Director, Credit Risk Oversight Consumer Lending (2nd Line of Defense)
Job Location:
Wilmington, DE - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Best Egg now part of Barclays is a market-leading tech-enabled financial platform helping people build financial confidence through innovative lending solutions and financial health tools. As a Barclays company we combine the agility and customer focus of a fintech with the global reach stability and purpose of a leading financial institutionworking together to create a better financial future for our customers and communities.
At Best Egg youll find a culture grounded in our core valuesputting people first creating clarity delivering with excellence enhanced by Barclays commitment to integrity inclusion and long-term impact. Together we empower our colleagues to challenge innovate and take ownership while making a meaningful difference in peoples financial lives.
With the strength of Barclays behind us we offer expanded opportunities for growth development and career mobility across a global organizationwhile continuing to build the products and experiences that make Best Egg unique.
Were looking for collaborative curious problem-solvers who are excited to make an impact and grow with us.
Were proud to be an equal opportunity employer committed to building a diverse and inclusive team.
About the Role
We are seeking an experienced Director of Credit Risk Oversight to join our Second Line of Defense (2LOD) supporting unsecured and secured personal loan products. This role will provide independent oversight governance and credible challenge across credit underwriting pricing loan amount portfolio performance credit policy governance and risk appetite.
This individual will play a critical role in ensuring that credit strategy and growth initiatives are aligned with the companys risk appetite regulatory expectations and sound risk management practices.
Key Responsibilities:
Credit Risk Oversight & Governance
- Provide independent 2LOD oversight and challenge of credit underwriting loan amount/credit exposure pricing and portfolio performance strategies
- Ensure effective governance frameworks are in place for credit decisioning strategy changes documentation and reporting
Portfolio Monitoring & Risk Analytics
- Monitor portfolio performance across originations vintages and customer segments
- Identify emerging risks evolving trends and portfolio concentration opportunities
- Evaluate impacts of strategy changes on approval rates credit quality and profitability
Marketing & Growth Strategy Oversight
- Understanding of marketing and growth strategies impacts to ensure alignment with credit risk appetite and portfolio objectives
- Review expansion strategies (e.g. new segments channels or products) for risk implications
Regulatory & Compliance Oversight
- Ensure adherence to applicable consumer lending and fair lending regulations (e.g. ECOA/Reg B FCRA UDAAP etc.)
- Provide effective challenge on fair lending risk model bias and disparate impact considerations
- Support regulatory exams internal audits and issue remediation
Risk Reporting & Governance
- Develop and maintain credit risk reporting insights and dashboards
- Escalate material risks control gaps or model concerns in a timely manner
Change Management & Innovation
- Provide oversight of new credit strategies model deployments and product launches
- Ensure appropriate risk assessment and governance for FinTech-driven innovations (e.g. alternative data AI/ML models)
- Support ongoing enhancement of credit risk frameworks and controls
Qualifications:
Required Experience
- 10 years of experience in credit risk management underwriting or portfolio risk within consumer lending
- Direct experience managing or overseeing first or second line of defense credit risk functions required
- Experience in2LOD model risk validation or audit or strong exposure to independent oversight functions
- Deep understanding of credit risk models and decision strategies
- Proven experience analyzing portfolio performance and credit trends
Preferred Experience
- Experience in a FinTech and/or regulated banking environment
- Exposure to digital lending alternative data or advanced analytics/ML models
Regulatory Knowledge
- Strong knowledge of consumer lending regulations including:
- ECOA / Regulation B (fair lending)
- FCRA
- UDAAP
- Experience in addressing fair lending and model governance risks preferred
Skills & Competencies
- Strong risk and control mindset with ability to provide independent credible challenge
- Advanced analytical and quantitative skills
- Ability to connect credit strategy decisions to portfolio outcomes and risk appetite
- Excellent communication and stakeholder management
- Ability to operate effectively in a fast-paced data-driven FinTech environment
- Willingness to adapt to a fast-paced environment and adjust priorities accordingly
Required Experience:
Director
About Company
Get low-interest personal loans quickly with Best Egg. Apply online in minutes & receive funds fast. Start your journey to financial stability now!
