Credit Risk Manager

Credit Risk Manager

Location: Remote (U.S. Only)

Job Type: Full-Time

Salary Range: $120k – $140k

Remote Work Policy: Remote only (Hires remotely in United States)

Preferred Timezones: Pacific Time, Mountain Time, Central Time, Eastern Time

Relocation: Not Available

Visa Sponsorship: Not Available

About Fold:

Fold makes it easy to earn, buy, sell, and live off Bitcoin. The company optimizes traditional consumer financial products for a Bitcoin future, offering products like an FDIC-insured checking account, a Bitcoin exchange and wallet, and merchant offers. Fold also launched the first Bitcoin rewards debit card and recently announced a Bitcoin rewards credit card. Fold went public in February 2025 as the first publicly listed Bitcoin financial services company. The company is growing rapidly, with a passionate community and committed investors.

About the Role:

Fold is seeking an experienced Credit Risk Manager to join their growing team. The ideal candidate will have 7+ years of experience in credit risk management, financial analysis, and risk modeling, with expertise in underwriting, portfolio monitoring, regulatory compliance, and fraud prevention. This role will be pivotal in shaping Fold’s credit risk strategy, optimizing credit underwriting policies, and ensuring the profitability and stability of Fold’s Bitcoin Rewards Credit Card and future lending products.

Primary Responsibilities:

• Credit Risk Strategy & Underwriting:
• Develop, refine, and implement credit risk models and underwriting policies for Fold’s credit card business.
• Establish risk-based pricing strategies to optimize profitability and risk-adjusted returns.
• Continuously improve approval rates and risk selection by testing and optimizing underwriting criteria.
• Portfolio Monitoring & Loss Forecasting:
• Track portfolio performance metrics (e.g., delinquency rates, charge-offs, and loss trends).
• Develop and maintain risk scorecards for portfolio segmentation and loss rate predictions.
• Conduct stress testing and scenario analysis to predict credit losses in various economic conditions.
• Provide recommendations for credit line adjustments, risk-based pricing, and loss mitigation strategies.
• Fraud Prevention & Transaction Risk Management:
• Oversee application fraud prevention efforts, including KYC/AML compliance and transaction monitoring.
• Implement fraud detection tools (e.g., unit21) to reduce fraud losses.
• Work with processors to monitor fraud trends and deploy countermeasures.
• Develop real-time fraud rules and chargeback management policies.
• Regulatory Compliance & Risk Governance:
• Ensure compliance with regulations such as FCRA, TILA, ECOA, FDCPA, and BSA/AML.
• Collaborate with compliance teams to enhance internal controls and regulatory reporting.
• Work on audit readiness and enhance risk mitigation frameworks.
• Reporting & Stakeholder Communication:
• Provide monthly risk reports to senior leadership.
• Represent the risk function in discussions with the issuing bank and lender.
• Collaborate with finance and product teams to align credit risk policies with Fold’s growth strategy.

Requirements:

• 7+ years of experience in credit risk management, underwriting, or portfolio analytics in credit cards, consumer lending, or fintech.
• Expertise in credit risk modeling, scorecard development, and risk-adjusted pricing.
• Deep knowledge of regulatory requirements for credit underwriting, consumer lending, and fraud risk management.
• Experience with fraud prevention tools (e.g., Sardine, Plaid, or Unit21).
• Prior experience working with card issuers, processors, and sponsor banks is a plus.

Why You’ll Love Us:

• Fully remote team with a highly collaborative culture.
• Flexible work schedule, including unlimited time off.
• Competitive salary, equity package, and 401k with employer match up to 3%.
• Comprehensive health, vision, and dental insurance, including HSA and FSA accounts.
• Paid parental leave and annual training and tuition allowance.
• Regular team meetups to socialize and co-work.
• Bitcoin “starter pack” provided to new hires, including educational materials and a hardware wallet.

To Apply:

Send your cover letter and resume to people@foldapp.com.

Note: Candidates must have permanent legal authorization to work in the United States. Verification of employment eligibility will be required. Visa sponsorship is not available.

Equal Opportunity Employer:

Fold is an equal opportunity employer. We do not discriminate against applicants for any reason.

This could be a great opportunity if you have experience in credit risk management and are interested in the intersection of finance and Bitcoin!