VP of Credit Risk
3 days ago
Description
• Be responsible for the information regarding each of our loanbooks, its accuracy and correct reporting to all stakeholders. • Lead the company's lending operations, ensuring efficiency, accuracy, and compliance with regulatory standards. • Manage and mentor the risk and collections teams, providing guidance and support in credit risk assessment, underwriting decisions, and collection strategies. • Support in the relationship with our debt investors, assuring all data is always accurate and complete for business continuity and covenant compliance. • Develop and implement credit policies, underwriting guidelines, and risk management strategies to optimize lending performance and mitigate risks according to the guidelines in our debt contracts. • Build and maintain relationships with debt funds and other financing partners, negotiating terms and agreements to secure funding for the lending portfolio. • Collaborate with internal stakeholders, including product, technology, and finance teams, to drive innovation and optimize lending processes. • Monitor key performance indicators (KPIs) and portfolio metrics, providing regular reports and insights to senior management and stakeholders. • Develop account-level valuation frameworks to develop credit underwriting policies. • Make data-driven decisions with a particular focus on profitability decision-making. • Lead the Credit Risk team to design, develop, and implement retail credit risk models. • Manage risk appetite through limited calibration and monitoring in accordance with credit committee guidelines. • Manage credit limits, risk-based pricing, retention strategies, over-limit policies, etc. • Adjust risk-return requirements and manage/adjust portfolio returns as new data comes to light. • Support the annual budget, forecast, and planning processes. • Track, communicate, and draw insights from the performance of ongoing initiatives while intensively monitoring all credit KPIs. • Identify operational inefficiencies and manage the implementation of small-scale change within the Credit function.
Requirements
• Strong credit management background and understanding of credit policy governance frameworks and investor relations with debt stakeholders. • A proven track record of managing the risk cycle for credit products like credit cards, unsecured personal loans, business revolving credit lines, etc. • Expertise in credit and behavioral scoring models, especially for consumer credit products. • Strong mathematical/financial background and ability to be comfortable with quant modeling for credit. • Entrepreneurial: We will constantly develop and improve all aspects of the lending business model and product opportunities, which require flexibility and an innovation mindset to hear market needs and adapt to them. • Customer Centricity: You're customer-obsessed, constantly thinking about improving the customer experience. • Hands-on: We’re looking for a leader willing to be a hands-on contributor. You are energized by rolling up your sleeves, making things happen, and enabling your team to do the same. • Done is better than perfect: As things change and move quickly, you are excited by the fast pace and opportunity to learn and help your team learn constantly. • Communication: Excellent ability to communicate internally and externally, quickly build relationships, and work cross-functionally. • Extreme ownership: You hold yourself accountable to a high bar. You are supremely organized and see what needs to happen to achieve goals. • Results & Data Driven: You understand the business metrics you are responsible for and demonstrate these insights to drive constant improvement.
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