What are the responsibilities and job description for the VP, Credit Risk Management position at Lending?
ESSENTIAL JOB FUNCTIONS:
- Lead a team of people on credit strategies for managing credit risks to enable real-time lending decisions for thousands of borrowers every month.
- Build sophisticated credit and fraud strategies.
- Leverage multiple complex data sources such as credit bureau information, customer supplied information, and alternative data sources at a large scale.
- Conduct evaluations of alternate data sources and upcoming tech-enabled solutions to drive automation, mitigate first and third-party fraud losses and improve efficiency of Risk processes.
- Build business cases to support evaluation recommendations.
- Communicate credit performance trends and identify underperforming segments.
- Conduct root cause analysis to recommend risk mitigation strategies.
- Consistently provide performance trend insights to the management team to enable swift business decisions.
- Collaborate with internal engineering and operations teams to implement analytical solutions into production.
- Conduct retrospective analysis and implement testing to compare performance on multiple strategies to drive growth.
- Support business verticals in optimizing the funding process through development and implementation of innovative fraud strategies.
- Consistently meet with LendingPoint leaders, credit risk management and other cross-functional stakeholders (such as Finance, Product, Operations, Legal and Compliance) to collaborate on various projects that support the effectiveness of delivering LendingPoint credit offerings to customers.
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.
- 12 years of credit risk management experience; FinTech industry experience preferred.
- 8 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.
