Credit Risk Manager

ABOUT THE ROLE As Marqeta's Credit Risk Manager, you will lead credit underwriting and account management for our SMB and commercial card programs, helping us launch and scale credit offerings for small, mid-market, and commercial businesses. You will drive innovation to establish best-in-class credit strategies in partnership with internal stakeholders and external bank partners and customers. You will create something unique in the embedded credit space: a marketplace that enables fintech apps, wallets, and merchants to offer credit products at scale. This role will support Marqeta's evolving managed credit card programs by owning manual underwriting, account management, spend controls, line management, and portfolio monitoring for SMB and commercial customers, in partnership with cross-functional execution teams across product, engineering, sales, operations, and other functional areas. The Impact You'll Have As a Credit Risk Manager, you will have a significant impact on Marqeta's credit strategy and policy, modeling and data, account management and portfolio monitoring, governance and reporting, and advisory and cross-functional leadership. WHAT YOU'LL DO Your responsibilities will include: - Owning end-to-end manual underwriting for new SMB and commercial card customers, using both bureau data and cash flow analysis to make credit decisions - Building, reviewing, and refining SMB and commercial credit card risk origination strategies, including line assignment, spend controls, and account management policies - Proactively adjusting credit card policies based on portfolio performance and risk trends - Establishing strategies that directly drive KPIs: approval rates, new accounts, loss rates, profit margin, and more - Partnering with data scientists to build best-in-class commercial credit risk and cash flow models - Working with product to develop modern credit stacks and data strategies leveraging bureau, bank, and cash flow datasets, including financial statements, accounts payable, liquidity information, etc. - Managing credit lines, spend controls, and exposure across the SMB and commercial portfolio, taking proactive risk-based action on accounts as performance evolves - Building the tracking and early warning framework for the portfolio, including utilization, payment behavior, and concentration risk - Drafting underwriting and risk documentation - Supporting bank partners on model validation and governance - Reporting KPIs and risk performance to senior management regularly - Serving as a risk consultant to bank partners and customers — recommending improvements to credit strategies - Collaborating across Banking, Product, Finance, and Capital Markets as an internal strategic resource and external-facing advisor WHAT YOU'LL NEED To be successful in this role, you will need: - 5+ years building credit card risk and pricing programs, ideally at a fintech, with hands-on manual underwriting experience on SMB and/or commercial credit card products - Proven ownership across the SMB and commercial credit card lifecycle, including manual underwriting, credit policy and risk strategy development, monitoring, and adjustment, line assignment, spend controls, and account management strategy, risk assessments for prospective customers, and acquisition strategy across card programs - Bachelor's degree in Finance, Business, Accounting, Economics, Statistics, Math, or a related field - Expert in Excel and SQL modeling - Strong financial statement, accounts payable, and liquidity analysis skills for SMB and commercial entities - Comfort