Senior Credit Oversight Manager

Job not on LinkedIn

August 3

Apply Now

Receive Emails with Similar Jobs

Earnest

WebsiteLinkedInAll Job Openings

Fintech • Finance • B2C

Earnest is a financial technology company specializing in refinancing and consolidating student loans. It offers options to help clients reduce their interest rates and tailor loan payments to fit their budgets, without any credit impact. The company focuses on client satisfaction, providing in-house support and flexible refinancing solutions. Earnest's services include refinancing student loans, Parent PLUS refinancing, and personal loans, with the aim of making higher education more affordable and manageable for students and their families. Known for transparent practices and competitive rates, Earnest has refinanced over $19. 6 billion in student loans.

201 - 500 employees

Founded 2013

💳 Fintech

💸 Finance

👥 B2C

📋 Description

• Our mission is to make higher education accessible and affordable for everyone. • We empower students with financial support and supercharge their ability to pay down their debt, so they can get on the right financial track, fast. • We build tools that help people feel in control of their financial future, including: • Private student loans - low rates, people-first service, and flexible payments. • Student loan refinancing - break free from high-interest rates or monthly payments. • Scholarships - access to thousands of scholarships to help students pay less. • Earnies are committed to helping students live their best lives, free from the stress of student debt. If you’re as passionate as we are about our mission, read more below, and let’s build something great together! • The Senior Credit Oversight Manager will report to the Head of Credit Risk. • As the Senior Credit Oversight Manager, you will: • Ensure credit policies are appropriately designed, implemented, and updated to manage risk in alignment with the company’s risk appetite. • Ensure adherence to regulatory requirements, internal risk management frameworks, and corporate governance standards related to credit practices. • Partner with the Data Science team to develop and maintain loss forecasting models for the various lending portfolios generated by Earnest. • Incorporate macroeconomic conditions in the forecast and partner with strategy owners to apply quantitative and qualitative overlays as needed. • Independently validate models to ensure they are conceptually sound and perform as intended. • Maintain comprehensive model risk management policies, procedures, and standards in line with regulatory expectations. • Conduct monthly monitoring of loan performance for each of our loan products at vintage and portfolio levels. • Present results with insights on trends and drivers. • Communicate forecast results, insights, and recommendations to leadership and business partners. • Develop modeling and diligence materials to support the execution of business transactions and provide analysis results to management, investors, and external ratings agencies. • About You: • Strong ownership and ability to collaborate well with business partners.

🎯 Requirements

• 7+ years of experience in developing or validating risk or loss forecasting statistical models, and credit analytics • 5+ years of experience in SQL and/or Python programming for data analysis and model development • Strong business acumen in lending products and sophisticated risk data analysis • In-depth understanding of model risk governance frameworks • A proven track record of delivering strong business results in a matrix environment through ownership, innovation, collaboration, and influence • Excellent communication and presentation skills • Knowledge of applicable laws and regulations governing the lending industry • Experience in Business Intelligence / Reporting tools such as Looker or Tableau

🏖️ Benefits

• Health, Dental, & Vision benefits plus savings plans • Mac computers + work-from-home stipend to set up your home office • Monthly internet and phone reimbursement • Employee Stock Purchase Plan • Restricted Stock Units (RSUs) • 401(k) plan to help you save for retirement plus a company match • Robust tuition reimbursement program • $1,000 travel perk on each Earnie-versary to anywhere in the world • Competitive days of annual PTO • Competitive parental leave