Prodigy Finance is a platform that delivers socially responsible financial services, making it possible for students from more than 130 countries to fulfill their dream of studying at the worlds top universities and schools by financing their international postgraduate studies. Our purpose is to democratise access to lifechanging education, whilst delivering competitive financial and social returns to alumni, institutional and private investors.
Our borderless and innovative model enables education loan financing to students from across the globe, whilst using predicted post-degree affordability rather than present-day salary in assessing creditworthiness. Since 2007, Prodigy Finance has extended over US$1 billion through the platform to fund over 25, 000 students.
We are funded by some of the most highly regarded and pre-eminent financial institutions in the world, including Index Ventures, Balderton Capital, Credit Suisse, Deutsche Bank, and more recently the US DFC and CPPIB.
Prodigy Finances Credit Risk Team is located in Cape Town, South Africa with the role reporting to a Credit Risk Manager responsible for underwriting.
What are some of the responsibilities of this role?
- Create and gather new data sets for use in analysis of credit risk related topics
- Build robust underwriting model monitoring.
- Interact closely with internal stakeholders on insights, recommended changes etc.
- Review and recommend updates to the risk strategy, including on the loan offers made and the verification of customers
- Create models and business rule strategy for future business lines.
- Identify opportunities to grow new business, reduce operational costs as well as opportunities to reduce risk by restricting current business
- Formulate and present findings to management
- Judgement; ability to apply good judgement to resolve problems and prioritise opportunities is critical to achieving the best possible outcomes
- Bias to focused action; ability to get the right things done
- Accountability; take responsibility for your actions, decisions and deliverables, whether the outcome is negative or positive
- Communication; ability to share your message clearly and effectively at all times
- Collaboration; ability to work with others cross-functionally in order to deliver exceptional results
- Continuous improvement; actively seek out opportunities for ways to improve yourself, our product, or ways of working
- Leadership; have the ability to exhibit leadership at all levels and take up the opportunity to lead every day, whatever the individual role.
- 1 - 3 years relevant credit experience
- 2 - 3 years Experience in scorecard development, credit analysis, machine learning models or credit underwriting is preferable
- Skills in Tableau, SAS/SQL or python is Advantageous
- Honours level degree or higher in Financial Modelling, Applied Mathematics or Statistics.
