Nelo · 1 day ago
Credit Risk Mgr/Dir
NYC
Full-time
Onsite
Senior Level, Lead/Staff, Director/Executive
$175K/yr - $225K/yr
6+ years expNelo is a leading consumer fintech and e-commerce platform in Mexico, focused on increasing the buying power of consumers in Latin America. The Credit Risk Manager/Director will be responsible for maximizing gross profit and portfolio resiliency by optimizing credit policies and conducting experiments to enhance profitability.
FinanceFinancial ServicesFinTechInformation TechnologyMobile AppsMobile Payments
Responsibilities
Model a course to a portfolio that can sustain a 100% increase in losses without causing gross margin to dip below a specified range
By the end of the third month post start date, ensure no stable segments with a >=15% (relative) difference between expected vs actual credit loss performance at time of acquisition
Proactively identify opportunities to improve approve/decline, line assignment, pricing, or loan duration policy
Launch an experiment to test hypotheses within three months of start date to generate a 1pp increase in gross profit in the treatment group
Generate a cumulative $1mm of gross profit within a year of starting, and $5mm cumulative within two years
Qualification
Required
Must have at least one year of experience in either (1) non-prime consumer lending or (2) LATAM-based consumer lending
Your analysis should not need to be double-checked for technical correctness
Your SQL proficiency is advanced
After becoming familiar with our product and customer base, you have strong opinions about what should be improved, and you autonomously act to achieve those improvements
You should be comfortable with your leaders and other stakeholders telling you that you are wrong, or at a minimum, questioning whether you are right
You'll also need the ability to persuade team members to accept or do things that they don't like but that are essential to the company's health
You are legitimately concerned about losses or profit moving in the wrong direction, you worry a lot about how we might lose money, you are not satisfied with the first explanation, you dig deeper, etc
A critical aspect of risk is expectation management; We need to know that you will present yourself with poise in front of leaders and other stakeholders
You are highly driven to succeed, you are competitive, and perpetually unsatisfied
This is your craft and you sweat the details
Nelo isn't a large established company where the machine is already fully optimized; we are, for example, discovering the correct credit box as we go
At Nelo, people that act with ownership and agency are rewarded with more responsibility and compensation
We prefer to move fast and learn fast, which requires efficiency
We are dealing with people's financial lives. We have to be able to trust you
Preferred
Spanish nice to have
Benefits
Competitive equity
100% medical, dental & vision insurance coverage for you, 50% for dependents
401(k) for US-based employees
Extended maternity and paternity leave
Unlimited PTO (though most of us take about 3-4 weeks/yr)
Relocation support
Company
Nelo
Nelo increases the buying power for consumers in LatAm. Backed by Two Sigma Ventures, Homebrew, Susa Ventures, and more.
11-50 employees
H1B Sponsorship
Nelo has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (1)
2023 (1)
2022 (1)
Funding
Current Stage
Early StageTotal Funding
$123MKey Investors
Victory Park CapitalTwo Sigma VenturesHomebrew
2022-10-19Debt Financing· $100M
2021-10-12Series A· $20M
2021-04-16Seed· $3M
Leadership Team
Kyle Miller
Co-Founder and CEO
Stephen Hebson
Co-Founder and CTO
Recent News
2025-05-06
2023-09-24
Company data provided by crunchbase