Head of Credit

Seis is banking built for the 44 million native Spanish speakers living in the US.

We treat Spanish speakers as first class citizens & are ending dial 2 for español.

Our mission is to build the most delightful, full-service banking experience for anyone who wants to bank in their native Spanish. Our goal is to make such an amazing banking experience that people will wish they spoke Spanish so they could bank with us.

Our 1st product was a debit card + checking account that has 100s of thousands of customers. Our 2nd product is the Seis Silver Credit Card, which helps our customers begin to build their credit as soon as they get to the us.

We’ve been covered by CNN, Univision, CNN Español, Solo Dinero, and other press outlets.

We’ve raised more than $34 million from world class investors, including Y Combinator, Goodwater Capital, F Prime (Fidelity), Album VC, Peterson Ventures, and some of the biggest names in fintech, including Immad Akhund (CEO Mercury), Arash Ferdowsi (Cofounder Dropbox), Max Mullen (Cofounder Instacart), Sam Hodges (CEO Vouch Insurance), Jack Altman (Cofounder Lattice), Dan Romero (Coinbase), Elad Gil, Shrug Capital, and others.

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This is an incredible opportunity to offer credit to people who are just beginning to build their new lives in America. Our customers are typically very good underwriting risks but cannot yet be underwritten by the financial infrastructure of American banks. Your job is to use our proprietary data to underwrite more of our customers within the risk appetite of our business.

As our Head of Credit, you’ll be leading all things underwriting for our latest flagship product: the Seis Silver Credit Card. You’ll manage & continue to build our credit policy, portfolio management processes, loss forecast, and overall credit processes for this product.

You will help shape this new product designed to build our customers’ credit while also extending unsecured lines to as many underwriteable customers as possible. You will work with our Data, Compliance, Product, and Engineering teams to continue building our underwriting infrastructure that allows us to uniquely underwrite our customers using our proprietary data while also hitting our credit return goals.

What You’ll Do

• Continue building upon our underwriting infrastructure & be the owner of all credit underwriting

• Assess & decide whether to create our own internal proprietary scoring methodology or work with a cash flow -based vendor

• Monitor our ongoing repayment risk of existing credit offerings, collect on past due accounts, and create strategies to mitigate losses

• Create & test strategies to extend more credit to more of our customers w/o materially exposing us to more repayment risk

• Use our proprietary sources of customer funding to build underwriting models that let us offer credit to our customers in a way that other institutions are unable to do so

• Structure, price, and propose credit terms that balance the borrower’s capacity to repay and Mercury’s risk posture

• Partner in refinement of credit policy, processes and procedures

• Work cross functionally with Product, Engineering, Design, and Data teams to improve the customer experience

Who You Are

• Have 5+ years of experience with financial analysis & interpreting financial performance or assessing risk exposure

• Have significant experience using data to build underwriting & credit models

• Have experience doing consumer lending, ideally using cash flow models that have little to no reliance on FICO scores

• Have an understanding and excitement for the opportunity to build products for recently arrived immigrants

• Have an ability & desire to dig into numbers and derive meaningful insights and action

• Have an eye for detail & an analytical mindset

• Speaking Spanish is not required but is a plus

Additional Info

• We’ll pay for relocation to Utah if you aren’t already here

• We work in office Mon/Wed/Fri

• We offer excellent & fully paid medical, dental, and vision insurance

• Maternity & paternity leave available for new parents

• 401k available