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Full-Time

Associate Director

Credit Policy & Analytics

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Mid, Senior

Wilmington, DE, USA

Hybrid position requiring in-office presence.

Category
Risk Management
Finance & Banking
Required Skills
Python
Management
R
SQL
MATLAB
Marketing
Business Strategy
Data Analysis
Requirements
  • Bachelor’s degree (Graduate degree is a plus) in a quantitative discipline such as Engineering, Statistics, Economics, Business Management or Computer Science.
  • 6+ years of pricing, risk underwriting or risk portfolio management experience within a personal loan or cards portfolio
  • 2+ years of people management/leadership experience
  • Innovative and capable of developing a highly analytical approach to solving problems
  • Advanced analytical skills using SAS, SQL, R or Python
  • Hands on experience with decision tree analyses and segmentation tools like CART, knowledge seeker, etc.
  • Experience building advanced models using statistical analysis tools or machine learning
  • Experience partnering horizontally and influencing other organizations such as technology, marketing, and operations
Responsibilities
  • Take lead to design, recommend, document and execute consumer credit underwriting and pricing strategies via extracting and analyzing requisite historical customer performance data from multiple disparate systems
  • Utilize data query tools (i.e., R, SAS, SQL, MATLAB, Python) and decision tree analytical software to develop, test and execute analyses and reporting
  • Leverage traditional regression model and machine learning algorithm to understand the key drivers and estimate customer behaviors by different strategy treatment
  • Drive profitable business growth via developing strategy optimization framework with a full credit-cycle view
  • Independently complete analyses, draw conclusions, present results to all levels of leaders and influence business/strategy decision
  • May effectively prioritize competing initiatives across direct reports; translate strategic priorities into individual/team initiatives and manage expectations
  • Identify performance opportunities in team members and take the appropriate steps to improve the capabilities of the team

OneMain Financial provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the U.S.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

N/A

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • OneMain's acquisition of Foursight Capital expands its reach into the auto lending market, diversifying its portfolio and growth opportunities.
  • The company's Build: Credit Fundamentals education program demonstrates a commitment to financial literacy, potentially fostering long-term customer loyalty.
  • Significant investments from firms like Adage Capital Partners and Benjamin F. Edwards & Company indicate strong market confidence in OneMain's business model and growth prospects.

What critics are saying

  • Facing a class action lawsuit over alleged Military Lending Act violations could damage OneMain's reputation and financial standing.
  • The competitive consumer lending market requires continuous innovation and adaptation to maintain market share.

What makes OneMain Financial unique

  • OneMain Financial specializes in serving nonprime consumers who often lack access to traditional banking services, setting it apart from many competitors.
  • The company's securitization platform, Springleaf Funding Trust, provides a unique method of capital generation through bundling and selling loans as securities.
  • OneMain's extensive branch network across 44 states enhances its customer-centric approach, offering personalized financial solutions both online and offline.