FinMkt is a fast-growing, New York-based financial technology company providing financial marketplace technology solutions to consumers, merchants/retailers, banks, and alternative finance companies. Our industry-leading Gateway platform connects customer loan offer requests to relevant third-party loan offers in real-time. We have deep integrations with some of the world's largest tech-enabled lenders who use our marketplace platform to present loan offers and also to monetize declined applications. From a cultural perspective, we believe that a team's shared values are critical to success and are proud of our beliefs which center around: honesty, integrity, passion, teamwork, and loyalty.If those values describe you (and you have permanently removed the words “impossible” and “can't” from your vocabulary), then FinMkt is the place for you!
The Role:
We are seeking a highly skilled and experienced Senior Consumer Credit Manager to join our dynamic team in the personal unsecured point-of-sale lending space. This role will be critical in developing credit policies, managing the credit risk associated with the unsecured loan portfolio, and driving the development of policies and strategies to optimize profitability while maintaining appropriate risk levels. The ideal candidate will have a deep understanding of credit risk assessment, credit risk model formulation, testing and maintenance, regulatory requirements, and the ability to analyze complex financial data to make informed decisions regarding consumer credit policies.
Responsibilities:
Oversee the management and mitigation of credit risk across the unsecured personal loan portfolio.Develop and implement robust credit risk strategies, including risk appetite frameworks, credit scoring models, and risk mitigation policies.Regularly assess the credit quality of the loan portfolio and ensure alignment with business goals, regulatory standards, and industry best practices.Lead the monitoring, analysis, and reporting of credit performance and risk metrics to senior management.Monitor loan performance, delinquency, charge-offs, and other key risk indicators on an ongoing basis.Develop and maintain comprehensive reports and dashboards to present portfolio trends and performance to senior leadership.Conduct stress testing and scenario analysis to identify potential vulnerabilities in the unsecured loan portfolio.Provide input to credit portfolio performance models including appropriate default and prepayment curve assumptions and drivers.Credit Risk Assessment & Decisioning:
Lead the credit underwriting process for personal unsecured loans, ensuring that all credit decisions are in line with the company's risk appetite and business objectives.Identify third-party data providers that can provide data to inform our credit model for use in real-time decisioning.Collaborate with data science and analytics teams to create and refine credit scoring models and enhance decisioning processes.Make recommendations for credit limit adjustments, loan modifications, or interventions for high-risk accounts.Policy & Process Development:
Design and implement credit risk policies and procedures that support business growth while minimizing credit losses.Stay up-to-date with evolving regulatory requirements and industry trends, ensuring the business remains compliant with relevant laws and regulations.Work closely with legal, compliance, and operations teams to ensure the effective application of credit risk strategies and practices.Stakeholder Engagement & Collaboration:
Collaborate with key business units, including product management, collections, and customer service, to develop strategies that balance risk and growth.Present credit risk findings and recommendations to senior leadership and other relevant stakeholders.Engage with external partners, including credit bureaus and data providers, to improve risk assessment capabilities.Provide guidance and mentorship to junior members of the credit and risk team, fostering a culture of continuous improvement.Lead initiatives for team training and development to ensure the department is equipped with the latest tools and knowledge.Qualifications:
Education:
Bachelor's degree in Finance, Economics, Business Administration, or related field (MBA or relevant advanced degree is a plus).
Experience:
Minimum of 5 years of experience in credit risk management, with a focus on point-of-sale lending (ideally in the home improvement vertical), unsecured personal loans, or similar financial products.In-depth knowledge of credit risk assessment, portfolio management, and relevant regulatory frameworks (e.g., Fair Lending, Dodd-Frank Act, etc.).Proven track record of leading risk management strategies, reducing loan losses, and driving profitable growth.Strong experience with credit scoring models, data analytics, and risk management tools.Skills:
Strong analytical skills and the ability to interpret complex financial data.Advanced proficiency in data analysis tools (e.g., SAS, SQL, Python), and MS Office.Exceptional communication and presentation skills, with the ability to explain complex risk concepts to non-technical stakeholders.Leadership skills with experience in managing teams and driving cross-functional initiatives.Proficiency in MSFT Excel understanding risk and portfolio modeling.Strong problem-solving and critical thinking abilities.Ability to manage multiple tasks and priorities in a fast-paced environment.Strong attention to detail and commitment to accuracy.Results-oriented, with a focus on achieving business goals while managing risk.Location:FinMkt is headquartered in NY, New York. Remote candidates welcome.This role offers a fantastic opportunity for a seasoned credit professional to make a meaningful impact on the growth and success of our cutting-edge platform and unsecured point-of-sale loan portfolio. If you have a passion for risk management and a proven track record in the credit space, we would love to hear from you. Apply today!FinMkt is an equal opportunity employer and will not discriminate against any employee or applicant on the basis of age, color, disability, gender, national origin, race, religion, sexual orientation, veteran status, or any classification protected by federal, state, or local law.
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