the Marketing team to understand the impact of credit policies in the customer acquisition funnel and identify opportunities to enhance conversion
- 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
- 5+ years of experience in credit risk management, preferably in the consumer credit industry
- Bachelor/Master’s degree with a quantitative background (e.g. Statistics, Math, Engineering, Economics)
- 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
- 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, Tableau, and the ability to independently access and analyze relational data sets
- Knowledge and experience with statistical analysis techniques and customer segmentation
Salary
- Compensation Range: $134,640 - $168,300
- Quarterly 25% bonus target
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & Accrued PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
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.
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What We Do
Figure has applied blockchain technology across a series of real-world applications that are delivering real and immediate value to everyday consumers across sectors, including loan origination, private company cap table and fund management, security markets and payments. Figure has and continues to develop innovative products and services that seek to bypass traditional incumbents within the financial services industry.
Simply put, Figure is delivering on the promise of blockchain technology. Over $15B in transactions have been conducted on the Provenance Blockchain, a layer 1 designed for financial services, built and deployed by Figure.
As one of the first lenders to fully use blockchain technology, Figure is driving adoption across the lending ecosystem and providing stakeholders the benefit of an immutable record of asset ownership on the Provenance Blockchain. Figure’s HELOC product has enabled over 85,000 households across 45 states to unlock a combined $6 billion in equity from their homes. These lines of credit give people the opportunity to fund home improvement projects, secondary education, and more.
Figure is a regulatory powerhouse, boasting over 200 lending, servicing and money transmission licenses, SEC approval as an Alternative Trading System, and FINRA approved broker-dealer status. While some fintech companies aim to compete with traditional banks, Figure has stuck to expanding use cases for blockchain in finance and creating tech-enabled solutions for deep financial change in the markets. The company's iterative approach to product development has helped it to meet the evolving needs of its customers.
Why Work With Us
Figure creates tech-enabled, cutting-edge solutions for deep financial change, meeting the evolving needs of its customers. As the only firm leveraging blockchain technology to create real-world applications and immediate value to everyday consumers, Figure is effectively bridging the gap between the digital asset and traditional finance spaces.
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