coastal - Director of Partner Credit Risk Management & Oversight
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Requirements
• 12+ years of experience in credit risk, lending, or risk management within a bank or financial institution • 5+ years of experience in a second line of defense or oversight function • Proven leadership experience managing teams and cross-functional collaboration • Demonstrated experience working with fintech partners and BaaS platforms • Strong experience with consumer and small business lending portfolios • Proven expertise in counterparty risk assessment, including financial statement analysis • Deep understanding of credit risk frameworks, underwriting, portfolio management, and risk governance • Strong analytical skills with ability to translate data into actionable insights • Excellent communication skills with ability to influence senior stakeholders • Ability to Travel • Bachelor’s degree in finance, Accounting, Economics, Business Administration, or a related field. • Advanced degree (MBA, MS, or similar) preferred • Experience in BaaS, fintech partnerships, or embedded finance models • Familiarity with credit models, stress testing, and data analytics tools • Experience interfacing with regulators on BaaS or fintech-related examinations • Ability to balance innovation and growth with strong risk discipline • HOW YOU’LL THRIVE AT COASTAL • Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development. • Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference. • Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust. • Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box. • Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder. • Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence. • BEING YOU AT COASTAL
Responsibilities
• Lead, develop, and manage a team of Partner Credit Risk Managers responsible for oversight of partner credit programs • Establish and maintain a comprehensive second line oversight framework for all BaaS partner credit programs • Recommend and enforce credit risk policies, and risk appetite across partner credit programs • Evaluate and approve (or recommend to Leadership) partner credit models, underwriting strategies, and program structures • Monitor portfolio performance across partners, identifying trends, concentrations, emerging risks and action plans • Guide development of early warning indicators and portfolio stress scenarios • Collaborate with fintech partners, program managers, and internal stakeholders to ensure alignment with risk expectations • Ensure compliance with regulatory expectations related to third-party risk (e.g., FDIC, Federal Reserve guidance) • Support due diligence and onboarding of new BaaS partners, including credit assessments • Provide credible challenge to partner assumptions, models, and performance forecasts • Design and implement controls for counterparty credit risk management, including ongoing partner monitoring • Lead the evaluation of financial strength and stability of BaaS partners. Analyze financial statements, cash flow, liquidity, capital adequacy, and funding models • Establish counterparty risk ratings, exposure limits, and ongoing monitoring standards • Identify and escalate risks related to partner sustainability, operational dependency, and market conditions.
Benefits
• We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include: • Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle. • Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions. • Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs. • Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly. • Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents. • Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury. • Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most. • 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future. • Paid Time Off: Generous vacation and sick leave policies to support your time away from work. • Holidays: Enjoy 11 paid holidays throughout the year. • Check out our benefits on our careers site https://jobs.ashbyhq.com/coastal!! • PHYSICAL DEMANDS • The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • While performing the duties of this job, the employee must be able to: • Sit for extended periods of time. • Stand for extended periods of time. • Perform repetitive finger, hand, and arm movement. • Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc. • View and read computer screens for extended periods. • Occasionally stoop, kneel, crouch, or crawl. • Occasionally lift or move up to 10 pounds.
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