Program Associate, Enova
Bank Partnerships
More information about location
3+ days a week in office
AI-driven financial credit provider
Open for applications
AI-driven financial credit provider
1001+ employees
Open for applications
More information about location
3+ days a week in office
1001+ employees
Company mission
Enova's mission is to help hardworking businesses and individuals get access to fast, trustworthy credit through its AI-driven credit solutions.
Role
Who you are
- A Bachelor’s degree in Business, Statistics, Finance or a related field
- 3-5 years of experience in product management or banking/finance
- Demonstrated ability to handle multiple competing projects in a dynamic environment through organization, strategic planning and prioritization
- Experience working with compliance teams and regulators, e.g. compliance and audit committees, FDIC, CFPB, etc
- Self-driven and display a high level of initiative toward process improvement
- Excellent oral and written communication skills when communicating with internal and external stakeholders
- Detail oriented with strong organizational and project management skills
- Proficiency in Microsoft Office Suite and G Suite
- Consideration given to: MicroStrategy experience, SQL knowledge, etc
What the job involves
- The Program Associate is responsible for providing support for Enova’s strategic partnerships
- This person will support the change management process of product offerings, operations, credit and technology for strategic partnerships
- This person will collaborate cross-functionally with internal teams to ensure partnership requests are handled per service level agreements
- This individual will also assist with audits and reviews completed by the strategic partners, investors or their respective regulators
- Provide overall support of the day-to-day operations with strategic partners, e.g. manage flow of documents, decisions between groups, product statuses and deadlines
- Support service contracts and relationships between strategic partners and Enova P&L teams
- Ensure all documents (service level agreements, polices & procedures, product guides) are reviewed, maintained and updated according to company policy
- Support stakeholders’ business initiatives, with an emphasis on enhancing risk management controls
- Research escalated questions/issues and revise procedures to identify hidden risks or non-conformity issues
- Communicate internally and externally with stakeholders, including operations, marketing, analytics, compliance and legal
- Create reports to assist the business in monitoring KPIs
Our take
Providing customers with quick access to credit is important for fintech companies to survive in today's financial landscape of open banking, but this is made difficult by high credit rejection rates from banks. However, these decisions are generally made by human assessments of data which are limited due to the complexity of the modern financial landscape. AI-driven solutions, able to analyse vast amounts of data almost instantly to derive accurate credit risk assessments, present room for improvement in the lending industry.
Enova provides a platform called Colossus that leverages AI and machine learning-enabled analytics to provide businesses and individuals with fast, reliable, and trustworthy credit. The company achieves this by partnering with banks and sharing its data analysis solutions, helping to identify opportunities for credit when they would otherwise be missed. There is definitely a market for its product: over 8 million customers have funded almost $50 billion through the platform to date.
Enova has grown strongly in recent years based on the rapid uptake of its product. As the macroeconomic climate remains volatile, businesses will increasingly come to rely on Enova's AI-based solutions to help them manage credit risk and navigate an increasingly complex lending environment.
Steph
Company Specialist
Insights
Company
Company benefits
- Hybrid roles entail working in-office from Tuesday to Thursday, with the choice to work remotely on Mondays and Fridays
- Health, dental, and vision insurance including mental health benefits
- 401(k) matching plus a roth option (U.S. Based employees only)
- PTO & paid holidays off
- Sabbatical program (for eligible roles)
- Summer hours (for eligible roles)
- Paid parental leave
- DEI groups (B.L.A.C.K. @ Enova, HOLA @ Enova, Women @ Enova, Pride @ Enova, South Asians @ Enova, APEX @ Enova, and Parents @ Enova)
- Employee recognition and rewards program
- Charitable matching and a paid volunteer day…Plus so much more!
Company values
- Customer first: We listen to our customers’ needs and create products that solve real problems. We deliver beyond expectations, treating our customers the way we want to be treated
- Best answer wins: We believe innovative ideas and solutions can come from anywhere. That’s why we make sure the best answer wins — no matter who it’s coming from.
- Operate as an Owner: The entrepreneurial spirit runs strong at Enova. We encourage team members to think big and move fast and use resources like they’re their own
- Accountable for Results: We’re a data-driven company, and we use that data to add value and create results. We set our expectations high and do what we say we are going to do
- Top Talent and Teamwork: Enova is a place for the best and brightest, from all walks of life and parts of the world. We work in small, focused teams that encourage diversity of thought
Company HQ
Chicago Loop, Chicago, IL
Articles
Leadership
David Fisher
(CEO, not founder)Before joining Enova as CEO, they were the CEO of optionsXpress and CFO at Potbelly Sandwich Works, Prism Financial and RBC Mortgage.
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