Best Egg - Director, Credit Risk Oversight - Consumer Lending (2nd Line of Defense)
Requirements
• 10+ years of experience in credit risk management, underwriting, or portfolio risk within consumer lending • Experience in 2LOD, model risk, validation, or audit, or strong exposure to independent oversight functions • Deep understanding of credit risk models and decision strategies • Proven experience analyzing portfolio performance and credit trends • Experience in a FinTech and/or regulated banking environment • Exposure to digital lending, alternative data, or advanced analytics/ML models • Regulatory Knowledge • Strong knowledge of consumer lending regulations, including: • ECOA / Regulation B (fair lending) • Experience in addressing fair lending and model governance risks preferred • Strong risk and control mindset with ability to provide independent, credible challenge • Advanced analytical and quantitative skills • Ability to connect credit strategy decisions to portfolio outcomes and risk appetite • Excellent communication and stakeholder management • Ability to operate effectively in a fast-paced, data-driven FinTech environment • Willingness to adapt to a fast-paced environment and adjust priorities accordingly • $110,000 - $130,000 a year • This position is also eligible for an annual incentive bonus based on individual and company performance. Yearly incentive bonus target 35% of base salary.
Responsibilities
• Credit Risk Oversight & Governance • Provide independent 2LOD oversight and challenge of credit underwriting, loan amount/credit exposure, pricing, and portfolio performance strategies • Ensure effective governance frameworks are in place for credit decisioning, strategy changes, documentation, and reporting • Portfolio Monitoring & Risk Analytics • Monitor portfolio performance across originations, vintages, and customer segments • Identify emerging risks, evolving trends, and portfolio concentration opportunities • Evaluate impacts of strategy changes on approval rates, credit quality, and profitability • Marketing & Growth Strategy Oversight • Understanding of marketing and growth strategies impacts to ensure alignment with credit risk appetite and portfolio objectives • Review expansion strategies (e.g., new segments, channels, or products) for risk implications • Regulatory & Compliance Oversight • Ensure adherence to applicable consumer lending and fair lending regulations (e.g., ECOA/Reg B, FCRA, UDAAP, etc.) • Provide effective challenge on fair lending risk, model bias, and disparate impact considerations • Support regulatory exams, internal audits, and issue remediation • Risk Reporting & Governance • Develop and maintain credit risk reporting, insights, and dashboards • Escalate material risks, control gaps, or model concerns in a timely manner • Change Management & Innovation • Provide oversight of new credit strategies, model deployments, and product launches • Ensure appropriate risk assessment and governance for FinTech-driven innovations (e.g., alternative data, AI/ML models) • Support ongoing enhancement of credit risk frameworks and controls
Benefits
• Best Egg offers many additional benefits for our employees, including (but not limited to): • · Pre-tax and post-tax retirement savings plans with a competitive company matching • · Generous paid time-off plans including vacation, personal/sick time, paid short-- • term and long-term disability leaves, paid parental leave, and paid company • · Multiple health care plans to choose from, including dental and vision options • · Flexible Spending Plans for Health Care, Dependent Care, and Health • Reimbursement Accounts • · Company-paid benefits such as life insurance, wellness platforms, employee • assistance programs, and Health Advocate programs • · Other great discounted benefits include identity theft protection, pet insurance, • fitness center reimbursements, and many more! • In compliance with the CCPA, Best Egg is fully committed to handling the personal information and data of employees and job applications responsibly with respect and due care. Review our CCPA Employee Policy here
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