Full-Time

Credit Risk Analyst

Updated on 1/11/2025

Prosper Funding

Prosper Funding

501-1,000 employees

Offers personal loans and credit cards

Fintech
Financial Services

Compensation Overview

$101k - $125kAnnually

Junior, Mid

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Python
Data Science
R
SQL
Tableau
Data Analysis
Requirements
  • Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 2 years relevant experience managing credit/ fraud risk OR a Master's degree in above areas without experience
  • Experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus
  • Strong analytical and problem-solving skills
  • Experience using machine learning and statistical models to develop strategies
  • Must have strong proficiency in SQL, Python and Tableau. Knowledge of R and Knowledge Seeker will be a plus
  • Fiserv and/or FICO fraud tool experience is a plus
  • Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team
  • Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required
  • Curious to ask questions, probe into reasons and challenge the status quo
  • Self-starter and comfortable dealing with ambiguity
  • Strong ownership and motivation to drive business results
  • Ability to work in a fast-paced environment and meet deadlines without sacrificing quality
Responsibilities
  • Develop credit strategies to improve the credit performance by using data, machine learning models and advanced analytics tools to optimize risk decisions
  • Bring innovative/out of the box thinking to make recommendations and to approaching/solving problems
  • Design A/B tests and understand the risk-return trade-offs
  • Develop loss forecasting projections for Personal Loan and Improve forecasting accuracy
  • Partner with Product, Marketing and Engineering teams to implement strategies and monitor the strategy performance
  • Continue to innovate by testing new data, analytics approaches and models
  • Conduct ad-hoc analysis related to risk management, investor services, product, and operations
  • Analyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance driver
  • Communicate findings and recommendations to the Risk Management and broader Prosper community
  • Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements

Prosper Funding offers a variety of financial products aimed at improving financial wellbeing for individuals. Their main offerings include personal loans, credit cards, and home equity lines of credit, which are available to people with different credit backgrounds. Personal loans are provided through WebBank, while the Prosper® Card is issued by Coastal Community Bank and operates under a Mastercard license. Prosper distinguishes itself from competitors by focusing on affordability and ensuring fair access to financial services as an equal housing lender. The company's goal is to provide accessible financial solutions that help individuals manage their finances effectively.

Company Stage

Debt Financing

Total Funding

$160.4M

Headquarters

San Francisco, California

Founded

2005

Growth & Insights
Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Prosper won the 2024 CSO Award for excellence in security and risk management.
  • The company exceeded its crowdfunding target by 130%, raising significant capital.
  • Acquisition by Waverly Advisors may enhance Prosper's resources and capabilities.

What critics are saying

  • Increased competition from new fintech startups could challenge Prosper's market share.
  • The acquisition by Waverly Advisors may lead to strategic shifts disrupting operations.
  • Reliance on crowdfunding may expose Prosper to financial instability if interest wanes.

What makes Prosper Funding unique

  • Prosper is the first peer-to-peer lending platform in the United States.
  • The company offers a data-driven underwriting model for personal loans.
  • Prosper provides a range of financial products, including personal loans and credit cards.

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Benefits

Health Insurance

Unlimited Paid Time Off

Parental Leave

Mental Health Support

Wellness Program

Childcare Support

Pet Insurance