Senior Director, Credit Risk

Senior Director, Credit Risk

As Marqeta's Senior Director, Credit Risk, you will lead our underwriting team and be responsible for developing and designing strategy to help us launch and scale successful credit programs. You will be the person who scales our credit underwriting organization leveraging our early beginnings and progress to date - establishing Marqeta as a disruptive force in the credit space with our differentiated vision and approach. You will mentor and develop a world-class team of credit risk professionals and drive innovation to establish best-in-class credit strategies and underwriting models. This role requires someone who can represent Marqeta at the highest levels with customers and partners as our head of underwriting and credit risk strategy. You will work closely with internal stakeholders including Product, Risk Operations / Servicing, Finance, and Data while partnering and building strong relationships with external bank partners and customers.

We work Flexible First. This role can be performed remotely anywhere within the United States or from our headquarters in Oakland, CA. We'd love for you to join us!

The Impact You'll Have

• Scale and lead Marqeta's credit organization - this is a foundational role for our credit business
• Mentor, guide and develop a high-performing team that will scale from 2 to 10+ professionals over the next 1-2 years
• Oversee portfolio performance and account management activities across diverse portfolio types including consumer and commercial credit programs
• Build, review, and refine Marqeta's consumer and commercial underwriting models leveraging advanced statistical modeling and data science
• Proactively monitor and adjust Marqeta's credit policies based on performance and risk trends across multiple portfolio types and risk segments
• Establish credit strategies for our co-brand, consumer and commercial credit card programs that directly drive KPIs (approval rates, new accounts, loss rate, profit margin, etc.)
• Enhance underwriting and risk documentation, work with bank partners on model validation and governance, and report KPIs to senior management and external stakeholders
• Partner with product to build modern credit stacks and data strategy leveraging financial, bank, and third-party datasets to enable underwriting automation
• Represent Marqeta's credit capabilities and vision to customers and bank partners
• Provide risk consulting services to our bank partners and customers, recommending improvements to credit strategies

Who You Are

What Makes This Role Special

Typical Process

Compensation and Benefits

Marqeta is a Flex First company which allows you to choose your best working environment, whether that be from home or at a company office. To support Flex First, we calibrate pay to a competitive value according to working location. Compensation is aligned according to three tiers within the United States :

Visit this page or consult with a Recruiter to determine which tier would be applicable to you.

When determining salaries, we consider several factors including, but not limited to, skills, prior experience, and work location. The new-hire base salary range for this position is :

We also believe in recognizing the contributions of our people. That's why we award annual bonuses to eligible employees, rewarding both individual performance and the success of the entire company.

Along with monetary compensation, Marqeta offers