Head of Credit & Fraud

Job not on LinkedIn

🔥 2 minutes ago

🇺🇸 United States – Remote

💵 $220k - $260k / year

⏰ Full Time

🔴 Lead

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Happy Money

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2009

💸 Finance

💳 Fintech

Finance • Fintech

Happy Money is a company that offers personal loans with the goal of promoting financial happiness and well-being. They provide loans ranging from $5,000 to $40,000 at competitive rates starting from 8. 95% APR. Happy Money collaborates with community-focused lending partners to offer a transparent and simple lending process designed to help individuals pay off credit card debt and achieve personal financial goals. Checking your rate is free and doesn’t affect your credit score. Their services are aimed at fostering a debt-free lifestyle and improving members' financial confidence and credit scores.

📋 Description

• Own credit and fraud strategy and policy across the customer lifecycle, from acquisition and underwriting through account management • Set credit risk appetite and translate it into credit policy, approval criteria and loss targets • Balance loss rates, approval rates and conversion to grow profitably • Lead growth initiatives and a disciplined test-and-learn agenda with clear success metrics • Own credit performance monitoring, vintage analysis, early-warning indicators, loss forecasting and model governance partnerships • Identify emerging credit and fraud risks and implement timely policy and control changes • Ensure policies meet regulatory, fair lending and partner requirements with Legal & Compliance • Recruit, develop and lead credit, fraud and strategy professionals • Build the mix of in-house talent, third-party partners and automation tools, including AI • Establish operating rhythms including credit committee materials, portfolio reviews, knowledge bases and leadership updates • Partner with executive leadership on company strategy, planning, growth targets and risk appetite • Present performance, forecasts, risks and recommendations to executives, the Board and capital partners • Collaborate with Pricing, Data Science, Data Strategy, Product, Engineering, Marketing, Operations, Capital Markets, Finance and Legal & Compliance • Own the function’s analytics workflow, metrics, dashboards and reports • Serve as senior credit contact for credit unions, banks and institutional investors • Lead credit-related partner and investor due diligence, audits, reviews, forward flow, loan sale and financing discussions

🎯 Requirements

• College degree in a quantitative discipline such as Economics, Finance, Engineering, Math, Statistics, Business, Science or Computer Science (or equivalent experience) • 12+ years of experience in financial services • 8+ years of credit risk experience, including direct ownership of credit strategy or credit policy decisions for a consumer lending portfolio • Experience owning or partnering closely on fraud risk strategy and controls • Proven track record of building, leading and developing high-performing teams, including remote, multidisciplinary teams • Demonstrated experience building trust across cross-functional teams and cultivating productive feedback • Experience presenting substantiating data-driven strategic decisions to C-suite executives, boards and external partners or investors • Direct experience working with capital partners, bank partners, lenders or investors on credit performance, due diligence or credit program design • Track record of working across Product, Engineering, Data Science and Operations to build and scale credit and fraud decisioning processes and systems • Working knowledge of consumer lending regulation, including fair lending (ECOA / Regulation B), FCRA and model risk management • Highly data driven, with technical fluency to challenge models, analyses and dashboards directly • Experience balancing individual contributions with people-management needs • Preferred: fintech or smaller financial services experience; unsecured consumer lending; bank or credit union partnership models, forward flow or loan sale programs; credit policy writing for new product launches; managing a consumer lending portfolio through a credit downturn; advanced degree

🏖️ Benefits

• Generous medical, dental, and vision insurance options • Eligible for Annual Bonus • Eligible for Long-term Incentive Program • 401k Plan with a matching contribution • Generous PTO including sick leave, vacation, volunteer, and more • 12 Weeks Paid Parental Leave • Company-paid short & long term disability and life insurance • Monthly tech stipend to help cover expenses for remote work • 100% fully distributed workforce