Chief Credit Officer

🕒 June 24

🇺🇸 United States – Remote

💵 $210k - $263k / year

⏰ Full Time

🔴 Lead

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Figure

WebsiteLinkedInAll Job Openings

501 - 1000 employees

💸 Finance

💳 Fintech

🏦 Banking

Finance • Fintech • Banking

Figure is transforming the trillion-dollar financial services industry using blockchain technology. Founded in 2018 by technology entrepreneur Mike Cagney, Figure has established itself as a groundbreaking player in the fintech space with a focus on home equity products, consumer lending, and asset management. Leveraging the Provenance Blockchain, Figure delivers innovative solutions for loan origination, equity management, and financial transactions, aiming to provide speed, efficiency, and savings for both consumers and institutions. It stands out as one of the few unicorns in the financial technology sector.

📋 Description

• Lead an organization of credit professionals directly accountable for managing risk across a diverse lending portfolio, including Home Equity products. • Set enterprise-wide credit risk strategy across originations, pricing, portfolio management, and collections to drive the best outcomes for the lender and investor. • Chair the Credit Committee and engage directly with the CEO and Board of Directors on all credit-related matters. • Develop and iterate on proprietary loan products, leading risk analysis and consumer iterations to find perfect product/market fit. • Drive automation efforts to compress the funnel from application to final approval, utilizing technology to remove legacy industry inefficiencies. • Act as the primary liaison to regulatory bodies such as the OCC, FRB, and FDIC, ensuring all credit risk matters align with evolving supervisory expectations. • Oversee loss forecasting, financial modeling, and stress testing (CCAR) methodologies to provide senior management with thoughtful analysis of key credit drivers. • Build and manage relationships with investors, managing pricing, hedging, and warehouse functions.

🎯 Requirements

• 15–20+ years of experience in credit risk management and portfolio oversight. • Extensive background in Mortgage and Home Equity credit risk, including LTV/CLTV management and valuation models. • Proven success working outside of a "Big Bank" environment for a portion of your career, thriving in agile, high-growth, or startup settings. • Demonstrated ability to develop a systematic secondary marketing group and manage primary/secondary market inefficiencies. • Advanced understanding of loss forecasting and the conceptualization of investment logic to automate credit decisioning. • Proven track record of managing remediation efforts and maintaining strong relationships with federal regulatory agencies. • Adhere to all company security policies and data handling procedures. • Complete mandatory security awareness training within required timeframes. • Promptly report any suspected security incidents or suspicious activity to the Security team.

🏖️ Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans • Company HSA, FSA, Dependent Care, 401k, and commuter benefits • Employer-funded life and disability insurance coverage • 11 Observed Holidays & PTO plan • Up to 12 weeks paid family leave • Continuing education reimbursement