Associate - Credit Risk - Card

We are seeking a proactive and analytical Credit Risk Associate to join our team. The associate will be responsible for managing and evaluating credit risk, developing risk mitigation strategies, and collaborating with internal teams to ensure effective risk management for our Credit Card product. This position will work in a broad variety of risk related topics, optimizing Avant’s portfolio for responsible growth.
 

What you’ll do at Avant:

• Manage credit risk assessments and analyses for various portfolios.

• Develop and implement detailed credit risk models and tools.

• Conduct thorough data analysis to evaluate risk and performance metrics.

• Design and implement measured experiments to evaluate future policy expansions.

• Prepare and present comprehensive risk reports for senior management.

• Collaborate with internal teams to develop and execute risk mitigation strategies.

• Build and maintain unit economic models to measure the profitability of credit risk initiatives.

• Monitor industry trends and economic factors affecting credit risk.

• Develop and present business cases for new credit risk initiatives.
   

Why you’re at fit at Avant:

• Bachelor’s Degree in Finance, Economics, Math, Engineering, or related field.

• 3+ years of relevant credit risk experience, preferably in the credit card or personal loan industry.

• Strong analytical and problem-solving skills.

• Proficiency in SQL and Python.

• Excellent communication and interpersonal skills.

• Ability to work independently and as part of a team.

• Master’s degree preferred.

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.

Compensation Range:

The base salary range for this job is USD $77,000 - USD $110,000 / Year

Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities. 

[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]

This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.

Our benefits include:

• Choice of great Medical, Dental, and Vision Insurance Plan options

• 401(k) match

• Flexible Time Off

• Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)

• Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program 

• Lunch Allowance (Fooda) and In-office Snacks

• Summer Fridays 

• Fun In-Office and Virtual Social Events

• And who doesn’t love the swag

Check out our Avant Blog!

We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture.

Why Avant is the place for you:

At Avant, we believe our values make a difference:

Authenticity. We show up to work as our whole selves and make sure others can too.

Collaboration. We can only succeed when we do so as a team.

Problem-Solving. The harder the problem, the more satisfying the solution.

Customer. We are all owners of the customer experience.

Initiative. Plan. Adapt. Get Sh!t Done.

We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.