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Senior Business Analyst- Lending



Arlington, VA, USA
Posted on Monday, April 29, 2024

Job Description:

Remitly's vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.

About the Role:

We're searching for an experienced analyst to join Remitly's Lending team, reporting to our Director of Credit Analytics & Strategy. You will own the financial assessment of various lending products and credit strategies across customer acquisitions and management, with an eye toward maximizing integrated customer value including remittances.

This is a zero to one opportunity, creating Remitly's lending business from scratch! You will be a crucial player in shaping the strategy and customer experience for our new lending products. You will have the opportunity to work in a collaborative environment, solving a very rich set of challenges with internal and external partners. This is a chance for you to bring and continue to build your credit analytics experience, while expanding your horizon with Remitly's global focus.

This role is based in Arlington, VA (Washington DC metro area).

You Will:

  • Define the key performance assumptions and KPIs needed to drive the desired economic returns and resilience of our lending products
  • Collaborate with product and engineering in conceptualizing new products and drive the economic viability and sustainability of these new products
  • Build LTV models for our lending products, including integrated remittance value of our customers
  • Define and execute experiments to ground key performance assumptions, and drive business decisions including customer segmentation and underwriting policy for new and existing customers
  • Evaluate new data sources that can improve customer segmentation and underwriting
  • Create and communicate business and financial performance metrics for our credit products, acquisitions and portfolio performance

You Have:

  • Degree in a quantitative field (economics, statistics, mathematics, science, engineering, etc.)
  • 5+ years of experience in an analytics role driving financial business decisions
  • 3+ years of experience in a consumer or small business lending business driving strategies using model based automated customer segmentation and underwriting
  • Analytical and integrated thinking skills
  • Experience with SQL, scripting languages like Python/R for analyses & modeling, dashboarding technologies like Tableau/Mode/other for ongoing monitoring.
  • Comfortable with statistical concepts & tools (such as linear/logistic regression, time series methods, experimental methods)

Compensation Details. The starting base salary range for this position is typically $128,00--$160,000. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Our Benefits:

  • Flexible paid time off
  • Health, dental, and vision benefits + 401k plan with company matching
  • Paid parental, medical, military and family care leave.
  • Mental Health & Family Forming Benefits
  • Employee Stock Purchase Plan (ESPP)
  • Continuing education and corridor travel benefits

We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman’s potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.