Full-Time
Model Risk Management Lead
Machine Learning
Affirm
1,001-5,000 employees
BNPL fintech offering merchant installment financing
Compensation Overview
$164k - $245k/yr
Company Historically Provides H1B Sponsorship
Remote in USA
Remote
Remote within the United States; occasional in-person office work and an in-person onboarding experience may be required.
Bachelor's, Master's, PhD
 Quantitative Finance (1) |
|---|
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- Four to six years of professional experience in related technical areas such as model development, model validation, or data science.
- Deep and broad knowledge and experience in machine learning modeling, credit underwriting, credit risk management, and/or fraud detection and fraud risk management.
- Proven ability to work with scripting languages such as Python and large-scale datasets such as SQL.
- Extensive experience with machine learning platforms and frameworks such as scikit-learn and PySpark, and cloud-based coding environments and databases.
- A Bachelor’s, Master’s, or PhD degree in a quantitative field such as Mathematics, Data Science, or Computer Science.
- Ability to work with detail, data, models, and algorithms, with critical-thinking and problem-solving skills.
- Strong interpersonal and verbal and written communication skills.
- Perform independent challenges of machine learning models used for credit underwriting, credit risk, and/or fraud detection through thorough validation and ongoing monitoring.
- Identify model weaknesses and opportunities for improvement.
- Collaborate with model owners to remediate model-validation findings.
- Partner cross-functionally to implement and maintain the company’s model risk management framework.
- Partner with Internal Audit, Internal Controls, and Compliance to ensure timely resolution of audit and regulatory requests.
Affirm provides point-of-sale financing (BNPL) for consumers and merchants in e-commerce and retail. At checkout, customers can pay over time through installment plans with transparent pricing and no hidden deferred interest in many cases. It integrates with online stores, mobile apps, and in-store checkout via plugins and APIs, and merchants can use a dashboard to process transactions and access marketing tools. Revenue comes from interest and fees on loans and from merchants who pay to offer Affirm financing, setting it apart from traditional credit cards and other BNPL providers by emphasizing installment-based, predictable repayment.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
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Simplify's Take
What believers are saying
- Fiscal Q4 2026 revenue rose 33% to $1.17 billion, beating expectations.
- Fiscal 2027 GMV guidance exceeded $64 billion, signaling continued merchant and consumer demand.
- Loop Capital initiated Buy coverage on September 9, 2026 with a $105 target.
What critics are saying
- CFPB opened a BNPL inquiry on June 25, 2026, targeting Affirm's product model.
- Affirm's 30-day delinquency rate hit 2.5% in June 2026, pressuring credit costs.
- Klarna and Afterpay still crowd merchants, limiting Affirm's path to ubiquitous acceptance.
What makes Affirm unique
- Affirm underwrites each transaction, avoiding late fees and compounding interest.
- Shopify launched Shop Pay Installments in Australia with Affirm on August 27, 2026.
- Affirm reached 571,000 active merchants and 27.8 million active consumers in June 2026.
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Benefits
Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
Supportive communities: Get involved with our employee resource groups and community groups
Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country
Generous time off: Take the time you need when life happens
Health benefits: Get a plan that fits your needs
Mental healthcare: Take care of your mind with great mental health programs
Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.
Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.
Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.
Learning & development: Engage in exciting learning programs to level up your growth.
Growth & Insights and Company News
6 month growth
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↑ 0%Affirm shares fell 4.3% to $68.85 after Loop Capital Markets initiated coverage with a Buy rating and $105 price target. The decline came despite the positive analyst outlook, as broader consumer fintech stocks traded lower. The drop follows strong second-quarter results reported 12 days earlier, when Affirm beat expectations with revenue of $1.17 billion, up 33% year-over-year, and GAAP profit of $4.62 per share. The company also issued upbeat third-quarter guidance of $1.21 billion in revenue, exceeding analyst estimates. Affirm is down 7% year-to-date and trading 25.3% below its 52-week high. The buy now, pay later company's shares have shown high volatility, with 45 moves greater than 5% over the past year.
