Secured Credit Risk Manager

📋 Description

• • Lendable is at the forefront of revolutionizing consumer finance, driven by a mission to build the world's best technology for credit access and savings. As a rapidly growing fintech unicorn, we are seeking a highly experienced and strategic Secured Credit Risk Manager to spearhead the credit strategy for our newly developed second charge mortgage product.
• • This is a pivotal, foundational role where you will be instrumental in shaping the entire credit risk framework from inception. You will own the end-to-end credit strategy, encompassing everything from initial quote generation through to loan completion, ensuring robust risk management while driving commercial objectives.
• • You will collaborate closely with a dedicated, senior cross-functional team, including product managers, engineers, legal counsel, and commercial strategists, to embed a best-in-class credit risk infrastructure.
• • Your primary responsibility will be to define and implement comprehensive credit policies and underwriting strategies specifically tailored for second charge mortgages. This includes establishing clear guidelines for affordability assessments, eligibility criteria, and sophisticated decisioning frameworks.
• • A key aspect of this role involves owning and refining risk scoring and pricing models. You will develop and enhance scorecards, implement effective risk segmentation, and create dynamic pricing models that meticulously balance the need for loan volume with the imperative of maintaining high portfolio quality.
• • You will be tasked with driving product growth by leveraging your analytical prowess and expert credit judgment. This involves actively contributing to credit policy development, working in tandem with the commercial team to achieve ambitious volume targets, all while rigorously safeguarding portfolio integrity.
• • A critical component of your remit is to own and manage the IRR/NPV/cashflow models for the second charge mortgage product. This ensures a deep understanding of the underlying economics of every asset booked and empowers you to proactively identify and implement necessary strategic changes to optimize financial performance.
• • You will play a crucial role in designing and implementing automated decisioning logic. This involves translating complex credit policies into executable rules and decision trees that can be seamlessly integrated into our cutting-edge platform, partnering with engineering to create the fastest and most automated secured lending product available in the market.
• • You will contribute significantly to shaping our funding strategy by collaborating with the Capital Markets team. Your insights will inform investor parameters, including Loan-to-Value (LTV) limits, property valuation methodologies, and portfolio concentration limits, translating these into practical and effective credit policies.
• • Furthermore, you will provide essential input into the property valuation and security process, ensuring that credit policies adequately account for valuation methodologies, the management of valuation panels, and the intricacies of charge registration requirements.
• • Continuous monitoring of portfolio performance is paramount. You will track key early indicators, adapt and refine strategies based on observed outcomes, and provide clear, concise reports to senior stakeholders, enabling data-driven decision-making.
• • This role demands exceptional cross-functional collaboration. You will work daily with product and engineering teams to ensure seamless integration of credit decisioning into the platform, and closely with legal and compliance departments to guarantee adherence to all relevant regulatory frameworks, including MCOB and the Consumer Duty.
• • Given the startup nature of this initiative, you will be expected to be hands-on across the entire credit lifecycle. This is an opportunity to build something new and impactful, rather than manage an existing, established process.
• • Your expertise will be vital in ensuring our second charge mortgage product is not only competitive but also operates with the highest standards of risk management and regulatory compliance, contributing directly to Lendable's continued success and market leadership.