Full-Time

VP – Merchant Risk Operations

Confirmed live in the last 24 hours

Upgrade

Upgrade

1,001-5,000 employees

Provides loans, credit cards, and rewards

Fintech
Financial Services

Expert

Atlanta, GA, USA

This is a hybrid role requiring in-office presence in Atlanta.

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor's degree in finance, business administration, or related field. Master's degree preferred.
  • 15+ years of experience in risk operations management within the financial services industry, with a focus on merchant risk.
  • Experience working with point of sale lending merchants.
  • Home improvement loan experience preferred.
  • Strong knowledge of risk management principles, practices, and regulatory requirements.
  • Excellent analytical and problem-solving skills.
  • Strong leadership and team management skills.
Responsibilities
  • Develop and implement risk management strategies for merchant risk.
  • Oversee the underwriting of potential merchants and own accountability for merchant performance.
  • Monitor and assess merchant risk exposure and develop strategies to mitigate risks.
  • Collaborate with internal teams to ensure compliance with regulatory requirements and best practices.
  • Lead a team of risk management professionals to achieve departmental goals and objectives.
  • Synthesizing data such as dispute metrics, credit metrics, and overall feedback to make effective recommendations.
  • Stay current on industry trends and best practices related to merchant risk management.
  • Work closely with other departments to ensure that merchant risk is effectively managed across the organization.

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordability and user-friendly features, attracting customers looking for flexible credit solutions. The company's goal is to promote responsible financial behavior and long-term financial health through accessible credit options.

Company Stage

Series F

Total Funding

$532.1M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

30%

2 year growth

52%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with FairPlay enhances compliance and attracts customers valuing ethical lending.
  • Expansion into auto loans diversifies offerings and taps into a new market segment.
  • Acquisition of Uplift positions Upgrade in the growing travel financing industry.

What critics are saying

  • Increased competition in BNPL could impact Upgrade's market share in travel financing.
  • Expansion into auto loans may expose Upgrade to higher credit risk.
  • Investment in new office space could strain resources if growth doesn't materialize.

What makes Upgrade unique

  • Upgrade offers a unique credit card combining installment lending with cash back rewards.
  • The company provides personal loans up to $50,000 with no prepayment penalties.
  • Upgrade's Secured OneCard helps consumers build credit with high cash back rewards.

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