Happy Money
Head of Credit & Fraud
Remote, USA · Senior · Full-time
Sponsorship not specified$220k-$260kDetected 4 days ago
Data ScienceStatisticsAccount ManagementForecastingPerformance ManagementLeadershipPublic SpeakingUnderwriting
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odds of building a lasting career here
59Sponsors, lottery-bound
Cap-exempt (no lottery)0
Sponsors this role80
Entry-level history0
PERM / green-card track0
Lottery odds (Level IV)94
Fits your clock70
Sponsors, but it's cap-subject — you still face the weighted lottery (~61% per draw at Level IV). Good if you win; have a cap-exempt backup on your list.
Lottery odds assume a STEM candidate.
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About the role
- You are highly data driven and committed to testing and learning.
Responsibilities
- Own credit and fraud strategy and policy across the customer lifecycle, from acquisition and underwriting through account management, to maximize risk-adjusted returns and manage losses through the credit cycle
- Balance loss rates, approval rates and conversion to grow profitably, and lead the rollout of growth initiatives, measured against credit and profitability targets
- Own credit performance monitoring, vintage analysis and early-warning indicators, and partner with Data Science and Finance on loss forecasting and model governance
- With Legal & Compliance, make sure credit and fraud policies meet regulatory, fair lending and partner requirements
- Recruit, develop and lead a high-performing team of credit, fraud and strategy professionals
- Build the right mix of in-house talent, third-party partners and automation tools (including AI), and know when to use each
- Build a culture of accountability, curiosity and sound judgment, and grow future leaders on the team
Requirements
- College degree in a quantitative discipline such as Economics, Finance, Engineering, Math, Statistics, Business, Science or Computer Science (or equivalent experience)
- 12+ years of experience in financial services
- 8+ years of credit risk experience, including direct ownership of credit strategy or credit policy decisions for a consumer lending portfolio
- Experience owning or partnering closely on fraud risk strategy and controls
- Experience presenting substantiating data-driven strategic decisions to C-suite executives, boards and external partners or investors with a high degree of influence
- Working knowledge of consumer lending regulation, including fair lending (ECOA / Regulation B), FCRA and model risk management
- Experience balancing individual contributions with people-management needs across an organization and knows when to transition from strategy to execution (and vice-versa)
Nice to have
- Experience at a fintech or smaller financial services company, where leaders combine strategy with hands-on execution
- Experience in unsecured consumer lending, such as personal loans or credit cards
- Experience with bank or credit union partnership models, forward flow or loan sale programs
- Experience managing a consumer lending portfolio through a credit downturn
- Advanced degree (MBA, or MS / PhD in a quantitative field)
Compensation
- $220,000 - $260,000 USD
Benefits
- Generous medical, dental, and vision insurance options
- Eligible for Annual Bonus
- Generous PTO including sick leave, vacation, volunteer, and more
- 12 Weeks Paid Parental Leave
- Company-paid short & long term disability and life insurance
- Spot credit and fraud risks early, including shifts in consumer credit health and new fraud patterns, and respond with timely policy and control changes
- Monthly tech stipend to help cover expenses for remote work
Company info
- Happy Money is a consumer finance company that empowers people to achieve their goals through simple, transparent loans funded by trusted financial institutions.
- Through its proprietary lending platform, Hive, Happy Money delivers a fully digital experience that simplifies borrowing for consumers and helps credit unions, banks and asset managers diversify balance sheets and scale with confidence.
- Happy Money's end-to-end loan origination and participation programs provide partners with turnkey access to high-performing assets, underpinned by disciplined credit expertise and robust risk management.
- Together with its lending partners, Happy Money has originated more than $7 billion in loans to help nearly 350,000 people take greater control of their financial futures.
- Learn more at happymoney.com.
- Happy Money is a 100% fully distributed company.
- Remote work doesn't mean less work, we work full-time jobs and show up to them fully every day.
- To learn more about our values and the way we work, review our Happy Money Way Overview!
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This listing is sourced directly from Happy Money's careers page and normalized into a canonical job model.