Happy Money

Analytics Manager, Risk and Loss Forecasting at Happy Money

| Remote
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ABOUT HAPPY MONEY 

Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Backed by leading investors including Anthemis Group, Tencent Holdings and CMFG Ventures, Happy Money has helped nearly 150,000 members pay off more than $2.7 billion in credit card debt since inception through its award-winning Payoff Loan™. Founded in 2009, Happy Money has a diverse employee base of over 350 people across the United States.

ABOUT THE ROLE

Happy Money Risk Team is currently looking for an analytical risk manager to lead the loan portfolio risk monitoring and loss forecasting. The core responsibilities include loss loan product credit forecasting model development, portfolio monitoring, prepayment analysis, macroeconomic scenarios, stress factors and qualitative management layer recommendations. This position will also have the opportunity to give thought leadership on hybrid product structures and fintech partnerships.

This is a 100% remote role (Based in the United States)
 

WHAT YOU’LL BE DOING 

  • Manage account level loss forecasting, prepayment forecasting, including calculations, analysis, and documentation
  • Manage the risk reground process, including project charter, data research, approach and methodology, intent scoping, timelines and prioritization, stakeholder presentations and storytelling
  • Own and maintain the risk monitoring and reporting processes, ensuring all relevant metrics are reported timely and accurately
  • Collaborate with the Science team over model development and assessment of key assumptions such as portfolio segmentation, data methodology, forecast period, and potentially econometrics inputs that go into the model
  • Monitor the quantitative models used for expected credit loss estimation, and related components such as unit charge-offs, dollar charge-offs, recoveries, prepayment, loan deferment and loan modification impacts
  • Ensure model backtesting and ongoing monitoring are performed and reviewed and implement any changes that arise from the results
  • Perform in-depth analysis, including trends, variances, macro-variables impact etc for customer behavioral insights and risk mitigation recommendations
  • Perform scenario analysis, estimating the effects of changes in forecasts and assumptions on expected credit losses on an ongoing basis
  • Lead, present and document meetings at the monthly business review, quarterly investor updates and with stakeholders as needed
  • Implement credit loss assumptions into business data warehouse; design and collaborate with business intelligence on Risk related dashboards
  • Manage research and implementation of regulatory, accounting standards and industry best-in-class models relevant to credit risk

ABOUT YOU

  • 5+ years of experience in loss forecasting, risk modeling, financial services, credit risk or corporate finance
  • Bachelor’s degree in the quantitative field
  • Significant experience with allowance for loan loss accounting, risk modeling, stress testing
  • Demonstrated advanced use of Python and/or R, SQL and/or Snowflake with the ability to query and manipulate both product-centric and customer-centric data 
  • Experience with Tableau style business intelligence reporting tools, including owning dashboard use case, metric definition from core systems, and validating results
  • An ability to remain highly organized, well-rounded, flexible, and able to pivot direction when needed
  • Detail-oriented individual with strong analytical, organizational, and problem-solving skills
  • Strong verbal and written communication skills
  • Ability to work well independently and self-motivate in a fast-paced and rapidly changing environment
  • Direct experience developing and implementing loss forecasting models preferred

Here at Happy Money, we live by our core values of Love, Trust, and Hustle and welcome all. Love is shown in how we develop meaningful relationships with everyone we interact with; whether it’s a member or your manager. Trust is shown through how we empower each other to come to work as our true selves and embrace our differences. Hustle is shown through how we fail fast and learn from our mistakes. No one is perfect, we’re all human; if this job description doesn’t exactly match your background, we encourage you to apply anyway!

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
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    • RLanguages
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    • ScalaLanguages
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    • CodeIgniterFrameworks
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What are Happy Money Perks + Benefits

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Diversity
Highly diverse management team
Unconscious bias training
Diversity manifesto
Mean gender pay gap below 10%
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Mental Health Benefits
Retirement & Stock Options Benefits
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Remote Work Program
Company sponsored family events
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Company Outings
Happy Hours
Pet Friendly
Recreational Clubs
Home Office Stipend for Remote Employees
Professional Development Benefits
Job Training & Conferences
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Customized development tracks

Jobs at Happy Money
14

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IT Support Specialist

Happy Money
Remote
1 day ago
+42
ABOUT HAPPY MONEY  Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission

Senior Manager, Software Engineering

Happy Money
Remote
1 week ago
+42
ABOUT HAPPY MONEY  Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission

Director, Engineering

Happy Money
Remote
1 week ago
+42
ABOUT HAPPY MONEY  Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission

Finance Manager

Happy Money
Remote
2 weeks ago
+42
ABOUT HAPPY MONEY  Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission

Software Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Senior Software Engineer - UI

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Senior Software Engineer - Mobile

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Senior Software Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Senior Site Reliability Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Principal Site Reliability Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Principal Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Manager, Software Engineering

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

IT Automation Engineer

Happy Money
Remote
2 weeks ago
+42
Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission-aligned capital and consumers.

Vice President, Analytics & Business Strategy

Happy Money
Remote
3 weeks ago
+42
ABOUT HAPPY MONEY  Happy Money® is building a happier and more equitable financial ecosystem that seamlessly blends psychology, technology, and a focus on happiness to help consumers go from borrower to saver, investor, and giver. The company provides a path toward improving financial well-being and securing greater happiness – beginning with paying off credit card debt – through its science-enabled, purpose-driven marketplace between mission