Opportunity Fund is excited to welcome Michael Rapaport as Senior Vice President of Risk and Operations. Michael brings 28 years of experience in lending, credit, and financial service operations to Opportunity Fund, as well as expertise in Big Data analytics to drive business performance. Throughout his career, Michael has been a committed advocate of consumer financial education and responsible lending, which guided his transition to the non-profit sector and, specifically, to Opportunity Fund.
“I am passionate about providing fair and transparent lending products to entrepreneurs who are looking to establish credit or escape high interest debt, as well as helping educate people on the importance of financial literacy. This passion has defined the organizations where I have chosen to work and ultimately led me to Opportunity Fund. I strongly believe in Opportunity Fund’s mission and deeply respect our CEO Luz Urrutia. I am eager to build out Opportunity Fund’s risk and operations potential, so that we can better serve more underbanked clients,” said Michael.
Michael joins Opportunity Fund’s leadership as we aim to scale our reach in California and across the U.S., working towards a strategic plan to invest $500 million to drive economic mobility for 50,000 underserved entrepreneurs, students, and working families by 2020. Senior Vice President of Risk and Operations is a new position on the management team, focusing on risk and operations in our Small Business department as a key driver in Opportunity Fund’s goals for scalability and impact.
“We are incredibly fortunate to have Michael join Opportunity Fund as we grow the organization towards meeting the big goals laid out in our strategic plan. Michael has a truly special set of skills and combination of experiences that align with our goals as an organization and for developing our risk and operations capacity,” said Executive Vice President of Lending Marco Lucioni.
“I know how deeply Michael cares about Opportunity Fund’s mission and the clients we serve. With Michael on our team, we are going to invest in revamping systems, processes, and a data-driven culture that will carry Opportunity Fund into our next chapter,” said CEO Luz Urrutia.
Michael spent the first 14 years of his career at Fair, Isaac and Company where he developed some of the first FICO Credit Scores and subsequently managed the FICO Score business unit for North America. At FICO, Michael became an advocate for consumer credit education and helped lead the company’s effort to release and explain credit scores to consumers via the www.myfico.com website.
Michael then joined the leadership team at Providian Financial as Executive Vice President of Marketing Services where he managed database marketing, analytics and marketing operations and helped engineer a major turnaround of the business before selling it to Washington Mutual. After a few years at Visa, Michael spent 6 years at Oportun, first as Vice President of Service and Operations, and then as the head of Enterprise Data and Analytics. At Oportun, Michael became an advocate for the underbanked Hispanic customer and using data and analytics to help bolster the company’s ability to lend to consumers with limited to no credit. Michael was most recently at BorrowersFirst, Inc, an online consumer lending platform, as both Chief Revenue Officer and Chief Risk Officer.
Michael also serves on the Board of Directors of Congregation Beth Sholom in San Francisco and as a member of the Loan Policy and Marketing Committees at the Hebrew Free Loan Association in San Francisco. Michael has a degree in Mathematical and Computational Sciences from Stanford University.