Credit Risk Manager

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.

Varo Bank is looking for a Credit Strategy leader to help expand access to credit and launch new products to our customer base. Varo Bank is building products that will fundamentally change the way consumers use mobile banking products and revolutionize the banking system as we know it. We’re looking for candidates who will apply the same level of zeal for innovation and creativity to the development of our lending business. You will collaborate across a number of teams including product, marketing, engineering, finance, compliance, operations, and legal to ensure Varo’s credit offerings are best in class.

• Design and launch new credit products, build monitoring, and track performance against expectations 
• Develop and optimize credit policy to improve profitability, customer experience, and consumer access to credit
• Create and present analysis to key stakeholders and executives. Examples include identifying underlying reasons for variance from expectations, understanding changes in portfolio performance, and evaluating profitability impacts

• Analyze and evaluate potential vendor/data providers for incremental value in credit management strategies 
• Using a combination of technical reporting tools (such as SQL, Python, R, or SAS) and advanced Excel skills to analyze data to quantify performance, cost, and effectiveness for areas such as loan performance and strategic initiatives

• 4 years of experience building/managing credit strategy preferably in consumer lending
• Strong understanding of credit risk management in the areas of origination, account management, and collections, including traditional and alternative data 
• Strong analytical skills with the ability to identify problems/opportunities and propose data-driven solutions
• Master’s or Bachelor’s Degree in Computer Science, Economics, Math, Statistics, Engineering, Business Administration, or other quantitative-related fields that are data-driven
• Excellent verbal and written communication skills with strong attention to detail
• Ability to manage several projects simultaneously and drive end-to-end project delivery
• First principles thinking & customer obsession

#MidSenior

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re 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 make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, 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.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better

Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank

Twitter - https://twitter.com/varobank

Engineering Blog - https://medium.com/engineering-varo

SoundCloud - https://soundcloud.com/varobank

Varo is an equal opportunity employer. Varo embraces diversity and we 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. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.

CCPA Notice at Collection for California Employees and Applicants:

https://varomoney.box.com/s/q7eockvma9nd2b0utwryruh4ze6gf8eg