Chief Credit Officer
New
F
Figure LendingFintech Lending
This is the compensation range for the United StatesFull-TimeExecutive
Salary210,000 - 263,000 USD per year
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Job Details
- Experience
- 15–20+ years of experience in credit risk management and portfolio oversight
Requirements
- 15–20+ years of experience in credit risk management and portfolio oversight.
- Extensive background in Mortgage and Home Equity credit risk, including LTV/CLTV management and valuation models.
- Proven success working outside of a "Big Bank" environment for a portion of your career, thriving in agile, high-growth, or startup settings.
- Demonstrated ability to develop a systematic secondary marketing group and manage primary/secondary market inefficiencies.
- Advanced understanding of loss forecasting and the conceptualization of investment logic to automate credit decisioning.
- Proven track record of managing remediation efforts and maintaining strong relationships with federal regulatory agencies.
Responsibilities
- Lead an organization of credit professionals directly accountable for managing risk across a diverse lending portfolio, including Home Equity products.
- Set enterprise-wide credit risk strategy across originations, pricing, portfolio management, and collections to drive the best outcomes for the lender and investor.
- Chair the Credit Committee and engage directly with the CEO and Board of Directors on all credit-related matters.
- Develop and iterate on proprietary loan products, leading risk analysis and consumer iterations to find perfect product/market fit.
- Drive automation efforts to compress the funnel from application to final approval, utilizing technology to remove legacy industry inefficiencies.
- Act as the primary liaison to regulatory bodies such as the OCC, FRB, and FDIC, ensuring all credit risk matters align with evolving supervisory expectations.
- Oversee loss forecasting, financial modeling, and stress testing (CCAR) methodologies to provide senior management with thoughtful analysis of key credit drivers.
- Build and manage relationships with investors, managing pricing, hedging, and warehouse functions.
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