Senior Associate, Business Lending

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

📋 Description

• Take charge of the credit policy for business lending products, starting with a business credit card, overseeing adjudication through the complete account lifecycle.

• Develop and implement the underwriting framework that establishes eligibility and credit limits.

• Create management strategies regarding credit limit adjustments, pricing, authorization rules, and active exposure management.

• Collaborate with collections to formulate risk-managed treatment strategies for business accounts.

• Establish lifecycle monitoring to detect emerging risks early on.

• Assess portfolio and policy performance utilizing vintage analysis, cohort tracking, and champion/challenger testing.

• Suggest policy improvements to enhance marginal profitability while maintaining risk within acceptable levels.

• Define the data and underwriting infrastructure for SMB lending, which includes sourcing, validating, and weighing business financial data alongside bureau signals.

• Work in tandem with Engineering, Product, Data Science, Fraud, and Client Experience teams to convert policy into deployable adjudication and monitoring systems.

• Shape the roadmaps of partner teams and execute policy with measurable outcomes.

• Assist in building a new lending program from the ground up, from policy formulation to funding, with the potential to lead a lending line of business.

⛳️ Requirements

• Direct experience in underwriting or establishing credit policy for small and medium-sized businesses (mandatory).

• Practical SQL experience for self-service data access, monitoring, and analytics.

• Capability to shape policy within a ship-and-iterate environment.

• Proficiency in transforming analysis into clear recommendations for both technical and non-technical stakeholders.

• Ability to evaluate incomplete or noisy information and make well-informed decisions.

• Over 5 years of experience in small business lending (preferred qualification).

• Familiarity with Canadian consumer credit bureau data, including Equifax and TransUnion (preferred qualification).

• Working knowledge of business credit risk, encompassing entity versus personal guarantor assessment, business bureau data, cash-flow-based underwriting, industry/sector risk, and revenue seasonality.

• Experience throughout the credit lifecycle: adjudication policy, line management, pricing, and collections strategy.

• Proficiency in statistical and quantitative analysis, including experimental design, champion/challenger or A/B testing, model accuracy validation, constrained optimization, decision trees, discounted cash flows, and financial modeling.

• Experience with Python and GitHub.

• Familiarity with Airflow, AWS Redshift, and dbt is a plus.

• Legal eligibility to work in Canada.

🏝️ Benefits

• Comprehensive health benefits and life insurance.

• Long-term group savings plan with employer matching, facilitated through Wealthsimple for Business.

• 20 vacation days.

• 4 wellness days.

• Unlimited sick and mental health days each year (may not apply to certain roles).

• Opportunity to work outside Canada for up to 90 days each year (may not apply to certain roles).

• Access to employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS.

• Equity compensation for permanent employees.