Full-Time

Director of Loss Prevention Analytics

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Fintech
Financial Services

Senior, Expert

Wilmington, DE, USA

Hybrid position requiring in-office presence.

Category
Risk Management
Finance & Banking
Required Skills
Python
R
SQL
Data Analysis
Requirements
  • Bachelor’s Degree in a quantitative discipline (Engineering, Statistics, Economics, Business Management or Computer Science)
  • 8+ years of experience in financial services driving informative risk decisions through analyses; Master’s or PHD degrees may offset experience
  • 4+ years of leadership experience, building and prioritizing teams and objectives based on company strategy
  • Advanced analytical skillset using tools such as SAS, SQL, R, Python
  • Innovative and capable of developing creative solutions to complex, data-driven problems
Responsibilities
  • Lead the development and implementation of advanced analytics models to identify potential risks within our consumer finance operations.
  • Analyze data from multiple sources to generate actionable insights and recommendations for improving loss prevention strategies.
  • Collaborate with cross-functional teams to develop and implement loss prevention strategies that align with our business objectives.
  • Evaluate existing processes and systems to identify opportunities for optimization and enhancement.
  • Monitor key performance indicators (KPIs) and metrics to track the effectiveness of loss prevention initiatives.
  • Proactively identify emerging risks and develop strategies to mitigate potential threats to our business.
  • Communicate findings and recommendations to senior leadership and other stakeholders through clear and concise presentations and reports.
  • Collaborate with internal teams, including Compliance, Operations, and Finance, to ensure alignment of loss prevention efforts with company policies and regulations.
  • Stay informed about industry trends, best practices, and emerging technologies in loss prevention and analytics.
  • Lead initiatives to continuously improve and innovate our loss prevention capabilities and processes.

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 from competitors 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.

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