Director, Credit Risk Oversight Consumer Lending (2nd Line of Defense)
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Job Location:
Wilmington, DE - USA
Monthly Salary:
Not Disclosed
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
Best Egg is a market-leading tech-enabled financial platform helping people build financial confidence through a variety of installment lending solutions and financial health tools. We aim to help customers make smart financial decisions and stay on track so they can be money confident no matter what life throws at them.
We offer top-tier benefits and growth opportunities in a culture built on our core values:
Put People First We foster an inclusive flexible and fun workplace.
Create Clarity Open communication drives trust and results.
Get Things Done We focus prioritize and deliver with excellence.
Deliver with Heart We lead with kindness humility and strong teamwork.
Listen to Our Customers Their needs drive our innovation.
Barclays has entered into an agreement to acquire Best Egg withclosing expected to take placein Q2 2026. This acquisition will give us the resources and capital to continue on our mission and drive our strategy forward. With an aligned culture lower cost of funds and increased employee growth opportunities across a global brand we are excited about the future of the Best Egg brand under the Barclays umbrella.
We are looking for collaborative innovative team players who like to solve problems. There will also be immense opportunities for those willing to dive in. If youre inspired by growth and want to make a real difference Best Egg is the place for you.
Were proud to be an equal opportunity employercommitted to building a diverse 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
- Experience in 2LOD 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
$110000 - $130000 a year
This position is also eligible for an annual incentive bonus based on individual and company performance. Yearly incentive bonus target 35% of base salary.
Employee Benefits
Best Egg offers many additional benefits for our employees including (but not limited to):
Pre-tax and post-tax retirement savings plans with a competitive company matching
program
Generous paid time-off plans including vacation personal/sick time paid short--
term and long-term disability leaves paid parental leave and paid company
holidays
Multiple health care plans to choose from including dental and vision options
Flexible Spending Plans for Health Care Dependent Care and Health
Reimbursement Accounts
Company-paid benefits such as life insurance wellness platforms employee
assistance programs and Health Advocate programs
Other great discounted benefits include identity theft protection pet insurance
fitness center reimbursements and many more!
In compliance with the CCPA Best Egg is fully committed to handling the personal information and data of employees and job applications responsibly with respect and due care. Review our CCPA Employee Policy here
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!
