Chief Credit Officer

Summary

Join Varo, a mission-driven banking and technology company, as their Chief Credit Officer (CCO). Reporting to the Chief Risk Officer, you will oversee and challenge all credit and related activities as Varo scales its lending business. This critical leadership role requires close collaboration with business partners, executive management, the Board of Directors, and regulatory bodies. You will leverage your extensive credit risk management expertise to drive innovation and execution, ensuring Varo's credit products perform as expected and comply with regulations. The CCO will also lead the Enterprise Risk Analytics team and contribute to Varo's risk and control culture. This role offers a competitive salary and the opportunity to shape the future of banking.

Requirements

• Possess 15+ years of credit expertise gained from a diverse lending background including non-prime segments and digital channels
• Demonstrable understanding of credit operations across the credit lifecycle
• Exceptional analytical skills with the ability to conceptualize experimentation and analysis to drive tactical execution and strategic direction
• Ability to influence and effect change across the organization; willingness to consider alternative views and compromise as necessary to drive performance with stakeholders across the organization
• Sufficient gravitas to successfully represent management with the Board of Directors and the various regulatory bodies
• You have an owner's mentality and are energized to be joining at the growth stage of a promising start-up with an exceptional mission

Responsibilities

• Use your deep credit risk management expertise to drive innovation and execution in Varo’s credit and related activities (e.g. collections)
• Provide critical leadership for the independent credit function; ensure the appropriate skills and capabilities are resident on the team
• Provide insight and expertise, cross-functionally, to support Varo’s strategic roadmap; particularly the expansion of Varo’s bespoke credit products
• Ensure Varo’s credit products are performing as expected in terms of revenues, credit losses, and profitability
• Interface with Compliance to ensure Varo’s credit products are in compliance with all consumer protections. Collaborate on Fair Lending analysis
• Chair the Credit Risk Management Committee, where all credit and related policies, programs, and approvals are governed
• Provide management reporting to the Risk Management Committee of the Board of Directors on credit performance and initiatives. Own the Credit Risk stripe in Varo’s Risk Appetite Framework
• Lead the Enterprise Risk Analytics team to provide actionable risk analytics; effectively administer the Model Risk Management program
• Collaborate with Finance on credit loss provisioning to ensure provisions are adequate and appropriate. Accommodate the credit product roadmap in our provisioning methodologies
• Bring insight and perspective broadly, to the development of Varo’s risk & control culture and leadership behaviors

Benefits

$275,000 - $325,000 a year