Director, Credit Risk

Earnies are committed to helping borrowers move forward with confidence by offering smarter borrowing options with a clearer path to taking control of their debt. If you’re as passionate as we are about our mission, read more below, and let’s build something great together. 

Earnest LLC – Oakland, CA

Title: Director, Credit Risk

• The Director, Credit Risk at Earnest LLC in Oakland, CA will lead the development, deployment, testing, monitoring, and optimization of the credit strategies of the lending products offered by Earnest LLC, including Personal Loan, or Student Loan Refinance, or Private Student Loans.

• Analyze the industry's lending products, our applications and portfolio to drive the best return for the product, and serve on the Credit Team, whose primary mission is to grow the lending revenue responsibly to maximize profit within the company’s risk appetite.

• Design data-based credit strategies for pre-screening, underwriting, risk tiering, loan amount assignment, and verifications to drive credit optimization.

• Partner with the Data Science team to design new machine learning risk models.

• Collaborate with cross-functional teams to accurately deploy new strategies, and evaluate new data sources and models to improve the strategy risk separation.

• Lead the process for establishing target metrics and expectations, and constantly monitor and evaluate the strategies and portfolio performance.

• Identify gaps and issues, and solve business problems.

• Lead the team to conduct monitoring analyses and identify opportunities for continuous enhancement and optimization.

• Continuously improve existing processes and funnel conversions; and communicate results, insights, and recommendations to senior leadership and business partners.

• Lead, support, and develop team members.

• Serve as a key participant in risk team hiring.

• Mentor other analysts on risk analytics; and manage multiple projects with cross-functional stakeholders simultaneously set priorities, and meet deadlines.

• Work with cross-function teams to deliver successful business results.

• Deliver insights into product design and functionality to align product construction with Earnest’s risk tolerance.

• Work cross-functionally with the Product and Analytics squads to build experiments to drive risk-adjusted returns.

• Coordinate with the Capital Markets, Analytics, and FP&A teams to ensure that expected portfolio performance is accurately reflected.

• Develop diligence materials to support the execution of business transactions and provide analysis results to management and external ratings agencies.

• Telecommuting permitted up to five days per week, but must live in the Oakland, California area.  Salary: $298,022/year.

Position is 100% remote.

This notice is subject to Earnest LLC's employee referral program.

Interested candidates can apply online at www.earnest.com/careers [earnest.com] or send a resume to
directrecruiting@earnest.com and reference job code 064.

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:

• Every Second Counts: Speed is our competitive advantage. Our customers need better solutions, and the faster we execute, the greater our chance of success.
• Choose To Do Hard Things: We win by tackling the hard things that others avoid, fueled by grit and resilience.
• Pursue Excellence: Great companies, teams, and individuals never settle and are proud of the work that they do. What’s good enough today won’t be good enough tomorrow. Excellence isn’t a destination; it’s a mindset of continuous improvement.
• Lead Together: Our success comes from how we work together. Leadership is not about titles—it is about action. We take ownership, drive results, and move forward as a team.
• Don’t Take Yourself Too Seriously: We take our work seriously, not ourselves. The stakes are high, but a sense of humor keeps us grounded, creative, and resilient.

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.