VP, Credit Risk – Policy

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Accion Opportunity Fund

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 1993

🤝 B2B

💸 Finance

🤝 Non-profit

💰 Grant on 2023-05

B2B • Finance • Non-profit

Accion Opportunity Fund is a non-profit organization dedicated to supporting underserved small business owners with affordable loans, educational resources, and a network of support. With over 25 years of experience, they have invested over $516 million to help small businesses thrive, particularly those facing challenges in accessing traditional financing. Their services include personalized coaching, business courses, and a flexible lending model designed to foster community reinvestment and sustainable growth.

📋 Description

• Oversee the credit approval process, as well as portfolio monitoring systems for all current and future credit products. • Ensure that credit policies are routinely reviewed, modified as necessary, and well-communicated throughout the organization. • Provide ongoing evaluation of existing systems (e.g., alternative data and modeling technologies, including predictive underwriting engines, credit risk management models, anti-money laundering/anti-fraud controls, and fair-lending compliance tools). • When appropriate, evaluation, selection, and implementation of new systems to ensure that all policies and procedures are of the highest integrity and consistency. • Ensure that AOF’s credit policy, models and underwriting process is as effective and predictable as possible – combining algorithms, scorecards and automated criteria with appropriate and thoughtful human and judgmental intervention while maximizing the small business borrower experience. • Maintain ongoing focus and support for AOF’s credit culture for all units that touch any aspect of the credit process in the current small business lending functions, which includes credit policy, risk modeling/scoring, underwriting, and collections. • In the future, lending may be expanded to other verticals, including SBA, consumer and mortgage lending for our target customers. • Ensure that allowance for credit losses using CECL and the charge-off process and procedures are consistent with industry best practices and meet current and anticipated accounting and regulatory guidelines. • Ensure that systems of internal controls and procedures are consistent with the highest standards in the industry and are appropriate for all regulatory requirements. • Ensure that all loan systems and tracking techniques provide the appropriate data to credit risk management, underwriters, management, the Credit Risk Committee and the Board of Directors, to allow for accurate assessment of loan quality and risk management. • Provide overall loan portfolio management analysis and oversight to ensure that AOF’s asset quality meets stated objectives and that the emphasis of AOF’s overall credit policy management and scoring models are consistent with AOF’s underwriting standards. • Support healthy diversification of the loan portfolio by establishing sound credit policies and proper training of underwriters, small business lenders (e.g., future relationship managers), loan managers/processors and credit advisors, enlisting a proactive approach to engaging multiple constituencies in partnership. • Maintain a keen awareness of competitors’ activities, their credit practices, and of overall industry best practices. • Serve as AOF’s liaison and coordinator when necessary to regulators, auditors and other external constituents regarding the organization’s credit management disciplines, loan quality and lending activities. • Maintain knowledge of applicable state and federal lending and compliance laws and regulations and implement appropriate policies, procedures, and controls. • Work with the SVP of Operations to manage loan delinquencies and loan servicing performance and facilitate appropriate strategies and procedures to ensure that delinquencies and defaults are effectively managed and reported to the Credit Risk Committee, ETeam, and the Board. • Effectively manage direct reports by hiring, mentoring, coaching, counseling, training, and disciplining, as appropriate. • Ensure direct reports’ performance reviews are completed in a timely, fair, and accurate manner. • Coordinate comprehensive due diligence of sellers, servicers, and loan assets and/or loan participations prior to purchase to protect AOF and diversify credit and collateral risks in the overall portfolio.

🎯 Requirements

• BS or BA degree in Statistics, Engineering, Mathematics, or finance. • Masters degree a plus. • Minimum of 10 years of combined experience with commercial and consumer credit risk and a minimum of five years leading a small business credit function. • Knowledge of, or experience with other areas of risk management such as compliance, or operational risk. • Ability to manage strategic relationships and provide sound risk management guidance to internal and external business partners. • Thorough knowledge of broader financial services operations and control systems as well as in-depth knowledge of credit and credit operations. • Must be able to deal directly and effectively with outside service providers and other lending institutions/organizations. • Outstanding communications, organizational, and execution skills. • Knowledge of and experience in regulatory compliance, including Fair Lending, BSA/AML and other lending compliance. • Strong knowledge of financial statement analysis and exceptional knowledge of small business credit loans, principles, policies, and practices. • Excellent oral and written communication skills. • Excellent interpersonal, motivational, leadership and team-building skills. • Fully knowledgeable and proficient with Microsoft Suite and in the use of software and quantitative tools and techniques such as application scoring, collection scoring, predictive analysis, modeling, financial forecasting and the risk analytic techniques used to deliver more accurate credit scoring results and portfolio management. • High proficiency in taking initiative, strategic vision, independent thinking, thoroughness, analytical, negotiation and critical thinking skills. • Demonstrated ability to recruit, develop, and retain top talent to the organization to ensure adequate succession planning, capability, and capacity in credit risk management team members.

🏖️ Benefits

• 100% company-funded Medical, Dental, Vision, Life & Disability coverage for employees (Based upon your plan selection). • 90% company-funded dependent coverage (Based upon your plan selection) as well as Flexible Spending Accounts. • Voluntary benefits with payroll deduction for Supplemental Life & AD&D insurance and legal plans. • Tax deferred & Roth 403(b) Retirement Plan with employer match. • Unlimited paid vacation days, 12 paid holidays, 1 floating paid holiday, 10 Sick days, and paid parental leave.