Risk Analyst II, Student Loans

As a Risk Analyst II at Earnest, your primary responsibility will be to perform qualitative and quantitative analyses to inform credit strategies across loan approvals, pricing, servicing, and collections. Additionally, you will track and analyze loan portfolio performance to identify emerging risks, trends, and optimization opportunities. Your role will also involve testing and evaluating credit risk controls, identifying gaps, and recommending improvements to strengthen risk mitigation. You will be expected to monitor and report on key risk metrics and KPIs, including investigating compliance and credit risk gaps. Furthermore, you will collaborate cross-functionally with Product, Operations, Compliance, and Engineering teams to implement and validate credit policies and workflows. Qualifications required for this role include: - 2+ years of experience in credit risk or a data-centric analytical role (e.g., financial modeling, consulting, pricing, or risk analytics) - Bachelors degree in a quantitative field such as Economics, Finance, Engineering, or a related discipline - Strong SQL skills and experience working with large datasets in an analytical environment - High attention to detail with the ability to synthesize and communicate complex analyses clearly - Demonstrated critical thinking, problem-solving skills, and comfort working on multiple projects under tight deadlines Desirable qualifications that would be even better: - Experience analyzing loan portfolios within consumer lending products - Familiarity with internal controls, data governance, and financial regulations - Experience with statistical modeling concepts or data modeling tools (e.g., dbt) - Experience with Python and BI tools like Tableau and Looker - Exposure to underwriting, servicing, or collections strategies in a lending environment The role is based in the US. Earnest believes in compensating employees fairly and equitably, offering a pay range of $84,400 to $117,500 USD per year. In addition to competitive base pay, Earnest provides a variety of perks and benefits, including health, dental, and vision benefits, Mac computers, monthly internet and phone reimbursement, stock options, retirement savings plans, tuition reimbursement, travel perks, competitive parental leave, and more. At Earnest, the cultural principles guide how employees work and interact with each other. These principles include valuing speed, tackling challenges, pursuing excellence, working collaboratively, and maintaining a sense of humor. Earnest is committed to fostering a diverse and inclusive workplace where all employees feel included, valued, and heard. Earnest provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, veteran status, disability, or genetics. As a Risk Analyst II at Earnest, your primary responsibility will be to perform qualitative and quantitative analyses to inform credit strategies across loan approvals, pricing, servicing, and collections. Additionally, you will track and analyze loan portfolio performance to identify emerging risks, trends, and optimization opportunities. Your role will also involve testing and evaluating credit risk controls, identifying gaps, and recommending improvements to strengthen risk mitigation. You will be expected to monitor and report on key risk metrics and KPIs, including investigating compliance and credit risk gaps. Furthermore, you will collaborate cross-functionally with Product, Operations, Compliance, and Engineering teams to implement and validate credit policies and workflows. Qualifications required for this role include: - 2+ years of experience in credit risk or a data-centric analytical role (e.g., financial modeling, consulting, pricing, or risk analytics) - Bachelors degree in a quantitative field such as Economics, Finance, Engineering, or a related discipline - Strong SQL skills and experience working with large datasets in an analytical environment - High attention to detail with the ability to synthesize and communicate complex analyses clearly - Demonstrated critical thinking, problem-solving skills, and comfort working on multiple projects under tight deadlines Desirable qualifications that would be even better: - Experience analyzing loan portfolios within consumer lending products - Familiarity with internal controls, data governance, and financial regulations - Experience with statistical modeling concepts or data modeling tools (e.g., dbt) - Experience with Python and BI tools like Tableau and Looker - Exposure to underwriting, servicing, or collections strategies in a lending environment The role is based in the US. Earnest believes in compensating employees fairly and equitably, offering a pay range of $84,400 to $117,500 USD per year. In addition to competitive base pay, Earnest provides a variety of perks and benefits, including health, dental, and