• Develop and implement Fraud strategies leveraging data, machine learning models and advanced analytics tools to mitigate fraud losses and maintain superior customer experience.
• Manage and optimize existing strategies effectively controlling risks due to first party and third-party fraud.
• Design A/B tests and understand the risk and customer experience trade-offs.
• Lead the efforts to constantly iterate and improve existing strategies while identifying additional automation opportunities.
• Continue to innovate by testing new data, analytics approaches and models
• Monitor and analyze portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance drivers.
• Communicate findings and recommendations to the Risk Management and broader Prosper community.
• Maintain fraud losses within the allocated annual budget.
• Identify and evaluate new vendors / data sources and create business cases and present them to senior management.
• Partner with Product, Marketing, Engineering and External Vendor teams to implement strategies and monitor the strategy performance.
• Work with legal and compliance team to ensure strategies and policies comply with all the regulatory requirements.
• Bring innovative/out of the box thinking to solve problems and make recommendations.
• Conduct ad-hoc analysis related to risk management, product, operations.

About You

• Masters’s degree in Business, Statistics, Mathematics, Computer Science, Engineering or Economics and 8+ years relevant experience managing credit/fraud risk
• 4+ years of people leadership experience
• Experience managing fraud in consumer lending industry or consumer credit card
• Strong analytical and problem-solving skills
• Experience using models and Decision Trees to develop strategies.
• Must have strong proficiency in SQL. Knowledge of R, Python, Tableau, and Knowledge Seeker will be a plus.
• Fiserv and/or FICO fraud tool experience is a plus.
• Strong communication skills – ability to communicate technical subject matter clearly and succinctly to other team members and Senior Management team.
• Knowledge and experience of segmentation, statistical procedures, and financial analytic tools are required.
• Curious to ask questions, probe into reasons and challenge the status quo.
• Self-starter and comfortable dealing with ambiguity.
• Strong ownership and motivation to drive business results.
• Ability to work in a fast-paced environment and meet deadlines without sacrificing quality.

What We Offer

• The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives
• The opportunity to work in a fast-paced environment with experienced industry leaders
• Flexible time off, comprehensive health coverage, competitive salary, paid parental leave, and other wellness benefits
• A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through Perkspot
• The ability to work remotely in the United States

Compensation details: The salary for this position is $186k - $223k annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

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About Us

Founded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest. Since inception, Prosper has helped more than 2 million people gain access to affordable credit with over $27 billion in loans originated through its platform. Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, credit, home equity lines of credit (HELOC), and our newest product, HELoan. Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!

Our Values

Diversity expands opportunities

Collaboration creates better solutions

Curiosity fuels our innovation

Integrity defines all our relationships

Excellence leads to longevity

Simplicity guides our user experience

Accountability at all levels drives results

www.prosper.com

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Applicants have rights under Federal Employment Laws.

Family & Medical Leave Act (FMLA)

Equal Employment Opportunity (EEO)

Employee Polygraph Protection Act (EPPA)

California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA: https://www.prosper.com/plp/legal/privacy-notice-for-applicants/

At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill set and diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.

Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.