Remote Chief Credit Officer

Summary

Join Varo to change the future of banking as a Chief Credit Officer (CCO) in a critical leadership position. The CCO will oversee credit and related activities, drive innovation, and ensure compliance with consumer protections.

Requirements

• You 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