Sr Director of Credit Risk

The purpose of this role is to lead the independent second line quantitative credit risk management to support loss forecasting, CECL, risk appetite framework, concentration limits setting, credit risk reporting and model risk management(MRM) practice. This position plays a critical role in maturing Avant's capabilities to quantify and manage risks effectively.
What you will do at Avant:

• Develop quarterly credit loss forecasts as well as monthly loss forecast outlooks and on-going interactions with various internal/ external constituents.
• Run Credit Risk Governance Program. Provide oversight, review and approve all relevant Policies for Credit Underwriting, Verifications, Collections and Fraud.
• Define enterprise credit risk appetite for Avant's products with appropriate KRIs.
• Closely monitor key credit trends & track outcomes of strategic changes. Assist in the development of credit strategies, by understanding the impact of any change on profitability through advanced credit analytics.
• Responsible for design, implementation and maintenance of intuitive dashboards/ reports that deliver valuable insights for enabling data-driven decision making
• Partner with key stakeholders to identify areas of opportunity to enable profitable growth while staying within credit risk appetite and adapting to a changing economic environment.
• Conduct quantitative modeling on portfolio credit risk to inform stress testing, capital adequacy, and concentration risk limits.
• Collaborate with the enterprise Analytics team to mature Avant's MRM program.
• Refine requirements for new models, further enhance the soundness of models in use, and model risk rating framework.

Why you are a Fit for Avant:

• Bachelors in Economics, Statistics, Engineering, Mathematics, and related disciplines. MS or MBA preferred.
• Minimum of ten (10) years of experience in a credit risk management or product management role in consumer lending
• Minimum five (5) years of direct employee management experience.
• Strong business acumen and extensive knowledge about credit risk management
• Excellent written and oral communication skills to explain complex topics simply to a wide variety of audiences and summarize key messages for senior leadership.
• Ability to work collaboratively in a fast-paced, cross-functional team environment with competing priorities
• Understand concepts of data lineage and data stewardship in order to develop effective data analytics that provide insights.

Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
Some of our benefits include:

• Choice of great Medical, Dental, and Vision Insurance Plan options
• 401(k) Match
• Unlimited Paid Time Off
• Flexible Work Environment
• Generous Paid Parental Leave
• Lunch Allowance (Fooda) and In-office Snacks
• WFH Stipends for our Remote Employees
• Access to LinkedIn Learning for Professional Development
• No Meeting Wednesdays - (a.k.a. planned time to Get Sh!t Done)
• Summer Fridays
• Fun In-Office and Virtual Social Events
• And who doesn't love the swag

This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you're fully vaccinated upon your start date or before working in or visiting our Chicago office. You're considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination. Subject to applicable law and requests for accommodation.