Credit Risk - Originations Director

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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.

The role:

The Credit Risk - Originations Director will play a crucial role in enhancing and overseeing our credit risk management framework. This leadership position requires a strategic thinker with extensive experience in credit risk, a solid understanding of FinTech operations, and the ability to lead a high-performing team. The successful candidate will collaborate closely with cross-functional teams to ensure the continued success of our credit risk strategy.

SoFi’s Credit team manages credit risk activities for our Loans and Credit Card products - including credit strategies / policies for new account origination and portfolio management, transaction authorization, collections / recovery strategies, and risk and operational data science and analytics. The team designs data driven strategies and policies to ensure the growth in credit exposure is consistent with the company’s risk appetite, and helps create products and experiences that put our members’ interests first. 

The Collections and Portfolio Management Director will be a critical part of the Credit Risk leadership team and will have responsibilities to analyze and evaluate data to develop and propose value added risk strategies, focusing across the credit lifecycle. The role will have tremendous opportunities to shape and contribute to the learnings, innovations and growth. She/he will work closely with the cross-functional partners such as Business Unit, Operations, Product and Engineering, Capital Markets and Risk, and will use business knowledge, sound judgment and analytical skills to help drive revenue, control risk, and enhance member experience.

Provide an independent assessment of the credit quality and the management of credit risk. In addition, they execute onsite and offsite 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 provides coaching and assistance to less experienced team members as part of reviews and activities. The Associate Director assists the Executive/Senior Director with the development of the Annual Plan and with changes in Policy and Procedure. They conduct Quality Assessment Reviews.

What you’ll do: 

• Credit Risk Strategy and Framework:
• Develop and refine the credit risk management strategy in alignment with business objectives and regulatory requirements.
• Implement and maintain a robust credit risk framework to identify, assess, and manage credit risk across the organization.
• Policy and Procedure Development:
• Lead the development and enhancement of credit risk policies and procedures.
• Ensure compliance with industry best practices and regulatory guidelines.
• Team Leadership:
• Build, lead, and mentor a high-performing credit risk team.
• Foster a culture of collaboration, innovation, and continuous improvement within the team.
• Stakeholder Engagement:
• Collaborate with first-line business units to understand their credit risk exposure and provide guidance on risk mitigation strategies.
• Interface with regulators, auditors, and other external stakeholders to communicate the effectiveness of the credit risk management program.
• Monitoring and Reporting:
• Im