Varo Bank · 13 hours ago
Chief Credit Officer
US Remote
Full-time
Remote
Director/Executive
$250K/yr - $325K/yr
15+ years exp
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Responsibilities
Use your deep credit risk management expertise to drive innovation and execution in Varo’s credit and related activities (e.g. collections)
Provide critical leadership for the independent credit function; ensure the appropriate skills and capabilities are resident on the team
Provide insight and expertise, cross-functionally, to support Varo’s strategic roadmap; particularly the expansion of Varo’s bespoke credit products
Ensure Varo’s credit products are performing as expected in terms of revenues, credit losses, and profitability
Interface with Compliance to ensure Varo’s credit products are in compliance with all consumer protections. Collaborate on Fair Lending analysis
Chair the Credit Risk Management Committee, where all credit and related policies, programs, and approvals are governed.
Provide management reporting to the Risk Management Committee of the Board of Directors on credit performance and initiatives. Own the Credit Risk stripe in Varo’s Risk Appetite Framework
Lead the Enterprise Risk Analytics team to provide actionable risk analytics; effectively administer the Model Risk Management program
Collaborate with Finance on credit loss provisioning to ensure provisions are adequate and appropriate. Accommodate the credit product roadmap in our provisioning methodologies
Bring insight and perspective broadly, to the development of Varo’s risk & control culture and leadership behaviors
Qualification
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Required
You possess 15+ years of credit expertise gained from a diverse lending background including non-prime segments and digital channels
Demonstrable understanding of credit operations across the credit lifecycle
Exceptional analytical skills with the ability to conceptualize experimentation and analysis to drive tactical execution and strategic direction
Ability to influence and effect change across the organization; willingness to consider alternative views and compromise as necessary to drive performance with stakeholders across the organization
Sufficient gravitas to successfully represent management with the Board of Directors and the various regulatory bodies
You have an owner's mentality and are energized to be joining at the growth stage of a promising start-up with an exceptional Mission
Company
Varo Bank
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives.
501-1,000 employees
H1B Sponsorship
Varo Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (15)
2022 (26)
2021 (23)
Funding
Current Stage
Late StageLeadership Team
Colin Walsh
Founder and CEO
Max Doerfler
Chief of Staff to CEO
Recent News
2024-01-24
2023-12-23
2023-09-13
Company data provided by crunchbase
