Credit Risk Manager

About the role

Lead credit underwriting and account management for Marqeta’s SMB and commercial card programs, driving innovation in credit strategies and establishing best-in-class practices.

Responsibilities

• Own end-to-end manual underwriting for new SMB and commercial card customers, using both bureau data and cash flow analysis to make credit decisions
• Build, review, and refine SMB and commercial credit card risk origination strategies, including line assignment, spend controls, and account management policies
• Proactively adjust credit card policies based on portfolio performance and risk trends
• Create innovative credit strategies that directly drive key performance indicators (KPIs): approval rates, new accounts, loss rates, profit margin, and more
• Partner with data scientists to build best-in-class commercial credit risk and cash flow models
• Work 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.
• Manage credit lines, spend controls, and exposure across the SMB and commercial portfolio, taking proactive risk-based action on accounts as performance evolves
• Build the tracking and early warning framework for the portfolio, including utilization, payment behavior, and concentration risk
• Draft underwriting and risk documentation
• Support bank partners on model validation and governance
• Report KPIs and risk performance to senior management regularly
• Serve as a risk consultant to bank partners and customers, recommending improvements to credit strategies
• Collaborate across Banking, Product, Finance, and Capital Markets as an internal strategic resource and external-facing advisor

Requirements

5+ 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 products

Proven 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 adjustment
• Line assignment, spend controls, and account management strategy
• Risk assessments for prospective customers
• Acquisition strategy across card programs

Qualifications

• Bachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related field
• Expert in Excel and SQL modeling
• Strong financial statement, accounts payable and liquidity analysis skills for SMB and commercial entities
• Comfortable using data to build alignment across stakeholders with competing priorities

Skills

• Expertise in Excel and SQL modeling
• Strong financial statement, accounts payable and liquidity analysis skills for SMB and commercial entities
• Comfortable using data to build alignment across stakeholders with competing priorities

Benefits

Marqeta offers multiple health insurance options, flexible time off, retirement savings program with company contribution and after tax contributions, equity in a publicly-traded company and an Employee Stock Purchase Program, family-forming benefits, fertility support, and up to 20 weeks of Parental Leave, free therapy sessions, financial and professional coaching, and legal advice, and monthly stipend to support remote work model.

Pay

The new-hire base salary range for this position is: - National: $123,000 - $153,800 - Premium: $133,100 - $166,400 - Premium Plus: $144,700 - $180,900

Schedule

This role can be performed remotely in the United States, only in one of our Premium or National locations.