Senior Manager, Fair Lending Analytics, Validation

🕒 May 4

🇺🇸 United States – Remote

💵 $148.1k - $237k / year

⏰ Full Time

🟠 Senior

👔 Manager

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Oportun

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2006

💳 Fintech

💸 Finance

Fintech • Finance

Oportun is a financial technology company that specializes in providing affordable personal loans and savings solutions. They are recognized as Bankrate's #1 app for saving money in 2024. Oportun offers personal loans ranging from $300 to $10,000 for various financial needs such as bills, repairs, and deposits, with quick funding and affordable payments. The company provides a unique app that helps users manage their loans and saves money intelligently. Oportun also focuses on financial education and offers tools like loan calculators and prequalification services, which do not impact credit scores. Although Oportun is not a bank, they ensure deposits are FDIC insured through partner banks.

📋 Description

• Lead and execute fair lending analytics and testing across credit decisioning, underwriting, marketing and fraud prevention strategies • Perform statistical analyses to assess disparate impact, bias, and fairness in models and business processes • Evaluate model inputs, features, and outputs for potential fair lending risks • Partner closely with the Head of Model Risk and Director of Model Validation to ensure alignment in methodologies, interpretation, and governance • Translate complex analytical results into clear, actionable insights for stakeholders, including Risk, Legal, Compliance, and senior management • Conduct independent model validation, annual model review, ongoing monitoring report review, required action item review/closure on the cutting-edge machine learning models. • Deliver high-quality model validation reports, highlighting risks and limitations of the model in a concise manner. • Work closely with business owners/model users and developers to understand the business context for model use and facilitate the model approval process. • Stay up to date with regulatory expectations of model development, use, and validation activities. • Support Oportun’s the model risk management framework, including annual validation plans, model inventory, model risk ranking, and model risk governance. • Develop and maintain effective partnerships with key model stakeholders. • Support the coordination of model risk governance practices with the model users.

🎯 Requirements

• Advanced degree (Master’s or PhD) in Statistics, Mathematics, Economics, Computer Science, or related quantitative field. • 5+ years of experience in fair lending analytics, model development, or model validation within financial services • 5+ years of practical quantitative programming experience with Python, SQL, Spark and/or Scala. • 5+ years of experience leveraging machine learning methodologies, such as GBM, XGBoost, and NLP etc. • Excellent stakeholder management, communication, and written skills. • Good team player and willing to help and share.