Full-Time

Senior Risk Analyst

Posted on 8/2/2024

Octane

Octane

201-500 employees

Instant financing for lifestyle purchases

Fintech
Financial Services

Compensation Overview

$90k - $115kAnnually

+ Stock Options

Mid, Senior

New York, NY, USA

Hybrid position requiring in-office presence.

Category
Risk Management
Finance & Banking
Required Skills
Power BI
Python
SQL
Tableau
Data Analysis
Requirements
  • B.S. degree in a quantitative field such as statistics, econometrics or engineering (advanced degree a plus)
  • Strong overall understanding of consumer lending and key credit risk concepts
  • Minimum 3+ years of experience in performing credit analysis with a primary focus on direct consumer loans
  • Hands-on experience with SQL and Excel modeling (experience with Python a plus)
  • Strong written and oral communication skills with ability to articulate key findings to senior members of the organization
  • Strong problem-solving skills with experience analyzing complex loan/transaction level data to draw insightful conclusions
  • Experience with data visualization tools such as Tableau/ Power BI highly preferred
Responsibilities
  • Analyze the key drivers of credit losses and forecast variances, and identify opportunities to improve the existing methodology
  • Act as a liaison across multiple teams including Risk, Collections, Finance and Capital Markets on credit loss expectations
  • Prepare and present materials to senior management and other firmwide stakeholders, adapting messages to different audiences
  • Provide inputs and partner with the Decision Science team to develop a predictive loan loss model
  • Perform various ad-hoc analytics to provide insights to management and build analytical tools to inform strategic business decisions
  • Partner with technology to automate reporting and analytics tools by providing business requirements

Octane provides instant financing solutions for lifestyle purchases, specifically targeting items like motorcycles, ATVs, and mowers. Their service allows customers to receive quick credit decisions, making the buying process smoother whether shopping online or in-store. Octane stands out by offering personalized financing options that involve a soft credit pull, meaning customers can check their rates without affecting their credit scores. This approach caters to a wide range of clients, including prime borrowers, credit builders, and first-time buyers. The company's goal is to simplify the financing process, making it more accessible and inclusive for everyone.

Company Stage

N/A

Total Funding

$190.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

3%

1 year growth

7%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Octane's partnership with CFMOTO expands its reach in the powersports market.
  • The company has issued over $4 billion in asset-backed securities since 2019.
  • Octane's Dealer Portal 2.0 enhances the financing experience for over 4000 dealers.

What critics are saying

  • Rising interest rates may reduce demand for Octane's financing products.
  • Increased competition from fintech companies could erode Octane's market share.
  • Dependence on a limited number of OEM and dealer partners poses revenue risks.

What makes Octane unique

  • Octane offers a seamless end-to-end digital buying experience for recreational purchases.
  • The company uses soft credit pull technology for personalized financing options.
  • Octane partners with over 35 OEMs and 4000 dealers across the United States.

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