Credit Risk Director

Job not on LinkedIn

October 31

🏄 California – Remote

Although this job is listed in California, this company may be open to hiring remote in other states.

🗽 New York – Remote

Although this job is listed in New York, this company may be open to hiring remote in other states.

+4 more states

🏄 California – Remote 🗽 New York – Remote 🌲 North Carolina – Remote 🤠 Texas – Remote ⛷️ Utah – Remote ☕ Washington – Remote

💵 $140k - $190k / year

⏰ Full Time

🔴 Lead

👔 Director

🦅 H1B Visa Sponsor

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Varo Bank

WebsiteLinkedInAll Job Openings

Banking • Finance • Fintech

Varo Bank is a forward-thinking financial institution offering innovative banking solutions for a modern financial lifestyle. With no hidden fees, Varo provides easy access to money management, savings with high APY, credit-building services, and flexible cash advance options. Customers can benefit from early access to their pay, automatic cashbacks, and utilities like savings calculators and auto-savings tools. Varo's products include an online bank account, high-yield savings account, a credit-builder card, and personal line of credit. The bank emphasizes financial empowerment with transparency and customer-centric services, backed by FDIC insurance for security and peace of mind.

501 - 1000 employees

Founded 2015

🏦 Banking

💸 Finance

💳 Fintech

📋 Description

• Work in our 2nd line of defense credit risk management team • Independently evaluate and challenge credit strategies, by understanding the impact of any change on profitability through advanced credit analytics • Review the usage of advanced machine learning models developed by data scientists in credit decisions, in order to ensure profitable outcomes • Ensure credit extension decisions aligns with Varo’s Risk Appetite Framework • Manage Credit Key Risk Indicators; perform analysis to enhance and evolve credit KRIs, ensuring metrics align with Varo’s Business Objectives and Risk Appetite • Build and maintain monitoring dashboards; Perform portfolio analysis and generate actionable insights • Spot emerging credit risk by developing and maintaining credit monitoring reports with a view on internal and external leading indicators and share analytic insights with key stakeholders • Evaluate new alternative data and determine how best to utilize them • Manage credit-related policies and ensure they are properly being applied in our lending products

🎯 Requirements

• 6+ years of experience in consumer credit risk management or credit strategy, preferably at a fintech or major financial institution • Deep understanding of the consumer credit lifecycle and how Credit Risk Management principles are applied in consumer lending • Advanced expertise in data analysis and manipulation using SQL or Python • Experience with advanced statistical techniques and a solid understanding of relational databases • Excellent verbal and written communication skills with strong attention to detail • Experience in using models (developed by data scientists) to improve business decisions • Strong ability to independently identify and solve problems in a fast-paced environment • Education: Bachelor's or Master's in a quantitative field like Computer Science, Economics, Math, Statistics, or Engineering • Familiarity with business intelligence tools like Tableau or similar • Experience with machine learning models in a credit risk context is a plus • Experience at a high-growth fintech or tech startup is a plus

🏖️ Benefits

• This role is also eligible for a bonus • equity • competitive benefits.