Senior Director, Credit Risk

This is a fully remote position, open to applicants in United States.

📋 Description

• Lead Marqeta's underwriting team and formulate strategies to launch and expand successful credit programs.

• Scale the credit underwriting organization to position Marqeta as an innovative leader in the credit industry.

• Mentor and cultivate a high-performing team of credit risk professionals.

• Drive innovation by establishing top-tier credit strategies and underwriting models.

• Serve as the primary representative of Marqeta for underwriting and credit risk strategy with clients and partners.

• Work collaboratively with Product, Risk Operations/Servicing, Finance, and Data teams.

• Build and maintain relationships with external bank partners and customers.

• Oversee portfolio performance and account management for both consumer and commercial credit programs.

• Construct, review, and enhance consumer and commercial underwriting models utilizing statistical modeling and data science.

• Monitor and modify credit policies in response to performance and risk trends.

• Develop credit strategies for co-brand, consumer, and commercial credit card programs.

• Improve underwriting and risk documentation processes.

• Collaborate with bank partners on model validation and governance.

• Report key performance indicators (KPIs) to senior management and external stakeholders.

• Partner with Product to create modern credit stacks and a data strategy using financial, bank, and third-party datasets.

• Articulate Marqeta's credit capabilities and vision to clients and banking partners.

• Offer risk consulting services to bank partners and customers.

⛳️ Requirements

• 12-15+ years of experience in credit underwriting at prominent banks.

• Bachelor's degree or equivalent in Finance, Business, Accounting, Economics, Statistics, Mathematics, or related fields.

• Advanced statistical expertise; a PhD in Statistics, Mathematics, or a quantitative discipline is highly preferred.

• Demonstrated experience with co-brand credit programs.

• Proven background in subprime lending.

• Established experience with consumer credit cards.

• Extensive experience with commercial credit cards.

• Proficiency in Excel and SQL modeling.

• Strong programming and data analytics skills in R or Python.

• Experience in capital markets, including ABS, securitization, warehouse lines, and fraud management (preferred).

• Exceptional communication skills for representing Marqeta to senior executives, clients, and partners.

• Capability to thrive in a fast-paced, dynamic environment and adjust to evolving priorities.

🏝️ Benefits

• Annual bonuses for eligible employees.

• Multiple health insurance options available.

• Flexible time off policy – take what you need.

• Retirement savings program with company contributions and after-tax options.

• Equity in a publicly traded company.

• Employee Stock Purchase Program.

• Family-forming benefits offered.

• Fertility support available.

• Up to 20 weeks of Parental Leave.

• Free therapy sessions provided.

• Financial and professional coaching services.

• Legal advice readily accessible.

• Monthly stipend to support remote work arrangements.

• Annual “development dollars” allocated for personal growth and development.

• Flex First policy allowing freedom to live and work wherever you and your family thrive.