<div>Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.</div><div><br /></div><div><span>Varo Bank, the first all-digital national bank, is seeking a passionate, data-driven Credit Risk Director to provide risk management oversight and effective challenge of credit related activities as we grow our lending business. You will collaborate across a number of teams internally; including risk management, product, lending, finance, engineering and legal to ensure Varo Bank’s risk management is best in class. We are looking for an analytic thinker who thrives in a fast-paced, mission-oriented environment to help revolutionize consumer banking.</span></div><h3>What Youll Do:</h3><ul><li>Work in our 2nd line of defense credit risk management team</li><li>Independently evaluate and challenge credit strategies, by understanding the impact of any change on profitability through advanced credit analytics</li><li>Review the usage of advanced machine learning models developed by data scientists in credit decisions, in order to ensure profitable outcomes</li><li>Ensure credit extension decisions aligns with Varo’s Risk Appetite Framework</li><li>Manage Credit Key Risk Indicators; perform analysis to enhance and evolve credit KRIs, ensuring metrics align with Varo’s Business Objectives and Risk Appetite</li><li>Build and maintain monitoring dashboards; Perform portfolio analysis and generate actionable insights</li><li>Spot emerging credit risk by developing  and maintaining credit monitoring reports with a view on internal and external leading indicators and share analytic insights with key stakeholders</li><li>Evaluate new alternative data and determine how best to utilize them</li><li>Manage credit-related policies and ensure they are properly being applied in our lending products</li></ul><h3>You’ll bring the following required skills and experiences:</h3><ul><li>6+ years of experience in consumer credit risk management or credit strategy, preferably at a fintech or major financial institution</li><li>Deep understanding of the consumer credit lifecycle and how Credit Risk Management principles are applied in consumer lending</li><li>Advanced expertise in data analysis and manipulation using SQL or Python</li><li>Experience with advanced statistical techniques and a solid understanding of relational databases</li><li>Excellent verbal and written communication skills with strong attention to detail</li><li>Experience in using models (developed by data scientists) to improve business decisions</li><li>Strong ability to independently identify and solve problems in a fast-paced environment</li><li>Education: Bachelors or Masters in a quantitative field like Computer Science, Economics, Math, Statistics, or Engineering</li><li>Familiarity with business intelligence tools like Tableau or similar</li><li>Experience with machine learning models in a credit risk context is a plus</li><li>Experience at a high-growth fintech or tech startup is a plus</li></ul><div><i>We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!</i></div><div><br /></div><div><b>About Varo</b></div><div>Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer. </div><div><br /></div><div>As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.</div><div><br /></div><div><b>Learn more about Varo by following us:</b></div><div>Facebook - <a href="https://www.facebook.com/varomoney">https://www.facebook.com/varomoney</a></div><div>Instagram - <a href="http://www.instagram.com/varobank">www.instagram.com/varobank</a></div><div>LinkedIn - <a href="https://www.linkedin.com/company/varobank">https://www.linkedin.com/company/varobank</a></div><div><br /></div><div>Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.</div><div><br /></div><div><b>Beware of fraudulent job postings!</b></div><div>Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information. </div><div><br /></div><div><b>CCPA Notice at Collection for California Employees and Applicants: </b></div><div>https://<a href="http://www.varomoney.com/privacy-legal/">www.varomoney.com/privacy-legal/</a></div>

Varo Money

Credit Risk Director

Varo Money

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