Senior Director, Credit Risk - Originations

Galileo Financial Technologies

Galileo Financial Technologies

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Sales & Business Development
Jacksonville, FL, USA · Claymont, DE, USA · cottonwood heights, ut, usa
Posted on Saturday, December 16, 2023

Employee Applicant Privacy Notice

Who we are:

Welcoming, collaborative and having the opportunity to make an impact - is how our employees describe working here. Galileo is a financial technology company that provides innovative and revolutionary software products and services that power some of the world's largest Fintechs. We are the only payments innovator that applies tech and engineering capabilities to empower Fintechs and financial institutions to unleash their full creativity to achieve their most inspired goals. Galileo leads its industry with superior fraud detection, security, decision-making analytics and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow's payments challenges today. We hire energetic and creative employees while providing them the opportunity to excel in their careers and make a difference for our clients. Learn more about us and why we work here at https://www.galileo-ft.com/working-at-galileo.

Independent Risk Management

Contributing, developing, and maturing an industry-best Credit Risk Management organization across SoFi Technologies, Inc. The incumbent will architect comprehensive risk management capabilities for a rapidly growing bank holding company – ensuring robust defensive and offensive capabilities – maturing foundational risk identification/risk mitigation, risk management frameworks, and risk culture. The contributor will play an essential role in fostering regulatory readiness and maturing a strong effective challenge second line function across Credit Risk Governance and Controls across each product.

Key responsibilities include second line oversight of:

The Credit Risk Governance and Controls Oversight (2LOD) Senior Manager will provide an independent assessment of governance and controls for credit quality and the management of credit risk across SoFi Technologies, Inc., SoFi Bank, NA, and operating subsidiaries. They will ensure the implementation of SoFi’s governance framework and structures for each product line, evaluate the inventory of controls in place, and identify key risks to document and oversee. In addition, they will execute reviews and testing that requires subject matter expertise of the business units and credit functions under review. The incumbent ensures potential weaknesses at the counter party and/or portfolio level have been reported and an appropriate remediation plan is agreed to with the relevant stakeholders, and that risks and credit issues are properly reflected in both the local and global risk frameworks as necessary. They act as a mentor, and provide coaching and assistance to less experienced team members as part of reviews and activities. The incumbent will also assist in making required changes to Policy and Procedures and Quality Assessment Reviews as needed, or at least annually.

What you’ll do:

  • Win across data-driven insights, domain expertise, holistic view on risks, and participate in effective challenge of 1LOD Credit - implementing and managing governance frameworks across the various product lines - PL, SL, Cards, and Secured Lending

  • Drive accountability throughout the product organization by setting up and coordinating effective risk operating cadence/rhythm that bridge strategy, execution oversight, and inherent/residual risks and ensure comprehensive key risk indicators (KRIs) rigor.

  • Partner with colleagues in Regulatory Affairs to monitor policy and regulatory changes to determine requisite actions SoFi needs to take in response, as well as maintaining strong relationships with stakeholders in key regulatory agencies (e.g., OCC, U.S. Federal Reserve, and SEC).

  • Ensures emerging risks are identified and highlighted to senior management. Prepares executive summaries, periodic reports, and presentations summarizing findings and recommendations to Board and its Risk Committee and executive management

  • Recommends policy and procedural changes to executive management and business and credit units to correct deficiencies identified during reviews and strengthen the credit process. Evaluates the adequacy and effectiveness of credit data and credit tracking systems.

  • Work with Operations and EPD partners to identify gaps in system/operations process flows ensuring alignment of strategy/intent, execution, policies, state legalities, and regulatory guidelines as it relates to contacting delinquent customers

  • Review KPI/KRIs to ascertain the state of the product line and evaluate the effectiveness of current policies and procedures

What you’ll need:

  • 10+ years Banking experience, preferably concentrated in 2nd Line Oversight of Credit Risk Management or specific Credit Risk sub-functions, with participation in establishing governance frameworks and control implementation and reporting

  • Demonstrates strong credit analytical skills and in-depth knowledge of lending products and capital markets (e.g. whole loan sales and securitization)

  • Experience with regulatory compliance and standards across credit, collections, recoveries, and effectively and concisely communicating adherence

  • Working familiarity with automated monitoring tools and incident remediation

  • Ability to work independently and handle a significant and diverse workload

  • Detail oriented with project management skills, strong verbal and written communication skills

  • Time management skills and the ability to complete multiple projects simultaneously and in a timely manner Solid diplomatic skills with the ability to resolve conflict

  • Could lead a team of reviewers and/or act as examiner in charge for reviews

Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
This role may also be eligible for a bonus and/or long term incentives. Your recruiter will provide more information to you. All roles are eligible for competitive benefits. More information about our employee benefits can be found in the link below.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi & Galileo page!
US-Based Base Compensation
$147,600$225,500 USD
Galileo Financial Technologies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

This job is no longer accepting applications

See open jobs at Galileo Financial Technologies.