Director, Credit Risk

Earnest

Director leading credit risk strategies for lending products at Earnest LLC. Analyze lending products and develop data-driven credit strategies for optimization and performance.

Posted 5/2/2026full-timeRemote • California • 🇺🇸 United StatesLead💰 $298,022 per yearWebsite

Tech Stack

Tools & technologies

PythonSQLTableau

About the role

Key responsibilities & impact

The Director, Credit Risk at Earnest LLC in Oakland, CA will lead the development, deployment, testing, monitoring, and optimization of the credit strategies of the lending products offered by Earnest LLC, including Personal Loan, or Student Loan Refinance, or Private Student Loans.
Analyze the industry's lending products, our applications and portfolio to drive the best return for the product, and serve on the Credit Team, whose primary mission is to grow the lending revenue responsibly to maximize profit within the company’s risk appetite.
Design data-based credit strategies for pre-screening, underwriting, risk tiering, loan amount assignment, and verifications to drive credit optimization.
Partner with the Data Science team to design new machine learning risk models.
Collaborate with cross-functional teams to accurately deploy new strategies, and evaluate new data sources and models to improve the strategy risk separation.
Lead the process for establishing target metrics and expectations, and constantly monitor and evaluate the strategies and portfolio performance.
Identify gaps and issues, and solve business problems.
Lead the team to conduct monitoring analyses and identify opportunities for continuous enhancement and optimization.
Continuously improve existing processes and funnel conversions; and communicate results, insights, and recommendations to senior leadership and business partners.
Lead, support, and develop team members.
Serve as a key participant in risk team hiring.
Mentor other analysts on risk analytics; and manage multiple projects with cross-functional stakeholders simultaneously set priorities, and meet deadlines.
Work with cross-function teams to deliver successful business results.
Deliver insights into product design and functionality to align product construction with Earnest’s risk tolerance.
Work cross-functionally with the Product and Analytics squads to build experiments to drive risk-adjusted returns.
Coordinate with the Capital Markets, Analytics, and FP&A teams to ensure that expected portfolio performance is accurately reflected.
Develop diligence materials to support the execution of business transactions and provide analysis results to management and external ratings agencies.
Telecommuting permitted up to five days per week, but must live in the Oakland, California area.

Requirements

What you’ll need

Master’s degree in Finance, Mathematics, or a closely related field
7 years of experience as a risk manager or related occupation in the consumer lending industry;
Including 7 years of experience with each of the following:
developing data-driven credit strategies for lending products, including pre-screening, underwriting, risk tiering, loan amount assignment, and verifications;
modeling techniques, including decision trees, logistic regression, gradient boosting models and other machine learning models;
analyzing customer performance data, bureau attributes, and other third-party variables to solve business problems
building underwriting risk scores;
cash flow financial modeling and lending products’ P&L evaluation;
loss forecast methodology and portfolio management;
Excel, SQL, and Python;
A/B testing;
business intelligence tools, including Looker or Tableau.

Benefits

Comp & perks

Health, Dental, & Vision benefits plus savings plans
Mac computers + work-from-home stipend to set up your home office
Monthly internet and phone reimbursement
Employee Stock Purchase Plan
Restricted Stock Units (RSUs)
401(k) plan to help you save for retirement plus a company match
Robust tuition reimbursement program
$1,000 travel perk on each Earnie-versary to anywhere in the world
Competitive days of annual PTO
Competitive parental leave

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Applicant Tracking System Keywords

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Hard Skills & Tools

data-driven credit strategiespre-screeningunderwritingrisk tieringloan amount assignmentverificationsmodeling techniquescash flow financial modelingloss forecast methodologyportfolio management

Soft Skills

leadershipmentoringcollaborationproblem-solvingcommunicationproject managementteam developmentanalytical thinkingstrategic thinkingcross-functional teamwork