Founded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest. Since inception, Prosper has helped more than a million people gain access to affordable credit with over $20 billion in loans originated through its platform. Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, home equity lines of credit (HELOC) and the upcoming launch of our first credit card product. Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.  

 

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!  

Prosper is continuing to grow our team during the COVID-19 pandemic, conducting fully remote hiring and onboarding processes. Our philosophy as a business is to approach the COVID-19 situation with empathy and urgency. Prosper’s top priority is the health and safety of our employees and of the communities we serve, including our customers, partners, prospects, and candidates. In accordance with this priority, along with our legal responsibility to provide and maintain a workplace that is safe and free of known hazards, we have adopted a COVID-19 Vaccination Policy which requires all of our employees to receive vaccinations, unless they have an approved accommodation.

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As the first peer to peer lending marketplace in the states, Prosper has a history of innovation.  As a growth company that generates cash, Prosper also has a history of generating results.  We are looking for team members that share our passion for applied analysis and who would be excited to be part of a mission-driven team.

The successful candidate will join Prospers Credit Risk team. The Credit Risk team uses analytics tools to develop strategies that govern automated credit decisions in Prospers online marketplace. A Credit Risk Senior Analyst/Manager at Prosper has the opportunity to utilize advanced analytical skills to develop strategies using models and data in order to manage credit and pricing decisions. An ideal candidate should have strong hands-on analytical skills and a passion for solving problems in innovative and effective ways.  The candidate is also expected to lead alternative data and new infrastructure evaluation and integration with decision engine.  The faster and more agile risk strategies keep our marketplace competitive and ensure that we continue to deliver on our mission of advancing financial well-being.

Problems You Will Solve

• Develop credit and fraud 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 and customer experience trade-offs
• Continue to innovate by testing new data, analytics approaches and models
• Partner with Data Science, Product, Engineering and other partner teams to implement credit and fraud prevention strategies, test and validate pre and post performance
• Conduct ad-hoc analysis related to risk management, 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 drivers. Communicate findings and recommendations to the Risk Management and broader Prosper community

About You

• Bachelor's degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics.
• 2-3 years of experience managing credit risk and/or fraud and/or data science in consumer lending industry, consumer credit card experience is a plus
• Masters degree a in related field considered in lieu of work experience
• Strong analytical and problem-solving skills
• Must have strong proficiency in SQL, R coding languages. Knowledge of Python, Tableau and Knowledge Seeker will be 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
• Strong ownership and motivation to drive business result
• Ability to work in fast-paced environment and meet deadlines without sacrificing quality
• We will also consider candidates who don’t have financial services experience but have strong technology background and analytical skills
• Self-starter; comfort dealing with ambiguity

What We Offer

• The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives
• The opportunity to work in a fast-paced environment with experienced industry leaders
• Flexible time off, comprehensive health coverage, competitive salary, 401(k) employer match, paid parental leave
• Wellness benefits including access to mental health resources, virtual HIIT and yoga workouts
• A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through Perkspot
• The ability to work remotely in the United States

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Applicants have rights under Federal Employment Laws.

Family & Medical Leave Act (FMLA)

Equal Employment Opportunity (EEO)

Employee Polygraph Protection Act (EPPA)  

California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA: https://www.prosper.com/plp/legal/privacy-notice-for-applicants/