Senior Director, Risk Management and Bank Partnership Strategy

Summary

Join Best Egg as a Senior Director of Risk Management and Bank Partnerships, playing a pivotal role in shaping the company's risk oversight and fostering strategic relationships with banking partners. This leadership position requires a minimum of 15 years of experience in banking or financial services, with at least 5 years in managing bank partnerships and extensive expertise in credit, strategic, and financial risk management. You will lead the development and execution of a risk framework, advise senior leadership, monitor risk exposures, and collaborate with cross-functional teams. The role also involves building and maintaining strong relationships with banking partners, developing partnership strategies, and representing the company with external stakeholders. Best Egg offers a competitive salary, an annual incentive bonus, and a comprehensive benefits package.

Requirements

• Bachelor's degree in business administration, finance, or related field
• A minimum of 15 years of experience in banking, financial services, or a related field, including at least 5 years of proven success in developing and/or managing bank partnerships, with extensive expertise in overseeing and managing credit, strategic, and financial risks
• Ability to lead change initiatives, fostering alignment and collaboration across the organization
• Demonstrated working knowledge of the regulatory environment and compliance requirements for financial institutions overseeing FinTech’s
• Knowledge of FinTech/Bank Partnership Model and the ability to partner and collaborate with external stakeholders
• Strong analytical skills and experience in evaluating financial, credit and strategic risks
• Excellent communication, interpersonal, and relationship-building skills, with the ability to present complex risk concepts to executive leadership
• Ability to work effectively in a cross-functional team environment and lead teams to achieve strategic objectives
• Proven ability to develop and execute successful partnership strategies that drive business growth and revenue

Responsibilities

• Lead the development and execution of a risk framework for overseeing strategic, credit, and financial risks, ensuring alignment with the company’s goals, risk appetite and bank partner expectations
• Function as a key advisor to senior leadership, providing insights and recommendations to mitigate risks and maximize opportunities
• Monitor, assess, and report on risk exposures, trends, and emerging risks, driving continuous improvement in risk oversight practices
• Provide insights and recommendations to senior leadership on the financial and strategic implications of key business decisions
• Collaborate with cross-functional teams, including first-line business teams, to ensure risk identification, measurement, and mitigation strategies are in place
• Establish and maintain relationships with key stakeholders in the banking industry, including banks, and industry associations
• Provide thought leadership and strategic insights to senior leadership on industry trends, emerging opportunities, and potential risks
• Design risk management frameworks and bank partnership strategies that are adaptable to the company’s growth and evolving business needs
• Build and maintain strong, collaborative relationships with banking partners to support the company’s objectives and goals
• Develop and execute partnership strategies to enhance product offerings and maximize financial opportunities
• Assess the impact of bank partnerships on the company's operational efficiency, costs, and overall business performance
• Serve as the primary liaison with banking partners, facilitating transparent communication and alignment on key initiatives
• Monitor and evaluate the performance and risks of bank partnerships and provide regular updates to senior leadership
• Create and lead the company’s second-line oversight programs for strategic, credit, and financial risks, ensuring they are forward-looking, appropriately tailored to the organization’s size and complexity, and scalable
• Develop and maintain risk policies and frameworks that support sound decision-making and operational excellence
• Represent the company with external stakeholders, including strategic partners and industry groups, demonstrating expertise, and thought leadership

Preferred Qualifications

Preferred experience with Consumer Lending products and services

Benefits

• Pre-tax and post-tax retirement savings plans with a competitive company matching program
• Generous paid time-off plans including vacation, personal/sick time, paid short-term and long-term disability leaves, paid parental leave, and paid company holidays
• Multiple health care plans to choose from, including dental and vision options
• Flexible Spending Plans for Health Care, Dependent Care, and Health Reimbursement Accounts
• Company-paid benefits such as life insurance, wellness platforms, employee assistance programs, and Health Advocate programs
• Other great discounted benefits include identity theft protection, pet insurance, fitness center reimbursements, and many more!
• $200,000 - $240,000 a year
• In addition to semi-monthly salary payments, this position is also eligible for an annual incentive bonus based on individual and company performance. Yearly incentive bonus target 30% of base salary