Senior Credit Risk Manager, Student Loan

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 Risk Manager, Student Loans will report to the Head of Credit Risk.As the Senior Credit Risk Manager, Student Loans, you will:Develop and optimize credit strategies for pre-screening, underwriting, risk tiering, loan amount assignment, and verifications to drive business growth while managing risk.Lead champion-challenger testing to optimize underwriting strategies.Collaborate with the Data Science team to develop new machine-learning risk models.Monitor credit portfolio performance and identify areas for improvement, ensuring continuous enhancement and optimization.Work cross-functionally with Business, Capital Markets, Marketing, Product, Engineering, and Finance teams to implement strategies that align with Earnest’s risk appetite and business goals.Manage regulatory and audit compliance by providing analytical support for internal audits and regulatory reviews.Lead, support, and develop junior team members while managing multiple projects.About You:7+ years of experience developing data-driven credit strategies for loans or credit cards, leveraging risk models, rules, and multiple data sources.At least 1 year of experience in leading and mentoring team members.Strong analytical skills with expertise in SQL and Python for data analysis.Experience in risk analytics, segmentation, and statistical modeling (decision trees, gradient boosting models).Proven ability to deliver business results through ownership, collaboration, and strategic influence.Experience with Business Intelligence tools such as Looker or Tableau.Strong knowledge of credit risk management within lending products, including P&L impact evaluation.Willingness to travel to the Oakland office monthly to collaborate with other Earnies.Even Better:Experience in student loan products.Knowledge of applicable lending industry regulations.Familiarity with machine learning techniques applied to credit risk models.Experience working with Capital Markets, FP&A, or external rating agencies.Advanced degree in a quantitative field (Math, Statistics, Engineering, Finance, Economics).Where:This role will be based in the San Francisco Bay Area.While you’ll enjoy the flexibility of remote work, we also love to see our Earnies face-to-face! We ask you to join us at our Oakland office for 3 consecutive days a month for team collaboration and some fun.Pay Range:

$186,000 - $211,000 USDEarnest believes in enabling our employees to live their best lives. We offer a variety of perks and competitive benefits, including:Health, Dental, & Vision benefits plus savings plansMac computers + work-from-home stipend to set up your home officeMonthly internet and phone reimbursementEmployee Stock Purchase PlanRestricted Stock Units (RSUs)401(k) plan to help you save for retirement plus a company matchRobust tuition reimbursement program$1,000 travel perk on each Earnie-versary to anywhere in the worldCompetitive days of annual PTOCompetitive parental leaveWhat makes an “Earnie” culture:Drivers

– Drivers are satisfied by making things happen, not coming along for the ride. They feel a strong sense of ownership for their projects and teams and demand high standards from themselves and others.Humility

– Humble team players check their egos and consider the team’s needs above their own. They are self-aware of their strengths and opportunities for improvement.Growth Mindset

– People with a growth mindset approach challenges and failures as learning opportunities. They seek feedback to improve, give feedback to others, and genuinely want to perform well.At Earnest, we are committed to building an environment where our employees feel included, valued, and heard.

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