Cross River
VP, Consumer & Counterparty Credit Risk
Fort Lee, New Jersey, United States · Vp
Sponsorship not specified$200k-$250kDetected 41 days ago
Load TestingLeadershipCollaborationUnderwriting
About the role
- Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively - trusted by leading fintechs, enterprises, and disruptors across the globe.
- Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker's Best Places to Work in Fintech year after year.
- All employment is decided on the basis of qualifications, merit, and business need.
Responsibilities
- Identify and develop credit risk metrics reporting (e.g., KRIs and KPIs) to continuously monitor and oversee risk of consumer assets
- Provide effective challenge to first line and partner risk teams through independent reviews of critical credit risk processes which includes underwriting, and portfolio management, collections, and recoveries.
- Independently review structured credit facilities offered to partners originating consumer assets.
Requirements
- 15+ years leadership experience in consumer life-cycle risk management covering underwriting, portfolio management, collections, and recoveries.
- Experience in profitability-based risk reward assessments (NPV) and use of model-based assessment frameworks.
- Experience in end to end prime-sub-prime portfolio management
- Experience with Payments, Nacha rules, and network chargeback rules.
- Familiarity with Stress Testing
- Familiarity with applicable consumer regulatory requirements.
- Degree in quantitative or a related field
- Significant experience in unsecured closed end, and revolving products. Secured consumer product experience a plus.
- Strong business acumen with a risk-reward control perspective.
- Demonstrated ability to successfully manage multiple priorities under pressure;
Nice to have
- Significant experience in unsecured closed end, and revolving products.
- Secured consumer product experience a plus.
Compensation
- $200,000.00 - $250,000.00
- All employment is decided on the basis of qualifications, merit, and business need.
- By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided.
- We will only contact you with job related information.
Company info
- Cross River builds the infrastructure behind the world's most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively - trusted by leading fintechs, enterprises, and disruptors across the globe.
- Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker's Best Places to Work in Fintech year after year. Whether you're designing code, solving regulatory puzzles, or developing strategy, you'll join a team where innovation and integrity drive everything we do - and where your work helps shape the future of finance.
- What We're Looking For
- Reporting into the Chief Credit Risk Officer, we are seeking a VP, Consumer Credit Risk & Counter Parrty who will be responsible for the 2 nd line oversight of Consumer Credit Risk for retained Consumer Portfolios, Payments, and Structured Financing risk arising from lending against consumer assets to partners or settlement risk with payment processes.
- Cross River builds the infrastructure behind the world's most innovative financial products.
- Our mission is simple: to build the financial infrastructure that expands access and opportunity for all.
- Whether you're designing code, solving regulatory puzzles, or developing strategy, you'll join a team where innovation and integrity drive everything we do - and where your work helps shape the future of finance.
- to build the financial infrastructure that expands access and opportunity for all.
Equal opportunity
- Cross River is an Equal Opportunity Employer.
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This listing is sourced directly from Cross River's careers page and normalized into a canonical job model.