Varo Bank
Overview
Varo Bank is seeking a creative and data-driven Credit Strategy Director to lead the development and launch of our next generation of consumer lending products. This is a high-impact, strategic role for someone passionate about using data to solve complex problems. You will translate Varo's vision into customer-centric and profitable credit strategies. We are looking for an innovator who thrives in a fast-paced, mission-oriented environment to help revolutionize consumer banking. 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. Base pay range: $150,000.00/yr - $210,000.00/yr This role is also eligible for a bonus, equity, and competitive benefits. What you\'ll be doing
Lead Credit Strategy for New Products: Develop and implement credit strategies for new products, including underwriting, pricing, and credit policies from ideation to post-launch monitoring Analyze and Optimize: Conduct deep-dive analyses of KPIs to identify trends and understand portfolio performance; propose and implement data-driven policy changes to improve risk-adjusted returns and customer experience Drive Experimentation: Design and execute A/B tests to optimize credit policies, user experience, and risk controls Inform and Influence: Present analysis and strategic recommendations to key stakeholders and executive leadership Collaborate Cross-Functionally: Partner with Product, Engineering, Data Science, Marketing, Operations, and Legal teams to deliver best-in-class, compliant credit offerings Champion Best Practices: Build and maintain monitoring dashboards and develop performance tracking to ensure proactive risk management Qualifications
8+ years of experience in consumer credit risk management or credit strategy, preferably at a fintech or major financial institution Strong understanding of the consumer credit lifecycle, including origination, underwriting, fraud, and collections; experience with traditional and alternative credit bureau data Ability to translate business problems into a data-driven approach, including hypothesis testing and root cause analysis Advanced expertise in data analysis and manipulation using SQL or Python Experience with advanced statistical techniques and a solid understanding of relational databases Strong problem-solving ability in a fast-paced environment Education: Bachelor\'s or Master\'s in a quantitative field (e.g., Computer Science, Economics, Math, Statistics, Engineering) Machine learning experience in a credit risk context is a plus Familiarity with BI tools like Tableau or Looker is a plus; fintech or tech startup experience is a plus We recognize not everyone will have all of these requirements. If you meet most of the criteria and are excited about the opportunity and willing to learn, we’d love to hear from you! About Varo
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. As the first consumer fintech to be granted a national bank charter in 2020, 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. Learn more about Varo by following us on social media: Facebook, Instagram, LinkedIn. Varo is an equal opportunity employer. We embrace diversity and 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. Beware of fraudulent job postings. 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. If you suspect a phony offer, email careers@varomoney.com. For cash compensation, we set standard ranges for all US-based roles; salary range for this role is $150,000 - $210,000, finalized based on factors including experience. This role is eligible for a bonus, equity, and competitive benefits. Seniority level
Not Applicable Employment type
Full-time Job function
Business Development and Sales Industries
Banking
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Varo Bank is seeking a creative and data-driven Credit Strategy Director to lead the development and launch of our next generation of consumer lending products. This is a high-impact, strategic role for someone passionate about using data to solve complex problems. You will translate Varo's vision into customer-centric and profitable credit strategies. We are looking for an innovator who thrives in a fast-paced, mission-oriented environment to help revolutionize consumer banking. 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. Base pay range: $150,000.00/yr - $210,000.00/yr This role is also eligible for a bonus, equity, and competitive benefits. What you\'ll be doing
Lead Credit Strategy for New Products: Develop and implement credit strategies for new products, including underwriting, pricing, and credit policies from ideation to post-launch monitoring Analyze and Optimize: Conduct deep-dive analyses of KPIs to identify trends and understand portfolio performance; propose and implement data-driven policy changes to improve risk-adjusted returns and customer experience Drive Experimentation: Design and execute A/B tests to optimize credit policies, user experience, and risk controls Inform and Influence: Present analysis and strategic recommendations to key stakeholders and executive leadership Collaborate Cross-Functionally: Partner with Product, Engineering, Data Science, Marketing, Operations, and Legal teams to deliver best-in-class, compliant credit offerings Champion Best Practices: Build and maintain monitoring dashboards and develop performance tracking to ensure proactive risk management Qualifications
8+ years of experience in consumer credit risk management or credit strategy, preferably at a fintech or major financial institution Strong understanding of the consumer credit lifecycle, including origination, underwriting, fraud, and collections; experience with traditional and alternative credit bureau data Ability to translate business problems into a data-driven approach, including hypothesis testing and root cause analysis Advanced expertise in data analysis and manipulation using SQL or Python Experience with advanced statistical techniques and a solid understanding of relational databases Strong problem-solving ability in a fast-paced environment Education: Bachelor\'s or Master\'s in a quantitative field (e.g., Computer Science, Economics, Math, Statistics, Engineering) Machine learning experience in a credit risk context is a plus Familiarity with BI tools like Tableau or Looker is a plus; fintech or tech startup experience is a plus We recognize not everyone will have all of these requirements. If you meet most of the criteria and are excited about the opportunity and willing to learn, we’d love to hear from you! About Varo
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. As the first consumer fintech to be granted a national bank charter in 2020, 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. Learn more about Varo by following us on social media: Facebook, Instagram, LinkedIn. Varo is an equal opportunity employer. We embrace diversity and 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. Beware of fraudulent job postings. 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. If you suspect a phony offer, email careers@varomoney.com. For cash compensation, we set standard ranges for all US-based roles; salary range for this role is $150,000 - $210,000, finalized based on factors including experience. This role is eligible for a bonus, equity, and competitive benefits. Seniority level
Not Applicable Employment type
Full-time Job function
Business Development and Sales Industries
Banking
#J-18808-Ljbffr