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Managing Director, Credit Risk (2nd Line of Defense)
Best EggWilmington, United Statesfull_timeVerifiedPosted 5 Feb 2026
About the role
Best Egg is a market-leading, tech-enabled financial platform helping people build financial confidence through a variety of installment lending solutions and financial health tools. We aim to help customers make smart financial decisions and stay on track, so they can be money confident no matter what life throws at them.We offer top-tier benefits and growth opportunities in a culture built on our core values:
Put People First – We foster an inclusive, flexible, and fun workplace.Create Clarity – Open communication drives trust and results.Get Things Done – We focus, prioritize, and deliver with excellence.Deliver with Heart – We lead with kindness, humility, and strong teamwork.Listen to Our Customers – Their needs drive our innovation. Barclays has entered into an agreement to acquire Best Egg with closing expected to take place in Q2 2026. This acquisition will give us the resources and capital to continue on our mission and drive our strategy forward. With an aligned culture, lower cost of funds, and increased employee growth opportunities across a global brand, we are excited about the future of the Best Egg brand under the Barclays umbrella.We are looking for collaborative, innovative team players who like to solve problems. There will also be immense opportunities for those willing to dive in. If you're inspired by growth and want to make a real difference, Best Egg is the place for you.
We’re proud to be an equal opportunity employer committed to building a diverse, inclusive team.
Managing Director, Credit Risk (2nd Line of Defense)
Overview
The Managing Director, Credit Risk serves as the independent executive responsible for second-line oversight of consumer credit risk across the company’s secured and unsecured lending products. Operating within the Second Line of Defense, this leader establishes and maintains the credit risk governance framework, defines credit risk appetite and underwriting guardrails , and provides independent challenge to credit decisioning and portfolio performance.. The role partners closely with Credit, Product, Analytics, Finance, Compliance, and executive leadership to ensure that credit risk-taking activities align with the enterprise risk expectations and meet applicable consumer protection and regulatory expectations. This leader is a key advisor to senior management and the Board, providing transparent reporting, escalation of emerging risks, and credible engagement with stakeholders while supporting responsible, sustainable growth.
Reporting RelationshipReports to the Chief Legal Officer. Provides regular updates and recommendations to senior management and the Board (or Board Risk Committee) on credit risk posture, emerging risks, and portfolio resilience.
Posting requirements:Internal and external candidates: Posting from 2/9/26 - 2/13/26Internal candidates eligible to post: Levels: 109, 208 - 209, 307 - 308, 400.
Key Responsibilities:
Credit Risk Ownership & OversightEstablish and maintain credit risk appetite, lending guardrails, and buy-box frameworks, including thresholds for approval rates, loss, concentration, and portfolio mix.Independently review, assess, and challenge all material credit strategy, policy, and model changes proposed by the First Line of Defense for conceptual soundness, empirical support, and alignment with risk appetite.Ensure compliance with internal policies, regulatory expectations, and model risk management standards.
Portfolio Risk Monitoring & AnalyticsIndependently analyze portfolio performance across products, segments, channels, and vintages, including early warning indicators, loss emergence, and tail risk.Conduct end-to-end credit risk assessments, incorporating underwriting, customer management, collections, and recovery outcomes.Monitor consumer behavior trends, macroeconomic indicators, and external risk signals to identify current and emerging credit risks.Partner with Finance and Analytics to review loss forecasts, stress scenarios, and capital/liquidity implications.
Downturn Preparedness & PlaybooksOwn the development, maintenance, and governance of recession, credit tightening, and liquidity playbooks.Define leading indicators, triggers, and thresholds that inform when credit tightening or risk mitigation actions are required.Regularly test and refresh stress scenarios to ensure portfolio resilience under adverse economic, consumer, or geopolitical conditions.Provide clear, actionable recommendations to senior leadership during periods of stress or uncertainty.
Independent Challenge & Risk MitigationIdentify key areas of elevated or emerging risk and work collaboratively with the First Line of Defense to mitigate risk while preserving business objectives.Ensure material r
Put People First – We foster an inclusive, flexible, and fun workplace.Create Clarity – Open communication drives trust and results.Get Things Done – We focus, prioritize, and deliver with excellence.Deliver with Heart – We lead with kindness, humility, and strong teamwork.Listen to Our Customers – Their needs drive our innovation. Barclays has entered into an agreement to acquire Best Egg with closing expected to take place in Q2 2026. This acquisition will give us the resources and capital to continue on our mission and drive our strategy forward. With an aligned culture, lower cost of funds, and increased employee growth opportunities across a global brand, we are excited about the future of the Best Egg brand under the Barclays umbrella.We are looking for collaborative, innovative team players who like to solve problems. There will also be immense opportunities for those willing to dive in. If you're inspired by growth and want to make a real difference, Best Egg is the place for you.
We’re proud to be an equal opportunity employer committed to building a diverse, inclusive team.
Managing Director, Credit Risk (2nd Line of Defense)
Overview
The Managing Director, Credit Risk serves as the independent executive responsible for second-line oversight of consumer credit risk across the company’s secured and unsecured lending products. Operating within the Second Line of Defense, this leader establishes and maintains the credit risk governance framework, defines credit risk appetite and underwriting guardrails , and provides independent challenge to credit decisioning and portfolio performance.. The role partners closely with Credit, Product, Analytics, Finance, Compliance, and executive leadership to ensure that credit risk-taking activities align with the enterprise risk expectations and meet applicable consumer protection and regulatory expectations. This leader is a key advisor to senior management and the Board, providing transparent reporting, escalation of emerging risks, and credible engagement with stakeholders while supporting responsible, sustainable growth.
Reporting RelationshipReports to the Chief Legal Officer. Provides regular updates and recommendations to senior management and the Board (or Board Risk Committee) on credit risk posture, emerging risks, and portfolio resilience.
Posting requirements:Internal and external candidates: Posting from 2/9/26 - 2/13/26Internal candidates eligible to post: Levels: 109, 208 - 209, 307 - 308, 400.
Key Responsibilities:
Credit Risk Ownership & OversightEstablish and maintain credit risk appetite, lending guardrails, and buy-box frameworks, including thresholds for approval rates, loss, concentration, and portfolio mix.Independently review, assess, and challenge all material credit strategy, policy, and model changes proposed by the First Line of Defense for conceptual soundness, empirical support, and alignment with risk appetite.Ensure compliance with internal policies, regulatory expectations, and model risk management standards.
Portfolio Risk Monitoring & AnalyticsIndependently analyze portfolio performance across products, segments, channels, and vintages, including early warning indicators, loss emergence, and tail risk.Conduct end-to-end credit risk assessments, incorporating underwriting, customer management, collections, and recovery outcomes.Monitor consumer behavior trends, macroeconomic indicators, and external risk signals to identify current and emerging credit risks.Partner with Finance and Analytics to review loss forecasts, stress scenarios, and capital/liquidity implications.
Downturn Preparedness & PlaybooksOwn the development, maintenance, and governance of recession, credit tightening, and liquidity playbooks.Define leading indicators, triggers, and thresholds that inform when credit tightening or risk mitigation actions are required.Regularly test and refresh stress scenarios to ensure portfolio resilience under adverse economic, consumer, or geopolitical conditions.Provide clear, actionable recommendations to senior leadership during periods of stress or uncertainty.
Independent Challenge & Risk MitigationIdentify key areas of elevated or emerging risk and work collaboratively with the First Line of Defense to mitigate risk while preserving business objectives.Ensure material r
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