About the Role

Your role is pivotal in ensuring the integrity and stability of our microloan portfolio. You will be responsible for managing and mitigating risks associated with our loan offerings, leading a dedicated team in developing and executing a comprehensive risk monitoring framework. This framework is essential for evaluating the effectiveness of our risk models and maintaining the integrity of our data systems and infrastructure. You will oversee the creation, evaluation, and application of various monitoring processes, including developing alternative solutions and contingency plans to address potential risk factors.

A critical aspect of your role involves establishing standard procedures that adhere to industry best practices to ensure the robustness and security of our loan origination policies. Leveraging objective data, you will recommend modifications to our loan policies to enhance the overall health and sustainability of our loan portfolio.

Collaboration with other departments such as customer success, marketing, and legal is essential to ensure that our credit risk policies not only comply with regulatory standards but also align with our overarching business strategy. Your leadership in this role is instrumental in driving our mission to become the most inclusive bank in the LATAM region, with a focus on maintaining a secure and reliable microloan portfolio.

Daily Responsibilities

• Monitor and enhance the quality of data processing pipelines, identify process improvements, and implement best practices to minimize data integrity issues affecting credit risk models' accuracy.
• Develop and maintain a framework for credit risk monitoring, including early warning indicators, risk appetite limits, and stress testing scenarios.
• Establish, implement, and maintain an extensive monitoring framework to track data infrastructure component performance in real-time, enabling rapid response with contingency plans when risks materialize.
• Ensure that credit risk policies and procedures are up-to-date, correctly implemented, and well-documented in internal and external documentation, conducting periodic reviews and testing to assess their effectiveness.
• Conduct regular risk assessments to identify external and internal factors that could impact the profitability of our loan portfolio, developing strategies to mitigate those risks.
• Stay abreast of industry trends and best practices in credit risk management, continuously seeking to improve the credit risk infrastructure.
• Provide guidance and mentorship to the credit risk engineering team, fostering a culture of data-driven decision-making and high ownership, and working to build a talented and cohesive team.
• Collaborate with the leadership team to communicate the loan portfolio's performance, highlighting potential risks, and opportunities for growth.

Requirements

• +4 years of experience managing the credit risk area, including developing and implementing credit risk management strategies.
• Intermediate level of SQL and willingness to further develop this skill.
• In-depth knowledge of credit risk management principles, including credit scoring, portfolio management, and stress testing.
• Ability to build and lead a high-performing credit risk team.
• Excellent verbal and written communication skills in both English and Spanish, with the ability to explain complex concepts to non-technical team members.

Nice to Have

• Experience working in a start-up or fast-paced, high-pressure environment.
• Knowledge in back-end architecture design.
• Familiarity with the microfinance industry, including experience with microloan products and underwriting methodologies.
• Experience with machine learning and other advanced data analytics techniques, leveraging these tools to enhance credit risk management.
• Advanced degree or certification in a relevant field such as Risk Management, Financial Engineering, or Data Science.

Your Skills

• Clear and transparent communication.
• Relentlessly resourceful at execution and problem-solving.
• Sense of urgency.
• Flexibility / adaptability / resilience.
• Being self-driven / committed.
• Strategic thinking / seeing the bigger picture.
• Critical / analytical thinking.