Financial Counterparty Risk Manager

About the role

First Electronic Bank (FEB) is driven by the purpose to make credit accessible to everyday Americans and their businesses. Partnering with innovative FinTech companies, we offer consumer and commercial credit products nationally, including revolving lines of credit, private-label credit cards, and installment financing programs. This role focuses on evaluating, monitoring, and reporting on the financial condition and credit risk of the Bank's strategic partners to support safe growth and informed decision-making.

Responsibilities

• Analyze and assess the financial condition and creditworthiness of strategic partners through review of audited financial statements, management reporting, liquidity measures, and funding sources.
• Review, spread, and analyze monthly, quarterly, and annual financial statements.
• Monitor financial performance trends and identify emerging credit or liquidity concerns.
• Track compliance with financial covenants and other contractual obligations.
• Monitor the status and availability of strategic partners' credit facilities and funding arrangements.
• Conduct periodic counterparty and strategic partner risk assessments.
• Participate in financial review meetings with strategic partners to discuss performance, liquidity, capital position, and business developments.
• Develop and maintain risk scorecards, key risk indicators (KRIs), and early warning indicators.
• Prepare financial risk reports and portfolio metrics for executive management, the Credit Committee, and the Board of Directors.
• Support due diligence efforts for prospective strategic partners, products, and programs.
• Collaborate closely with Strategic Partnerships, Legal, Compliance, Finance, Operations, and Technology teams to support partner oversight and risk management.
• Assist in the development and enhancement of counterparty risk monitoring frameworks, policies, and procedures.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• 5+ years of experience in financial analysis, credit analysis, underwriting, counterparty risk management, or related disciplines.
• Experience spreading and analyzing commercial or corporate financial statements.
• Strong understanding of financial statement analysis, liquidity assessment, cash flow analysis, and credit risk evaluation.
• Advanced proficiency in Microsoft Excel and strong working knowledge of PowerPoint and Word.
• Excellent analytical, written, and verbal communication skills.

Preferred Qualifications

• Experience analyzing or underwriting fintech, specialty finance, consumer finance, or other non-bank financial institutions.
• Understanding of CECL, allowance methodologies, charge-offs, fair value accounting, and related banking concepts.
• Experience evaluating companies ranging from startup-stage organizations to publicly traded enterprises.
• Knowledge of warehouse facilities, forward flow arrangements, securitizations, capital raises, and other financial institution funding structures.
• Experience presenting financial analyses and risk assessments to senior management or risk committees.