Cross River
SVP, Chief Credit Risk Officer
Fort Lee, New Jersey, United States · Exec
Sponsorship not specified$280k-$350kDetected 15 days ago
Machine LearningAgentic AIStakeholder ManagementValuationLoad TestingLeadershipCommunicationCollaborationAdaptabilityUnderwriting
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
- Enhance and maintain the credit risk appetite framework, policies, and governance structure
- Establish, enhance, and maintain concentration limits, stress testing frameworks, and early warning systems
- Lead portfolio analytics and reporting, including identifying, trends and potential areas of concern in the portfolio through single name analysis, pool level portfolio analysis, vintage analysis, and risk-adjusted return metrics
- Partner with technology, operations, and product teams to embed credit risk controls into automated lending platforms and APIs
- Support relationships with regulators and lead credit risk-related examinations and audits
- Collaborate closely with the compliance function under the Chief Risk and Compliance Officer to ensure alignment of credit and compliance objectives
- Build, mentor, and lead a high-performing credit risk organization
- Direct Reports: Credit Risk team leads, Portfolio Managers, Senior Credit Analysts
Requirements
- 15+ years of progressive experience in credit risk management within banking, fintech, or financial services
- Deep expertise in consumer and/or commercial credit underwriting, portfolio management, and loss mitigation
- Strong understanding of regulatory frameworks governing bank lending and risk management
- Experience with models, and model related processes
- Experience with CECL/Allowance processes
- Experience with regulators (OCC/FDIC/Fed), and External Auditors/Rating Agencies
- Proven leadership with strong communication skills across all levels of the organization
- Bachelor's degree in Finance, Economics, Mathematics, or related field
- Advanced degree (MBA, Master's, or PhD) in a quantitative or business discipline
- Experience navigating rapid growth environments while maintaining sound risk controls
- Prior experience at a fintech bank, digital lender, or BaaS (Banking-as-a-Service) provider
- Familiarity with marketplace/partner lending models and embedded finance
Nice to have
- Professional certifications (FRM, PRM, CFA) are a plus
Compensation
- $280,000.00 - $350,000.00
Benefits
- Competitive compensation package (base + bonus + equity)
- Comprehensive benefits including health, retirement, and professional development
- Foster a culture of data-driven decision-making, accountability, and continuous learning
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
- Cross River is seeking a seasoned and strategic Chief Credit Risk Officer to lead and oversee all aspects of credit risk management across the Bank including Fintech Banking, Commercial Banking, and Principal Finance Group. Reporting to the Chief Risk and Compliance Officer, this leader will be responsible for enhancing and maintaining the credit risk framework, setting risk appetite, and ensuring sound credit decision-making as we scale our lending products and partnerships.
- 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.