Job description

Varo is a mission oriented group of bankers and technologists who are challenging the banking status quo. We believe that financial institutions should provide great products, services, and education to everyone, not just the affluent. Join us to change the future of banking.

The Chief Credit Officer (CCO), Varo Bank is a critical leadership position reporting to the Chief Risk Officer, in the independent risk function. The CCO is accountable for the oversight and effective challenge of all credit and related activities as we scale our Lending business, consistent with Varo’s Credit Risk Appetite. In pursuit of this goal, the CCO will partner closely with our business partners and interface broadly with executive management, the Board of Directors and the regulatory bodies.

What you'll be doing

Use your deep credit risk management expertise to drive innovation and execution in Varo’s credit and related activities (e.g. collections)

Provide critical leadership for the independent credit function; ensure the appropriate skills and capabilities are resident on the team

Provide insight and expertise, cross-functionally, to support Varo’s strategic roadmap; particularly the expansion of Varo’s bespoke credit products

Ensure Varo’s credit products are performing as expected in terms of revenues, credit losses, and profitability

Interface with Compliance to ensure Varo’s credit products are in compliance with all consumer protections. Collaborate on Fair Lending analysis

Chair the Credit Risk Management Committee, where all credit and related policies, programs, and approvals are governed.

Provide management reporting to the Risk Management Committee of the Board of Directors on credit performance and initiatives. Own the Credit Risk stripe in Varo’s Risk Appetite Framework

Lead the Enterprise Risk Analytics team to provide actionable risk analytics; effectively administer the Model Risk Management program

Collaborate with Finance on credit loss provisioning to ensure provisions are adequate and appropriate. Accommodate the credit product roadmap in our provisioning methodologies

Bring insight and perspective broadly, to the development of Varo’s risk & control culture and leadership behaviors

You'll bring the following required skills and experiences

You possess 15+ years of credit expertise gained from a diverse lending background including non-prime segments and digital channels

Demonstrable understanding of credit operations across the credit lifecycle

Exceptional analytical skills with the ability to conceptualize experimentation and analysis to drive tactical execution and strategic direction

Ability to influence and effect change across the organization; willingness to consider alternative views and compromise as necessary to drive performance with stakeholders across the organization

Sufficient gravitas to successfully represent management with the Board of Directors and the various regulatory bodies

You have an owner's mentality and are energized to be joining at the growth stage of a promising start-up with an exceptional mission

Required profile