Senior Manager, Whole Loan Trading – First-Line Model Governance

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

📋 Description

• Take full ownership of the Whole Loan Trading and First-Line Model Governance function, reporting directly to the Head of Secured Lending.

• Supervise a dedicated team of asset quality analysts across home equity lines of credit, and both auto direct and auto indirect dealer channels.

• Establish review methodologies, operational rhythms, reporting standards, and escalation procedures.

• Assess portfolio-level salability risks, including adherence to eligibility, defect patterns, collateral documentation quality, and concentrations of exceptions.

• Raise concerns regarding repurchase and put-back risks with Capital Markets and banking partners.

• Track asset quality and performance metrics, including early payment defaults, delinquency rates, loss severity, prepayment trends, non-performing loans, exception patterns, and threshold breaches.

• Analyze the quality of origination and channels, collateral documentation, lien perfection, pricing consistency, dealer or partner performance, concentration risks, and fair lending exposure.

• Manage first-line model implementation and performance oversight, which includes production monitoring, threshold tracking, version control, use-case boundaries, updates to model inventory, and assessing change impacts.

• Identify root causes of issues, define remediation strategies, monitor issue resolution, and escalate risks prior to impacting loan sales, partner commitments, or regulatory compliance.

• Collaborate with teams across Credit Risk, Capital Markets, Model Risk Management, Product, Engineering, Compliance, Legal, Operations, and banking partners.

⛳️ Requirements

• Minimum of 8 years of experience in business-line credit risk, loan quality, asset-backed or secured lending operations, or first-line model governance related to secured or asset-backed consumer lending products.

• Proven experience with loan-level quality reviews, oversight of loan salability, Capital Markets or investor deliveries, managing repurchase or put-back risks, conducting bank partner audits, collateral documentation reviews, or pre-sale quality control in a regulated lending setting.

• Demonstrated capability in monitoring portfolio performance and asset quality indicators across various origination channels.

• Experience with first-line model oversight, production model monitoring, governance of model implementation, documentation of model inventory, or processes for escalating model performance issues.

• Background in collaborating with Capital Markets, investors, bank partners, or funding teams to assess loan eligibility, address delivery exceptions, interpret investor requirements, and mitigate exposure to repurchase, put-back, or make-whole scenarios.

• Experience in leading teams of analysts, managing a review function, or overseeing cross-functional programs related to loan salability, asset quality, credit, or first-line model governance.

• Preferred: familiarity with the dynamics of auto indirect or dealer channel lending and considerations for fair lending.

• Preferred: understanding of secured lending and expectations for secondary-market quality.

• Preferred: knowledge of consumer lending and fair lending regulations, including ECOA/Regulation B, UDAAP, FCRA, TILA/Regulation Z, oversight of dealer markups, adverse actions, or credit decision controls.

• Preferred: capability to assess production model execution, validation outputs, fair lending review outcomes, underwriting accuracy, pricing consistency, and performance trends.

• Preferred: skill in producing exam-ready policy documents, governance materials, tracking issues, executive summaries, and reporting for bank partners.

• Preferred: risk or compliance certifications such as Certified Regulatory Compliance Manager or Financial Risk Manager.

🏝️ Benefits

• Competitive compensation package, including bonus opportunities and annual equity grants that vest quarterly.

• 401(k) or Group Retirement Savings Plan featuring a company match of $2 for every $1 contributed, capped at $15,000 annually.

• Employee Stock Purchase Plan (ESPP) offering discounted stock purchase options for eligible US employees.

• Comprehensive medical, dental, vision, and wellness resources for US employees; supplemental health coverage available for Canada.

• Contributions to Health Savings Accounts for eligible US plans.

• Life insurance and disability coverage provisions.

• Paid time off, sick leave, and standard company holidays.

• Paid family and parental leave benefits.

• Family-oriented benefits for fertility, parenthood, and caregiving.

• Employee Assistance Program providing mental health support and life-centered resources.

• Financial planning tools and concierge services for US employees.

• Annual wellness allowance to promote health and well-being.

• Annual productivity allowance for relevant work tools and resources.

• Opportunities for team events, all-company updates, and participation in employee resource groups.

• Catered lunches and well-stocked micro-kitchens at office locations.