Why Affirm (AFRM) shares are falling today. Kayode omotosho /. September 9, 2026 What happened? Shares of buy now, pay later company Affirm (NASDAQ:AFRM) fell 4.7% in the afternoon session after Loop Capital Markets analyst Reginald Smith initiated coverage with a Buy rating and a $105 price target, even as consumer fintech shares traded lower. According to TipRanks, Loop Capital launched coverage on September 8 with that $105 Buy, favoring Affirm over SoFi, which the firm rated Hold. TipRanks shows a Strong Buy consensus and an average target of about $100.46, so the Loop mark is in line with the bullish camp. The constructive call was not enough to offset broader weakness in consumer fintech. After the initial drop, the shares shed some of the losses and rose to $68.85, down 4.3% from the previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Affirm? Access our full analysis report here, it's free. What is the market telling us. Affirm's shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 12 days ago when the stock gained 5.3% on the news that the company reported second-quarter 2026 financial results, beating Wall Street's revenue and earnings expectations. According to a company press release, Affirm generated revenue of $1.17 billion, up 33% year over year, and delivered GAAP profit of $4.62 per share alongside pre-tax profit of $169.1 million. Both figures came in well ahead of Wall Street expectations, with revenue topping analyst estimates of $1.11 billion and EPS significantly surpassing consensus forecasts of $0.35. The company's pre-tax profit margin expanded to 14.5%, up 6.3 percentage points from the prior year. Looking ahead, Affirm projected third-quarter 2026 revenue of $1.21 billion at the midpoint, representing a 29.1% increase year over year. That guidance also came in above analyst estimates of $1.16 billion, bolstering investor confidence in the company's growth trajectory. Affirm is down 7% since the beginning of the year, and at $68.85 per share, it is trading 25.3% below its 52-week high of $92.18 from September 2025. Investors who bought $1,000 worth of Affirm's shares 5 years ago would now be looking at only $747.85. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you're unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
Bloom Energy (BE) joins S&P 500 alongside several other notable stocks. Bloom Energy (BE) has officially been named to the S&P 500, joining a group of other companies set to enter the benchmark index. Index additions typically generate significant buying pressure as funds tracking the S&P 500 are required to purchase shares of newly included companies. Rocket Companies (RKT) and Affirm Holdings (AFRM) have been identified by analysts as strong candidates for future S&P 500 inclusion based on their market positioning. Analysts at Keefe, Bruyette & Woods flagged both companies as likely contenders tied to upcoming index rebalancing activity and merger-related vacancies. KBW said Rocket Companies is now the sixth-largest company eligible for inclusion in the S&P 500 and the largest eligible financial stock currently outside the index. KBW, which is part of Stifel Financial (SF), assigned Rocket a medium probability of joining the benchmark during the third-quarter rebalancing period. The firm also gave Rocket a medium-to-high likelihood of being added to the S&P 500 over the next several quarters, suggesting inclusion remains a near-term possibility. Affirm (AFRM), a buy now, pay later financial technology company, also carries a medium probability of being added to the S&P 500 during the upcoming rebalancing, according to KBW. KBW expects nine merger-related changes across the S&P 1500, which is comprised of the S&P 500, the S&P MidCap 400, and the S&P SmallCap 600 indexes. Those merger-related shifts are anticipated to create at least one vacancy in the S&P 500, potentially prompting the index committee to select a new addition from the eligible pool of companies. Marvell Technology (MRVL), a chipmaker central to the artificial intelligence infrastructure boom, previously joined the S&P 500, illustrating how high-growth technology companies continue to reshape the index. Flex (FLEX), a contract manufacturer for electronics, also entered the index alongside Marvell, replacing Pool Corp (POOL) and Campbell's Company (CPB) in the benchmark. Discretionary changes tied to the S&P 500's quarterly rebalancing are typically announced ahead of the effective date, giving markets a brief window to anticipate the resulting trading flows.
Affirm stock surges 12% as strong results fuel breakout bets. Does Affirm's stock have a "breakout on tap"? Analysts have expressed this sentiment following the buy-now-pay-later firm's fiscal 2026 fourth-quarter results, which exceeded expectations, alongside a positive outlook. And it may have already begun: Affirm shares are soaring 12% early Friday, a day after the company posted fiscal fourth-quarter revenue of $1.17 billion, gross merchandise volume of $14.06 billion, and adjusted operating income of $353.4 million. All three figures exceeded the average projections of analysts. The move has the stock above $87 per share, marking its highest prices of the year. Affirm's report indicated a trajectory toward $112, representing an increase of over 40% from the previous day's closing price. "Affirm continues to distinguish itself from peers, with robust 36% year-over-year GMV growth," wrote William Blair analysts, who have an "outperform" rating on the stock. For the year, Affirm posted GMV of $50.17 billion, up 37% from fiscal 2025. "Affirm's growth can no longer be explained away by the novelty of our product, and our steady credit outcomes demonstrate our commitment to responsible growth with robust unit economics," founder and CEO Max Levchin said. For fiscal 2027, Affirm anticipates GMV of "more than $64 billion," surpassing the Visible Alpha consensus of $63.8 billion. William Blair's analysts indicated that guidance serves as "a conservative baseline."
Affirm topped fiscal fourth quarter earnings expectations, posting its 11th consecutive quarter of over 30% gross merchandise volume growth. The buy now, pay later company also reported 39% year-on-year revenue growth and expanded adjusted operating margins above 30%. COO Michael Linford, recently named president, said the business is "firing on all cylinders" with strong unit economics and operating leverage. Gap operating income grew by over 6 percentage points. Affirm is expanding its international presence, launching with Shopify in Australia after entering the UK market last year. Despite global expansion plans, North America remains the company's largest market. Linford characterised the US consumer as stable, citing strong employment and wage growth. Delinquency rates remained in line with the company's predictions, suggesting consistent consumer behaviour.