Credit Risk Senior Manager

As Marqeta’s Credit Risk Senior Manager, you will lead our credit risk and pricing strategy, helping us launch and scale credit programs from the ground up. You will drive innovation to establish best-in-class credit strategies in partnership with internal stakeholders and external bank partners and customers. 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 support Marqeta’s evolving managed credit card programs by shaping credit risk strategy across acquisition and account management, pricing, performance, and portfolio monitoring, in partnership with cross-functional execution teams across product, engineering, sales, operations, and other functional areas.

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

About the Role

• Credit Strategy & Policy
  • Own end-to-end credit strategy initiatives — from framework design through implementation and ongoing monitoring
  • Build, review, and refine consumer and commercial credit card risk and pricing strategies
  • 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
• Modeling & Data
  • Partner with data scientists to build best-in-class credit risk and cash flow models
  • Work with product to develop modern credit stacks and data strategies leveraging financial, bank, and third-party datasets — enabling underwriting automation at scale
• Capital Markets & Partners
  • Partner with capital markets on securitization structures, warehouse lines, and forward flow deals
  • Provide analytical support to co-brand partners, including loss forecasts and profitability analysis
• Governance & Reporting
  • Draft underwriting and risk documentation
  • Support bank partners on model validation and governance
  • Report KPIs and risk performance to senior management regularly
• Advisory & Cross-Functional Leadership
  • 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

• Experience & Background
  • 8+ years building credit card risk and pricing programs, ideally at a fintech — across consumer and/or commercial underwriting
  • Proven ownership across the full credit card lifecycle:
    • Credit policy and risk strategy development, monitoring, and adjustment
    • Approval, line assignment, and pricing strategy design
    • Risk assessments for prospective partners
    • Acquisition strategy across card programs
  • Bachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related field
• Technical Skills
  • Expert in Excel and SQL modeling
  • Comfortable using data to build alignment across stakeholders with competing priorities
• Collaboration & Communication
  • 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)
• Mindset & Adaptability
  • 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

The new-hire base salary range for this position is:

• Premium+: $180,600 - $225,800
• Premium: $166,200 - $207,700
• National: $153,500 - $191,900

When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. We also award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

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 development

Through Flex First, you have the freedom to live and work wherever you and your family thrive.

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 is powering the most well-known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc).