Best Egg

Director

• Establish and maintain credit risk appetite, lending guardrails, and buy-box frameworks, including thresholds for approval rates, loss, concentration, and portfolio mix.
• Independently review, assess, and challenge all material credit strategy, policy, and model changes proposed by the First Line of Defense for conceptual soundness, empirical support, and alignment with risk appetite.
• Ensure compliance with internal policies, regulatory expectations, and model risk management standards.
• Independently analyze portfolio performance across products, segments, channels, and vintages, including early warning indicators, loss emergence, and tail risk.
• Conduct end-to-end credit risk assessments, incorporating underwriting, customer management, collections, and recovery outcomes.
• Monitor consumer behavior trends, macroeconomic indicators, and external risk signals to identify current and emerging credit risks.
• Partner with Finance and Analytics to review loss forecasts, stress scenarios, and capital/liquidity implications.
• Own the development, maintenance, and governance of recession, credit tightening, and liquidity playbooks.
• Define leading indicators, triggers, and thresholds that inform when credit tightening or risk mitigation actions are required.
• Regularly test and refresh stress scenarios to ensure portfolio resilience under adverse economic, consumer, or geopolitical conditions.
• Provide clear, actionable recommendations to senior leadership during periods of stress or uncertainty.
• Identify key areas of elevated or emerging risk and work collaboratively with the First Line of Defense to mitigate risk while preserving business objectives.
• Ensure material risks are appropriately documented, escalated, and tracked through remediation.
• Provide effective challenge while maintaining strong, constructive partnerships with product and credit leaders.
• Ensure group credit policies, standards, and risk governance frameworks are consistently applied across consumer lending products.
• Provide oversight of controls related to guardrails, underwriting standards, model usage, and strategic risk decisions.
• Support regulatory exams, internal audits, and model reviews related to credit risk.
• Prepare executive- and board-level materials summarizing portfolio health, key risks, and recommended actions.
• Act as a trusted senior advisor to executive leadership on credit risk matters.
• Build and lead a high-performing 2LOD credit risk team with strong analytical depth and sound judgment.
• Foster a culture of transparency, independence, and constructive challenge.
• Communicate complex credit risk topics clearly and credibly to non-technical stakeholders, including senior executives and board members.

Managing Director, Credit Risk – 2nd Line of Defense