VP, Credit Risk & Policy

Accountabilities

• Lead the development and execution of comprehensive credit risk management strategies while ensuring effective controls, policies, and systems are in place to support responsible lending decisions.
• Ensure effective collaboration across leadership teams, lending functions, and external stakeholders to maintain portfolio health and drive continuous improvement.
• Lead enterprise-wide credit risk management strategy, including credit policies, underwriting standards, approval processes, risk models, and portfolio monitoring frameworks.
• Oversee credit approval processes and ensure lending practices are consistent, scalable, and aligned with organizational goals and regulatory expectations.
• Develop, review, and communicate credit policies and procedures across teams to maintain consistency and operational excellence.
• Evaluate and enhance credit risk technologies, including predictive underwriting models, alternative data solutions, scoring systems, fraud controls, and compliance tools.
• Optimize underwriting processes by balancing automated decision-making, analytics, and human judgment to improve borrower experiences and risk outcomes.
• Monitor portfolio performance, asset quality, loan diversification, delinquencies, and credit trends while providing actionable recommendations to leadership.
• Ensure credit loss methodologies, including CECL processes and charge-off procedures, align with industry standards and regulatory requirements.
• Establish strong internal controls, reporting systems, and governance processes to support accurate risk assessment and decision-making.
• Partner with operational leaders to improve loan servicing performance, collections strategies, and risk mitigation practices.
• Serve as a key representative with regulators, auditors, lending partners, and external stakeholders regarding credit management practices.
• Build and maintain a strong credit culture through training, coaching, mentoring, and development of credit risk teams.
• Recruit, develop, and retain high-performing talent while ensuring effective succession planning and organizational capability.

Requirements

• The ideal candidate is an experienced credit risk executive with a strong background in financial services, lending operations, and risk management.
• They should combine analytical expertise, leadership capabilities, and a deep understanding of credit strategy, regulatory requirements, and small business lending.
• A Bachelor’s degree in Statistics, Engineering, Mathematics, Finance, or a related field; a master’s degree is preferred.
• 10+ years of combined experience in commercial and consumer credit risk, including at least 5 years leading a small business credit function.
• Deep knowledge of credit operations, underwriting principles, portfolio management, and financial services control systems.
• A strong understanding of regulatory compliance requirements, including Fair Lending, BSA/AML, and related lending regulations.
• Experience managing strategic relationships and advising internal and external stakeholders on credit risk decisions.
• Advanced knowledge of financial statement analysis, credit scoring, predictive analytics, modeling, and forecasting techniques.
• Ability to evaluate and implement risk technologies, automated underwriting solutions, and data-driven decision frameworks.
• Strong leadership skills with demonstrated experience building, mentoring, and managing high-performing teams.
• Excellent communication, negotiation, organizational, and interpersonal skills with the ability to influence executive stakeholders.
• Strong analytical thinking, strategic vision, problem-solving abilities, and independent decision-making skills.
• Proficiency with Microsoft Office Suite and quantitative tools used for credit analysis and portfolio management.

Benefits

• Competitive salary range of $159,202 - $220,443, plus a 15% annual bonus target, depending on experience and qualifications.
• Flexible remote work environment with monthly remote work reimbursements.
• 100% company-funded medical, dental, vision, life, and disability insurance for employees based on plan selection.
• 90% company-funded dependent healthcare coverage based on plan selection.
• Flexible Spending Accounts and voluntary benefits, including supplemental life insurance, AD&D coverage, and legal plans.
• Tax-deferred and Roth 403(b) retirement plan with employer matching contributions.
• Unlimited paid vacation days, paid holidays, floating holidays, sick leave, and paid parental leave.
• Opportunity to contribute to a mission-driven organization focused on expanding financial access and supporting small businesses.
• Collaborative workplace culture that values inclusion, innovation, and work-life balance.