Job Title:
Director, Credit Risk Management
Reports To:
SVP, Risk Management
FLSA Status:
Exempt
Department:
Risk
JOB SUMMARY:
Responsible for leading the strategy, development, and execution of sophisticated credit and pricing initiatives for consumer and commercial lending portfolios. This role is integral to managing credit losses, enhancing profitability, and shaping the company’s mission to advance financial inclusion and access to responsible credit. Will drive end-to-end engagements, from ideation and advanced analytics to implementation and oversight. Will serve as a strategic thought leader, collaborating with cross-functional teams and influencing key business decisions.
ESSENTIAL JOB FUNCTIONS:
- Strategic Leadership:
- Define and execute the vision for credit and pricing strategies that enable real-time, data-driven lending decisions for thousands of borrowers monthly.
- Lead the development of sophisticated credit and fraud mitigation strategies, leveraging complex data sources including credit bureau data, customer-supplied information, and alternative datasets at scale.
- Oversee the evaluation and adoption of emerging data sources and tech-enabled solutions to drive automation, reduce first- and third-party fraud losses, and improve the efficiency of risk processes.
- Analytical Innovation:
- Build and communicate robust business cases for new risk solutions and data strategies, providing comprehensive evaluations and recommendations.
- Conduct root cause analyses to identify underperforming segments, propose risk mitigation actions, and improve credit performance.
- Design and implement A/B testing and retrospective analyses to evaluate the impact of multiple strategies, driving optimization and growth.
- Cross-Functional Collaboration:
- Partner with designated teams to implement analytical solutions into production and ensure alignment with organizational goals.
- Serve as a key influencer across LendingPoint leadership and cross-functional teams, fostering collaboration to deliver effective and responsible credit offerings.
- Support funding optimization by driving innovation in fraud prevention strategies across business verticals.
- Performance Monitoring and Insights:
- Monitor and report credit performance trends, providing data-driven insights to inform swift business decisions.
- Present findings and strategic recommendations to senior leadership, ensuring alignment with company objectives and risk appetite.
- Additional Responsibilities:
- Act as a mentor and leader to team members, fostering professional growth and ensuring the team remains at the forefront of credit risk management best practices.
- Proactively identify market trends, regulatory changes, and emerging technologies to keep LendingPoint ahead of the competitive curve.
- Lead high-impact projects and initiatives that further LendingPoint’s mission of advancing financial inclusion and accessibility.
MINIMUM QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required.
- Bachelor’s degree in a quantitative or related field (e.g., Mathematics, Data Science, Statistics, Economics, Finance, etc.) from an accredited college or university, preferred.
- MBA degree is a plus.
- 8+ years of credit risk management experience, financial services or FinTech industry experience preferred.
- 6+ years of experience leveraging large, complex datasets for driving business decisions.
- Comprehensive knowledge of consumer credit risk trends and first part and third-party fraud risks.
- Advanced in SQL, Python / R, Tableau, Excel, and PowerPoint.
COMPETENCIES:
- Customer Service: Exceptional attitude and a passion for providing outstanding service to internal customers.
- Attention to Detail: Thoroughness in accomplishing a task through concern for all the areas involved, no matter how small. Monitors and checks work or information and plans and organizes time and resources efficiently.
- Communications: Exhibits good listening and comprehension. Effectively expresses ideas and thoughts in verbal and written form. Keeps others adequately informed. Selects and uses appropriate communication methods. Establish effective working relationships that foster organizational success.
- Analytical Skills: Applies logic and reasoning when investigating a problem.
- Teamwork: Contributes to building a positive team spirit; Exhibits objectivity and openness to others' views.
- Problem Solving: Identifies subject matter experts needed to resolve a problem and collaborates efficiently with experts; Establishes meetings and drives the collaborative discussion; escalates roadblocks expediently.
PHYSICAL DEMANDS
While performing the duties of this job, the employee is regularly required to stand, walk, reach, and sit for a minimum of 8 hours with or without reasonable accommodation. The employee is required to use hands to finger, handle, or feel objects and/or tools. The employee is required to talk or hear with or without reasonable accommodation and must sometimes lift and move up to 10 pounds.
WORK ENVIRONMENT
While performing the logistics duties of this job, the employee is frequently exposed to moderate noises such as computers, printers, and other light traffic noise in an office setting.
This role is in-office. Remote work may be performed from a pre-approved location, as arranged, and scheduled by team management and approved by department leadership.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change or be supplemented at any time with or without notice.
