Manager, Fair Lending and Analysis

Manager, Fair Lending and Analysis

Schedule: Hybrid

OneMain is currently seeking a Managerof Fair Lending Analysis. This individual will be responsible for developing and improving Quantitative Fair Lending program for our consumer credit portfolio (Personal Loans, Credit Cards, Automotive loans and Point of sale loans). This role is responsible for the continued development of OneMain’s fair lending analytical governance framework. You will partner with technical and domain specific experts across the organization to stand up processes and frameworks aimed at proactively identifying and reporting on fair lending risk across products and business partners.

Responsibilities:

• Own, enhance, implement, and maintain the OneMain’s Fair Lending Analytics Program, ensuring appropriate Fair Lending statistical analyses are conducted accurately and timely to mitigate fair lending risk across our products.

• Collaborate across multidisciplinary teams - Legal & Compliance, Data Science, Model Risk Management and Operations.

• Proactively learn business model changes including various underwriting and pricing strategies that could introduce fair lending risk across customer life cycle from customer acquisition to servicing.

• Use various statistical techniques like regression and classification tests to report on potential risk areas and perform statistical deep dives to enhance analysis. Build metrics around both statistical and practical significance by building compelling analytical arguments and statistical models.

• Draft clear and concise reports of the results of ongoing monitoring and special assessment projects and present results to Compliance organization

• Provide consulting services to business partners on issues involving identification of realized and emerging fair lending risks.

Qualifications:

• Masters degree in a quantitative field required

• 5+ years' experience in statistics, data science, decision science, or a related quantitative field

• 3+ years experience building statistical models in consumer finance industry

• 3+ years experience with fair lending-related testing, including the following techniques:

  • BISG algorithm

  • Feature/variable proxy testing

  • Shapley or related model proxy testing

  • Statistical significance model proxy testing

• Knowledge of consumer lending products and practices.

• Working knowledge of machine learning models, specifically tree models like  XGboost.

• Excellent analytical and deep dive skills using data analysis and model building.

• Strong ability to create new statistical procedures and metrics to address business problems.

• Strong ability to communicate effectively with colleagues with varying degrees of technical analytics knowledge and experience.

• Strong idea generation and deep-thinking skills with interest in R & D

• Proficient in Python/SAS, SQL and general database skills

Who we Are

OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.

Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.

Because team members at their best means OneMain at our best, we provide opportunities and benefits that make their health and careers a priority. That’s why we’ve packed our comprehensive benefits package for full- and some part-time employees with:

• Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances

• Up to 4% matching 401(k) 

• Employee Stock Purchase Plan (10% share discount) 

• Tuition reimbursement 

• Paid time off (15 days vacation per year, plus 2 personal days, prorated based on start date)

• Paid sick leave as determined by state or local ordinance, prorated based on start date

• Paid holidays (7 days per year, based on start date)

• Paid volunteer time (3 days per year, prorated based on start date)