Head of Risk
Posted on 2/17/2023
Karat Financial

11-50 employees

Financial infrastructure & services for creators
Company Overview
Karat Financial's mission is to build financial services for creators. They’re building products that help creators spend less time worrying about finances and operations so they can focus on creating.
Experience Level
  • 5+ years of experience in charge card/credit risk
  • Data fluency-you're a SQL wizard and dangerous in Excel
  • Experience with asset-based underwriting
  • Knowledge with underwriting toolings (modeling with R or Google Cloud, building rules engines with GDS Link or similar)
  • P&L: Responsible for credit and fraud risk on our P&L
  • Underwriting: Build and tune an underwriting model tailored to creators, improving our loss rate while maintaining our growth
  • Tooling: Stand up underwriting and fraud monitoring tooling from scratch
  • Fraud: Develop a fraud policy, building some monitoring internally and/or using 3rd party services
  • Leadership: Individual Contributor responsibilities for the first 3-6 months of starting before building and leading a team
  • Collaboration: Share insights and work cross-functionally with ops, product, sales/marketing to ensure risk updates don't adversely impact product, growth, service
  • Huge opportunity. The creator economy just flew past a $50b milestone despite zero infra for creator banking. It's our race to lose
  • Fascinating problems. We reduce financial risk so creators can take creative risks. The work you do in building a creator bank quite literally impacts contemporary culture
  • The right team. We've worked at the largest investment banks (Goldman Sachs, Morgan Stanley), investment managers (Blackstone, TPG), and social networks (Instagram). We started this company to leverage our experiences to help creators
  • Culture. We love hanging out with board games, delicious dinners, and brisk hikes as much as we enjoy delving into personal philosophy, management theory, and nitty gritty business details. Don't be afraid to bring yourself to work!
  • Resources and growth. We're well capitalized from top investors like Signal Fire and Union Square Ventures; CEOs from YouTube, Twitter, Wealthfront, and CAA; and investors including Twitch co-founder Kevin Lin, Y Combinator, CRV, and Coatue. We keep a lean team, and this is a rare opportunity to join. You'll learn a lot, build foundational products, and grow as our company scales
Desired Qualifications
  • Ability to interface with bank and debt partners on guiding portfolio performance projections
  • Experience with Machine Learning and Python DS stack (Pandas, Scikit, etc.)
  • Fintech start up experience