Best Egg

Director, Credit Risk Oversight – Consumer Lending

Best Egg

full-time

Posted on:

Location Type: Remote

Location: United States

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Salary

💰 $110,000 - $130,000 per year

Job Level

Lead

About the role

  • 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
  • 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
  • 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
  • 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
  • Develop and maintain credit risk reporting, insights, and dashboards
  • Escalate material risks, control gaps, or model concerns in a timely manner
  • 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

Requirements

  • 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
  • Strong knowledge of consumer lending regulations, including: ECOA / Regulation B (fair lending), FCRA, UDAAP
  • Experience in addressing fair lending and model governance risks preferred
Benefits
  • 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!
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
credit risk managementunderwritingportfolio riskcredit risk modelsportfolio performance analysismodel risk validationadvanced analyticsAI modelsML modelscredit risk reporting
Soft Skills
independent oversighteffective governancerisk assessmentchallenge on fair lending riskcommunicationproblem-solvingstrategic thinkinganalytical skillscollaborationtimely escalation