Director Consumer Credit Risk


Who We Are Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive suite of innovative products powers financial solutions with a strong focus on regulatory compliance for our partners and their millions of consumers around the world. We are on a mission to build the infrastructure that propels access, inclusion and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 4 consecutive years. The reason for this success is simple --- our nimble, adaptive, and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation in financial services and we invite collaborative and motivated high performers to join our rapidly expanding team. What we’re looking for The Director of Credit Risk will identify, assess, measure, and manage settlement credit risk for MPLs, and Credit Card/BAAS Programs. This person will also be responsible for conducting independent credit risk assessments on third party program managers for bin sponsorships, providing effective challenge to first line teams, and ensuring that significant risks are promptly identified and collateralized. Responsibilities: Monitoring and continued enhancement of the credit risk appetite framework Identify and develop credit risk metrics reporting (e.g., KRIs and KPIs) to continuously monitor and oversee risk of program managers Provide effective challenge to first line through independent reviews of critical credit risk processes Conduct quantitative analysis on risk management data to drive insights and recommendations for first line teams Develop requirements to support next generation risk capabilities Ongoing monitoring of consumer loan originations, bin sponsorship collateral obligations vs settlement exposure Approval of limits and reserve settings Escalate issues and emerging risks in accordance with risk appetite program to line 1 and senior management Participate in client annual reviews from a credit oversight perspective Qualifications: Leadership experience in consumer risk management or a similar role; Consumer credit risk management experience is required Strong business acumen with a risk-reward control perspective; Experience in data-driven analytics, including analyzing structured and unstructured data; Familiarity with applicable consumer regulatory requirements; Demonstrated ability to successfully manage multiple priorities under pressure; Degree in quantitative or a related field Banking as a service (BaaS) bin sponsorship, consumer experience is a + Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need. By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.


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