Senior Director, Credit Risk

As Marqeta's Senior Director, Credit Risk, you will lead our underwriting team and be responsible for developing and designing strategy to help us launch and scale successful credit programs. You will be the person who scales our credit underwriting organization leveraging our early beginnings and progress to date - establishing Marqeta as a disruptive force in the credit space with our differentiated vision and approach. You will mentor and develop a world-class team of credit risk professionals and drive innovation to establish best-in-class credit strategies and underwriting models. This role requires someone who can represent Marqeta at the highest levels with customers and partners as our head of underwriting and credit risk strategy. You will work closely with internal stakeholders including Product, Risk Operations / Servicing, Finance, and Data while partnering and building strong relationships with external bank partners and customers. We work Flexible First. This role can be performed remotely anywhere within the United States or from our headquarters in Oakland, CA. We’d love for you to join us! The Impact You'll HaveScale and lead Marqeta's credit organization - this is a foundational role for our credit businessMentor, guide and develop a high-performing team that will scale from 2 to 10+ professionals over the next 1-2 yearsOversee portfolio performance and account management activities across diverse portfolio types including consumer and commercial credit programsBuild, review, and refine Marqeta's consumer and commercial underwriting models leveraging advanced statistical modeling and data scienceProactively monitor and adjust Marqeta's credit policies based on performance and risk trends across multiple portfolio types and risk segmentsEstablish credit strategies for our co-brand, consumer and commercial credit card programs that directly drive KPIs (approval rates, new accounts, loss rate, profit margin, etc.)Enhance underwriting and risk documentation, work with bank partners on model validation and governance, and report KPIs to senior management and external stakeholdersPartner with product to build modern credit stacks and data strategy leveraging financial, bank, and third-party datasets to enable underwriting automationRepresent Marqeta's credit capabilities and vision to customers and bank partnersProvide risk consulting services to our bank partners and customers, recommending improvements to credit strategiesWho You Are12-15+ years of experience in credit underwriting at major banks - you understand underwriting and portfolio performance management inside and outYou understand both traditional banking rigor and fintech paceBachelor's degree or equivalent in Finance, Business, Accounting, Economics, Statistics, Math or similar fields (Advanced statistical background - PhD in Statistics, Mathematics, or quantitative field strongly preferred)Proven track record across diverse portfolio types including:Co-brand credit programs Subprime lending Consumer credit cardsCommercial credit cards Strong desire to 'run your own shop' and build something transformative - you have the itch to create and scale, not just optimize existing programsBelief in Marqeta's disruptive vision for credit - you see the opportunity to build the 'next big thing' in credit with an established, respected brandExpertise in Excel and SQL modeling plus strong programming and data analytics experience in R or PythonExperience in capital markets (ABS, securitization, warehouse lines) and fraud management highly preferredExceptional communication skills - able to represent Marqeta credibly with senior executives, customers, and partnersAbility to work in a fast-paced, dynamic environment and adapt to changing prioritiesWhat Makes This Role SpecialThis is the foundational credit role at Marqeta - you'll help build our credit organization and execute our strategyWork with an established, respected brand that's ready to disrupt the credit space with a differentiated approachOpportunity to make this big - we have the vision, brand recognition, and resources to scale significantlyLeadership track - path to VP and beyond as the organization scalesTypical ProcessApplication submissionRecruiter video callHiring manager video callVirtual “Onsite”3 - 45 minute interviews Offer! 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: $225,000 - $281,200Premium: $233,300 - $291,600Premium Plus: $253,600 - $317,000We 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 thriveOriginally posted on Himalayas Apply To this Job