Senior Credit Oversight Manager

Senior Credit Oversight Manager

Our mission is to make higher education accessible and affordable for everyone. We empower students with financial support and supercharge their ability to pay down their debt, so they can get on the right financial track, fast. We build tools that help people feel in control of their financial future, including : private student loans, student loan refinancing, and scholarships. Earnies are committed to helping students live their best lives, free from the stress of student debt.

The Senior Credit Oversight Manager will report to the Head of Credit Risk. As the Senior Credit Oversight Manager, you will :

• Ensure credit policies are appropriately designed, implemented, and updated to manage risk in alignment with the company's risk appetite.
• Ensure adherence to regulatory requirements, internal risk management frameworks, and corporate governance standards related to credit practices.
• Partner with the Data Science team to develop and maintain loss forecasting models for the various lending portfolios generated by Earnest.
• Incorporate macroeconomic conditions in the forecast and partner with strategy owners to apply quantitative and qualitative overlays as needed.
• Independently validate models to ensure they are conceptually sound and perform as intended.
• Maintain comprehensive model risk management policies, procedures, and standards in line with regulatory expectations.
• Conduct monthly monitoring of loan performance for each of our loan products at vintage and portfolio levels.
• Present results with insights on trends and drivers.
• Communicate forecast results, insights, and recommendations to leadership and business partners.
• Develop modeling and diligence materials to support the execution of business transactions and provide analysis results to management, investors, and external ratings agencies.

About You :

Even Better :

Where :

This role will be based in the United States.

A little about our pay philosophy : We take pride in compensating our employees fairly and equitably. We are showcasing a range of your potential base salary based on the roles location. The successful candidate's starting pay will also be determined based on job-related qualifications, internal compensation, candidate location and budget. This range may be modified in the future. Pay Range $180,000$215,000 USD.

Earnest believes in enabling our employees to live their best lives. We offer a variety of perks and competitive benefits, including :

What Makes an Earnie :

At Earnest, our people bring our cultural principles to life. These principles define how we work, how we win, and what we expect of ourselves and each other :

At Earnest, we are committed to building an environment where our employees feel included, valued, and heard. Our belief is that a strong commitment to diversity, inclusion, equity, and belonging enables us to move forward with our mission. We are dedicated to adding new perspectives to the team and encourage anyone to apply if your experience is close to what we are looking for.

Earnest provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, veteran status, disability or genetics. Qualified applicants with criminal histories will be considered for the position in a manner consistent with the Fair Chance Ordinance.