Purpose Financial · 7 hours ago
VP, Credit Risk & Data Science
Greenville, SC
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expPurpose Financial is a company focused on responsible growth in lending products. The VP, Credit Risk & Data Science will lead the strategy and execution of the credit risk framework, ensuring disciplined practices and effective governance while collaborating across functions to drive performance.
CommunitiesFinancial ServicesProfessional Services
No H1B
U.S. Citizen OnlyHiring Manager
Terry Franklin
Responsibilities
Define, maintain, and execute the company’s credit risk strategy in alignment with business objectives and risk appetite
Establish and oversee lending policies, underwriting standards, and credit decision frameworks across portfolio segments
Design and evolve underwriting models, A/B testing decision frameworks, and segmentation strategies
Ensure that underwriting models, rules, and policies are consistent, explainable, and scalable
Lead portfolio forecasting, scenario modeling, and risk-adjusted return analyses in partnership with Product Management team to support executive decision-making
Monitor portfolio performance, delinquency, loss trends, recoveries, and segment-level risk exposure across all channels and tactics
Identify emerging risks early and design proactive responses grounded in leading indicators
Guide the development and enhancement of diagnostic tools to improve portfolio management
Build strong partnerships with Product, Finance, Channel Operations, Technology, and Compliance
Drive a culture of accountability through clear guardrails, performance metrics, and portfolio KPIs
Translate complex data and risk insights into clear, actionable guidance for executives
Evaluate new product launches, partnerships, and underwriting strategies from a risk, economics, and unit-economics perspective
Understand, adhere to, and enforce all corporate policies
Qualification
Required
Master's degree in Finance, Economics, Mathematics, Statistics, or a related field
Advanced degree (M.S. or Ph.D.) in Finance, Economics, Statistics, Mathematics, or a related quantitative field
10+ years of progressive experience in credit risk management, consumer or commercial lending, or portfolio analysis
Strong knowledge of credit risk models and methodologies, statistical analysis, and experience with risk management platforms and tools
Exceptional leadership skills with a proven track record of managing and developing high-performing teams in collaborative environments
Demonstrated experience with regulatory compliance, governance frameworks, and risk management best practices in consumer lending
Excellent communication skills with the ability to present and articulate complex credit and risk concepts to both technical and non-technical stakeholders
Excellent written and verbal communication skills
Deep understanding of credit risk principles, underwriting standards, and regulatory requirements
Strong business acumen with the ability to see the bigger picture and understand how credit and risk strategies impact overall company performance
Adaptability and flexibility to change
Comfortable working in a dynamic, high-volume, fast-paced environment
Ability to understand and ensure compliance with policies, procedures, and laws governing consumer lending, credit decisions, and risk management
Commitment to Purpose Financial's core principles and mission to help customers achieve financial stability
Ability to work in an office and use office equipment
Ability to travel to be physically present and complete the physical requirements of the position at any assigned location
Must be eligible to work in the USA and able to pass a background check
Company
Purpose Financial
Purpose Financial is a consumer financial services company that offers a wide range of financial solutions and credit products.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Paul Cho
Chief Operating Officer
Recent News
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