About Us:
We believe everyone deserves a chance to improve their financial future. We're dedicated to building simple and inclusive financial products that help our members create healthy habits and achieve economic stability.
Some things we're excited about:

• $500 million in spending power used by our members
• Increasing members' credit by 36 points (on average) within the first 3 months
• Backed by First Round Capital and JP Morgan

Products we've built to make an impact:

• Perpay Marketplace: Combines interest-free payments and modern e-commerce to reduce cost of ownership and promote healthy repayment behavior.
• Perpay : Leverages Marketplace repayment history to help members monitor and build credit with all 3 credit bureaus.
• Perpay Credit Card: Expands access to the flexibility and benefits of a World Mastercard by removing common barriers like high security deposits and low approval odds.

The Perpay team is a motivated group of creative problem solvers who love getting things done and making an impact. Located in Center City, Philadelphia, our one-of-a-kind space promotes a collaborative work environment, unites our team, and feels like a home away from home.
About the Role:
Perpay is in search of a Senior Credit Risk Manager experienced in consumer lending risk to join our team and play a critical role in developing and optimizing credit risk management strategies. This position is the startup equivalent of a VP or Executive Level Director at a bank .
With the recent introduction of our credit card, we are seeking a seasoned professional capable of navigating the intricacies of risk management to influence decision-making at various organizational levels. As a Senior Credit Risk Manager at Perpay, you will contribute significantly to understanding and mitigating risk factors associated with our expanding operations. This position offers a unique opportunity to coordinate the integration of our risk appetite framework into new and existing credit strategies, including developing underwriting credit risk strategies for credit card products in acquisition and portfolio management, and building new decisioning infrastructure leveraging external credit bureaus and internal data.
We are looking for an individual with a strong background in credit risk management capable of providing strategic insights to enhance our risk management practices. Our ideal candidate possesses analytical proficiency, effective communication skills, and the ability to collaborate with diverse stakeholders. You should be able to thrive in a fast-paced, entrepreneurial environment, managing multiple projects to influence loss prevention, credit risk, and strategy development, such as designing champion/challenger tests and developing benchmarking analysis for portfolio assessment.
Our greatest strength is our people and we'd love for you to be one of them!
Responsibilities:

• Formulate credit risk strategies for underwriting credit card products in both acquisition and portfolio management phases to enhance profitability, boost revenue, reduce credit losses, and increase customer lifetime value
• Design and oversee champion/challenger testing, evaluate the results, recommend updates to credit policies based on findings and communicate strategies to stakeholders
• Utilize SQL, Excel, and other analytical tools to perform detailed data analysis, identify potential risks, and develop mitigation strategies
• Lead and mentor a team of analysts, collaborating with Decision Science, Marketing, Finance, Operations, Technology, Compliance, Legal, and other departments to achieve credit strategy initiatives
• Translate complex risk-related data into actionable strategic insights and recommendations
• Oversee multiple projects and initiatives to ensure they align with the company's risk appetite
• Effectively communicate risk-related information through data visualization tools and reports

What You'll Bring:

• Bachelor's degree or higher in a relevant field (e.g., Business Administration, Economics, Finance, Computer Science, Statistics, Chemistry)
• 3 years of experience in a credit risk management-related role
• Prior financial services experience in credit card required
• Strong analytical skills with the ability to conduct comprehensive risk assessments
• Excellent communication skills, both written and verbal
• Proven ability to collaborate with cross-functional teams and diverse stakeholders
• Demonstrated project management capabilities and ability to thrive in a fast-paced, entrepreneurial environment

Hey, we know not everybody checks all the boxes, so if you're interested, please apply because you could be just what we're looking for!
What We'll Bring:

• Competitive salary company equity
• 401k with company match
• Medical / Dental / Vision insurance
• Flexible Spending Account (FSA)
• Relocation assistance
• Pre-tax commuter benefit
• Student loan repayment match
• Gym subsidy with City Fitness
• Cell phone plan
• Paid parental leave
• Unlimited PTO

Additional Perks:

• Opportunity to gain experience at one of the fastest-growing financial startups in the country
• Work on both e-commerce & fintech customer-facing products
• Collaborate cross-functionally with product, design, marketing, operations, data teams, and more

This is not a remote opportunity; it is 100% onsite (#LI-Onsite) (#LI-TH1) (#LI-AK1)
Perpay is proud to be an equal opportunity employer. We value diversity in all its forms and are committed to creating an inclusive environment. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, sex (including pregnancy), marital status, political affiliation, age, veteran status, disability status or other non-merit factor. Please contact us at careers@perpay.com to request accommodation.