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Responsibilities
As Marqeta’s Credit Risk Manager you will lead credit underwriting and account management for our SMB and commercial card programs, helping us launch and scale credit offerings for small, mid-market, and commercial businesses. You will drive innovation to establish best in class credit strategies in partnership with internal stakeholders and external bank partners and customers. You will create something unique in the embedded credit space: a marketplace that enables fintech apps, wallets, and merchants to offer credit products at scale.Embedded within finance, this role will support Marqeta’s evolving managed credit card programs by owning manual underwriting, account management, spend controls, line management, and portfolio monitoring for SMB and commercial customers, in partnership with cross functional execution teams across product, engineering, sales, operations and other functional areas.We work Flexible First. This role can be performed remotely in the United States, only in one of our Premium or National locations, which you can review here.This position is for an existing vacancy.The Impact You’ll HaveCredit Strategy & PolicyOwn end-to-end manual underwriting for new SMB and commercial card customers, using both bureau data and cash flow analysis to make credit decisionsBuild, review, and refine SMB and commercial credit card risk origination strategies, including line assignment, spend controls, and account management policiesProactively adjust credit card policies based on portfolio performance and risk trendsEstablish strategies that directly drive KPIs: approval rates, new accounts, loss rates, profit margin, and moreModeling & DataPartner with data scientists to build best-in-class commercial credit risk and cash flow modelsWork with product to develop modern credit stacks and data strategies leveraging bureau, bank, and cash flow datasets, including financial statements, accounts payable, liquidity information, etc.Account Management & Portfolio MonitoringManage credit lines, spend controls, and exposure across the SMB and commercial portfolio, taking proactive risk-based action on accounts as performance evolvesBuild the tracking and early warning framework for the portfolio, including utilization, payment behavior, and concentration riskGovernance & ReportingDraft underwriting and risk documentationSupport bank partners on model validation and governanceReport KPIs and risk performance to senior management regularlyAdvisory & Cross-Functional LeadershipServe as a risk consultant to bank partners and customers — recommending improvements to credit strategiesCollaborate across Banking, Product, Finance, and Capital Markets as an internal strategic resource and external-facing advisorWho you areExperience & Background5+ years building credit card risk and pricing programs, ideally at a fintech, with hands-on manual underwriting experience on SMB and/or commercial credit card productsProven ownership across the SMB and commercial credit card lifecycle:Manual underwriting using both bureau data and cash flow analysis, including financial statement analysis Credit policy and risk strategy development, monitoring, and adjustmentLine assignment, spend controls, and account management strategyRisk assessments for prospective customersAcquisition strategy across card programsBachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related fieldTechnical SkillsExpert in Excel and SQL modelingStrong financial statement, accounts payable and liquidity analysis skills for SMB and commercial entitiesComfortable using data to build alignment across stakeholders with competing prioritiesCollaboration & CommunicationExperience working cross-functionally with product, engineering, finance, compliance, bank partners, and capital providersExceptional communicator — able to translate complex credit concepts for executive, partner, and cross-functional audiences (written and verbal)Mindset & AdaptabilityComfortable in a build environment — moves fluidly between strategy and execution without a large supporting teamThrives in fast-paced, dynamic settings with shifting prioritiesDemonstrated ability to adapt credit strategies in response to portfolio performance changes or macroeconomic conditionsYour ManagerNeha Nanda, Senior Director, Credit RiskOur (typical) process:Application SubmissionRecruiter video callHiring manager video callVirtual “Onsite” consisting of 4-5, 45 min callsOffer!Compensation and BenefitsMarqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States:National: A baseline tier that applies to most of the geographic territory of the United States.Premium: Slightly elevated from the National tier, and oriented toward a narrower set of higher cost-of-living areas, such as Los Angeles CA and Seattle WAPremium Plus: A tier for the most expensive working areas, like the San Francisco Bay area and New York City.Visit this page or consult with a Recruiter to determine which tier would be applicable to you.When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is:National: $123,000 - $153,800Premium: $133,100 - $166,400Premium Plus: $144,700 - $180,900We also believe in recognizing the contributions of our people. That's why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.Along with monetary compensation, Marqeta offersMultiple health insurance optionsFlexible time off – take what you needRetirement savings program with company contribution and after tax contributionsEquity in a publicly-traded company and an Employee Stock Purchase ProgramFamily-forming benefits, fertility support, and up to 20 weeks of Parental LeaveFree therapy sessions, financial and professional coaching, and legal adviceMonthly stipend to support our remote work modelAnnual “development dollars” to support our people growth and developmentThrough Flex First, the freedom to live and work wherever you and your family thriveAbout MarqetaMarqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). You don’t need to be a Payments expert to join the Marqeta Team, let us help you with that. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.
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