Director of Partner Credit Risk Management – Oversight

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee, develop, and lead a team of Partner Credit Risk Managers tasked with managing partner credit programs.

• Create and sustain a thorough second line oversight framework for all BaaS partner credit initiatives.

• Propose and enforce credit risk policies and risk appetite across partner credit programs.

• Assess and endorse (or recommend to Leadership) partner credit models, underwriting strategies, and program frameworks.

• Track portfolio performance among partners, pinpointing trends, concentrations, emerging risks, and corrective action plans.

• Direct the creation of early warning indicators and portfolio stress tests.

• Collaborate with fintech partners, program managers, and internal teams to ensure alignment with risk expectations.

• Ensure adherence to regulatory standards concerning third-party risk (e.g., FDIC, Federal Reserve guidance).

• Assist in the due diligence and onboarding process of new BaaS partners, including performing credit evaluations.

• Provide robust challenges to partner assumptions, models, and performance projections.

• Design and implement controls for managing counterparty credit risk, including continuous partner monitoring.

• Lead the assessment of the financial strength and stability of BaaS partners. Review financial statements, cash flows, liquidity, capital adequacy, and funding structures.

• Set counterparty risk ratings, exposure limits, and ongoing monitoring criteria.

• Identify and escalate risks associated with partner sustainability, operational dependencies, and market conditions.

⛳️ Requirements

• 12+ years of experience in credit risk, lending, or risk management within a banking or financial services environment.

• 5+ years of experience in a second line of defense or oversight role.

• Proven leadership experience in managing teams and facilitating cross-functional collaboration.

• Demonstrated experience in working with fintech partners and BaaS platforms.

• Strong background in consumer and small business lending portfolios.

• Proven expertise in assessing counterparty risk, including financial statement analysis.

• Comprehensive understanding of credit risk frameworks, underwriting, portfolio management, and risk governance.

• Strong analytical skills with the ability to convert data into actionable insights.

• Excellent communication skills with the capability to influence senior stakeholders.

• Willingness to travel.

🏝️ Benefits

• 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.