SVP, Credit Risk & Policy

THE ORGANIZATION: About Accion Opportunity Fund (AOF) Accion Opportunity Fund (AOF) is a leading Community Development Financial Institution dedicated to providing underserved small business owners with access to capital, networks, and coaching. For over 30 years, AOF has helped small business owners create jobs, build wealth, and strengthen communities by providing responsible financing and business support services. Since our founding, we have deployed more than $1 billion in financing and have served more than 4 million entrepreneurs through educational resources and business support programs. The majority of our clients come from historically underserved communities where access to traditional financing remains limited. As AOF continues its mission of expanding financial inclusion, we are building a scalable, sustainable financial institution that combines mission impact with strong financial performance. Our strategic vision includes expanding our lending capabilities, strengthening enterprise risk management, and preparing for future growth across additional financial products, including Credit Union services. To learn more, visit https://aofund.org/ Position SummaryThe VP, Credit Risk & Policy is the senior executive who builds and oversees AOF's enterprise-wide credit risk framework, including credit philosophy, underwriting standards, portfolio risk management, fraud prevention, allowance methodology, and governance, ensuring safe, compliant, mission-aligned lending.Reports/advises to Executive Leadership, the Credit Risk Committee, Board, regulators, and auditors, and helps prepare AOF for expansion into SBA lending, Credit Union products, consumer lending, and commercial mortgages/real estate. Key ResponsibilitiesEnterprise Credit Risk Leadership: Set risk appetite, underwriting standards, and policy framework; advise Executive Management/Board; lead Credit Risk Committee reporting.Credit Policy & Underwriting: Maintain enterprise credit/underwriting/fraud policies; balance analytics, automated decisioning, and credit judgment; govern exceptions and approval authorities.Portfolio Risk Management: Monitor concentration, delinquency, losses, and asset quality; run stress tests/scenario analysis; set concentration limits; report to leadership, regulators, Board.Credit Analytics & Modeling: Oversee scoring models, predictive analytics, and underwriting tools; evaluate AI/ML and alternative data; ensure model governance.CECL & Credit Loss Management: Own CECL methodology and reserve adequacy; monitor charge-offs/recoveries; partner with Finance on reporting.Fraud & Financial Crimes: Build fraud prevention for lending and future deposit products; ensure BSA/AML, OFAC, CIP, KYC compliance with Compliance team.Regulatory Compliance & Governance: Ensure compliance with lending/Fair Lending laws; lead exams and audits; maintain internal controls; track regulatory changes.Credit Operations Support: Partner with Operations on servicing, collections, delinquency, and recovery strategy.Third-Party Risk Management: Conduct due diligence on loan providers/participations; vet partnerships against risk/compliance standards.Leadership & Talent Development: Build and mentor a high-performing Credit Risk team; drive succession planning and cross-functional collaboration. QualificationsRequired:Bachelor's/Masters degree in Finance, Accounting, Economics, Statistics, Math, Engineering, Business, or related quantitative field.10+ years progressive commercial/consumer credit risk experience; 5+ years leading enterprise credit risk/underwriting/portfolio functions.Strong background in financial statement analysis, commercial underwriting, portfolio management, CECL/allowance methodology, credit risk analytics/modeling, and automated underwriting systems.Knowledge of Fair Lending, BSA/AML, OFAC, KYC, and related regulations.Strong executive presentation, communication, analytical, and leadership skills. Preferred:Master's degree (MBA, Finance, Economics, Statistics, or related).Experience at a CDFI, financial institution, Credit Union, or bank; SBA lending experience.Experience implementing automated underwriting/enterprise risk systems and leading fraud/financial crimes programs.Deep knowledge with Microsoft Suite and knowledge with Power BI, Tableau, SQL, Python, SAS, or similar tools. Leadership CompetenciesStrategic/enterprise thinking, strong analytical and business judgment, executive presence, cross-functional influence, commitment to innovation, high integrity, and a collaborative, people-developing leadership style. Why Join AOFMission-driven work supporting underserved entrepreneurs, with a competitive benefits package: flexible hybrid work + remote stipend; 100% employer-paid medical/dental/vision/life/disability (employee) and 90% for dependents; FSA; supplemental life/AD&D; legal assistance; 403(b) match; unlimited PTO; 12 holidays + 1 floating; 10 sick days; paid parental leave; professional development support. Equal Opportunity Employer — AOF does not discriminate based on race, color, religion, sex, national origin, age, disability, genetic information, veteran status, marital status, or other protected characteristics. Salary Range: $220K- 250K/year, based on qualifications, experience, location, and fit. Plus a 17% discretionary annual target bonus.