Full-Time

Credit Risk Manager

Confirmed live in the last 24 hours

Majority

Majority

51-200 employees

Mobile banking services for migrants

Consumer Software
Fintech

Senior, Expert

Miami, FL, USA

In-person position based out of Wynwood office in Miami, FL.

Category
Risk Management
Finance & Banking
Required Skills
Data Science
Machine Learning
Marketing
Data Analysis
Requirements
  • 7+ years of experience in analytics & strategy roles.
  • Experience leading strategy and credit risk management for credit products, preferably in Subprime & New to Credit space.
  • Experience managing analyst teams.
  • Strong expertise in credit product economics, with a proven track record in managing valuations, decision frameworks, and credit strategies.
  • Experience leading model development (or being the key business stakeholder) for machine learning models used in underwriting, pricing, and marketing decisions.
  • Bachelor's or master's degree.
Responsibilities
  • Oversee credit risk management to ensure the economic viability of lending products and maximize customer lifetime value.
  • Build and lead a high-performing team of analysts and data scientists to manage credit risk end-to-end, from strategic ideation to execution and monitoring.
  • Develop valuation (LTV) frameworks for credit card products.
  • Lead a multi-year credit roadmap building customer management and account servicing policies.
  • Build credit policies, terms, pricing structures, and ranges for new credit products collaborating with Product, Engineering, Legal, Compliance, and external partners.
  • Forecast and monitor new customer and portfolio performance to ensure goal achievement and continuous improvement.
Desired Qualifications
  • Preferred experience in fintech startups or working on new initiatives.

MAJORITY provides a mobile banking solution tailored for migrants, offering services like international money transfers, mobile top-ups, and personalized financial advice. The mobile app allows users to send money abroad without fees, save money, and make free international calls to over 20 countries. MAJORITY focuses on the unique financial needs of migrants, addressing challenges such as high transfer fees and limited access to traditional banking. Unlike competitors, MAJORITY emphasizes multilingual customer support and community engagement, creating a supportive environment for its users. The company's goal is to simplify banking for migrants, helping them manage their finances and stay connected with their families.

Company Stage

Series B

Total Funding

$95.6M

Headquarters

Stockholms kommun, Sweden

Founded

2019

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-3%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • MAJORITY's expansion into Texas positions it strategically near the U.S.-Mexico border.
  • The $37.5 million Series B funding boosts MAJORITY's capacity for innovation and expansion.
  • The growing U.S. immigrant population presents a substantial market opportunity for MAJORITY.

What critics are saying

  • Emerging competition from niche digital banks could challenge MAJORITY's market share.
  • Regulatory scrutiny on account opening requirements may impact MAJORITY's customer acquisition.
  • Geopolitical risks at the Texas border could affect MAJORITY's operations.

What makes Majority unique

  • MAJORITY offers a unique banking solution tailored specifically for migrants.
  • The company provides multilingual support and personalized financial advice for diverse migrant communities.
  • MAJORITY's app-based platform includes fee-free international money transfers and discounted international calls.

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