Credit Risk Manager

As Marqeta’s Credit Risk Manager, you will lead credit underwriting and account management for our SMB and commercial card programs, helping us launch and scale credit offerings for small, mid-market, and commercial businesses. You will drive innovation to establish best-in-class credit strategies in partnership with internal stakeholders and external bank partners and customers. This role supports Marqeta’s evolving managed credit card programs by owning manual underwriting, account management, spend controls, line management, and portfolio monitoring for SMB and commercial customers.

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

About the Role

You will create something unique in the embedded credit space: a marketplace that enables fintech apps, wallets, and merchants to offer credit products at scale. Embedded within finance, this role will collaborate with cross-functional teams across product, engineering, sales, operations, and other areas.

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.
• Establish strategies that directly drive 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, and liquidity information.
• 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.
• Bachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related field.

Skills

• 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.
• Experience working cross-functionally with product, engineering, finance, compliance, bank partners, and capital providers.
• Exceptional communicator — able to translate complex credit concepts for executive, partner, and cross-functional audiences (written and verbal).
• Comfortable in a build environment — moves fluidly between strategy and execution without a large supporting team.
• Thrives in fast-paced, dynamic settings with shifting priorities.
• Demonstrated ability to adapt credit strategies in response to portfolio performance changes or macroeconomic conditions.

Pay

Compensation is aligned according to three tiers within the United States:

• National: $123,000 - $153,800
• Premium: $133,100 - $166,400 (higher cost-of-living areas such as Los Angeles, CA, and Seattle, WA)
• Premium Plus: $144,700 - $180,900 (most expensive areas like the San Francisco Bay area and New York City)

When determining salaries, we consider skills, prior experience, and work location. We also award annual bonuses to eligible employees, rewarding both individual performance and company success.

Benefits

• Multiple health insurance options.
• Flexible time off — take what you need.
• 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.
• Monthly stipend to support our remote work model.
• Annual “development dollars” to support growth and learning.

About Marqeta

Marqeta is on a mission to change the way money moves. We’re one of the earliest enablers of embedded finance, a market opportunity sized in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta powers brands like Block, Cash App, Affirm, Instacart, Doordash, Uber, and Walmart.