Director, Credit Risk Strategy

6 months ago

Toronto, Canada Flexiti Full time

**About Us**

Welcome to Flexiti, where affordability meets growth

We're Canada's top fintech lender, growing fast to make the life of Canadians more affordable. Our flexible financing options help boost sales for our retail partners. Our team of passionate individuals from around the world, believe in enjoying the journey and sparking creativity. If you want to be part of a community where your ideas matter, join us at Flexiti and let's make waves together

Flexiti is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., QuestEnterprise, Questrade Wealth Management Inc., CTC, Thinknsure Ltd., and Zolo Ventures Ltd.

**The perks**
- Competitive base pay, RRSP, and bonus plan.
- Comprehensive health, dental and vision benefits from the start date, including virtual healthcare.
- Time away including vacation time, wellness days, volunteer day, and extended holiday weekends in the summertime.
- Virtual and collaborative work environment - we provide the equipment
- GoodLife Fitness gym perks, EAP, and fun social events.
- Home office credit, referral program, a new vibrant office, and more

Flexiti Financial is looking for a Director, Credit Risk Strategy - Credit Adjudication. Reporting to the VP Credit and Fraud Risk Management, the Director will lead a team that leverages data and analytics to develop and execute credit adjudication strategies for Flexiti’s private-label and general-purpose credit card portfolios. These strategies will enable profitable growth while maintaining a portfolio loss profile that is consistent with Flexiti’s risk appetite.

This role partners closely with our enterprise partners in product, sales, technology, operations and customer experience to ensure a seamless customer and merchant experience and profitable revenue growth.

**Responsibilities**
- Lead a best-in-class credit risk management team that continuously improves credit adjudication and maximizes approval rates, minimizes customer friction and delivers profitable risk adjusted yield.
- Demonstrate strong leadership creating an employee culture of empowerment, encouragement, and on-going development.
- Provide mentorship to team members to excel in their roles and future opportunities.
- Develop and implement profitable Prime and Non-Prime credit adjudication strategies for Flexiti’s private-label and general-purpose credit card portfolios.
- Develop and maintain the code and supporting documentation for rules and calculations within the decision-engine.
- Manage key vendor relationships including the credit bureau and decision-engine provider.
- Develop, implement and monitor credit risk segmentation, risk-ratings and scores used in adjudication and pricing.
- Develop KPIs and implement reporting that provides insights into the credit risk of originations and detects emerging credit-related trends.
- Incorporate appropriated industry benchmarks into the portfolio reporting suite.
- Monitor, identify and escalate material credit risks and trends, taking ownership of action plans to mitigate losses.
- Produce actionable business insights through the analysis of data.
- Support Legal and Compliance to deliver AML and reporting regulatory requirements.
- Collaborate with a broad range of internal and external stakeholders including those in Risk Management, Software Development, Product Management and Operations.

**Qualifications**

***
- University Degree in a quantitative field, economics, business, engineering or equivalent.
- Combined minimum of 12+ years of experience analyzing credit card data, implementing credit risk strategies, and making strategic recommendations to senior management.
- Strong understanding of consumer credit card industry and products, credit card business fundamentals, knowledge of P&L reporting and the credit card lifecycle.
- Experience with credit card adjudication platforms, parameter settings and rules management.
- Experience with strategy development tools.
- Strong statistical knowledge with a proven track record of working with other business leaders from across the organization to drive analytically based strategies.
- Knowledge of credit card data and Key Performance metrics.
- Previous people management experience.

**Soft Skills**

***
- Someone who can work independently and likes to roll up their sleeves and get their hands dirty.
- Excellent communicator who will leverage strong oral and written communication skills to effectively present key findings to senior management and other team members.
- Possess strong analytical and problem-solving skills.
- Strong work ethic, curious and persistent determination in reviewing and reconciling variances.
- Highly organized, detail-oriented and can initiate proactively.
- Desire to take full ownership of deliverables and be accountable for results.

**Like what you have read so far? Learn more about us**
- Take charge of your future with Flexiti, where ambition and determination are c

  • Director, Credit Risk Strategy

    2 weeks ago

    Toronto, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...

  • Director Credit Risk

    1 month ago

    Toronto, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk ManagementOverviewOur client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases within...

  • Director Credit Risk

    1 month ago

    Toronto, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk ManagementOverviewOur client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases within...

  • Director Credit Risk

    1 month ago

    Toronto, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk Management Overview Our client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases...

  • Director, Credit Risk

    1 month ago

    Toronto, Canada Canada Infrastructure Bank Full time

    Careers- Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.Reporting to the...

  • Director, Credit Risk

    2 weeks ago

    Toronto, Canada Canada Infrastructure Bank Full time

    Careers Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in...

  • Director, Cards Credit Strategy

    3 weeks ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Director, Cards Credit Strategy will lead a team of credit strategists (Senior Managers and Managers) to optimize account management underwriting policies for RBC's retail credit card portfolio, the largest portfolio in Canada. The position is responsible to drive portfolio growth within risk appetite through developing innovative credit...

  • Director Credit Risk

    1 month ago

    Toronto, Ontario, Ontario, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk ManagementOverviewOur client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases within...

  • Director Credit Risk

    3 weeks ago

    Toronto, ON, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk Management Overview Our client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases...

  • Director Credit Risk

    3 weeks ago

    Toronto, ON, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk Management Overview Our client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases...

  • Associate Director, Credit Risk Strategy

    1 month ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **Application Deadline: November 29, 2024** **What is the opportunity?** In this role you will be responsible for managing credit risk strategies for the Caribbean credit portfolios including analyzing, developing, implementing and managing stakeholders. You will also support the Caribbean business targets for balance growth, new account...

  • Manager, Credit Risk Strategy

    7 months ago

    Toronto, Canada Rogers Communications Full time

    Looking to join a growing financial services team? Rogers Bank, a subsidiary of Canada's leading wireless, cable and media company, is expanding and seeking passionate individuals to develop and implement innovative financial solutions and experiences. The bank offers unique cash-back benefits and financing options for Rogers purchases using cutting-edge...

  • Director, Credit Risk Management

    3 weeks ago

    Toronto, ON, Canada BJRC Recruiting Full time

    Director, Residential Mortgage Credit Risk Management Our client, a leading financial institution in Toronto is seeking an experienced Director for the oversight of residential mortgage lending (RESL) activities, including quantitative portfolio analysis. This individual will be responsible for approving policy exceptions and mortgage purchases within...

  • Associate Director, Cnb Credit Risk Analytics

    3 weeks ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Associate Director, CNB Credit Risk Analytics, will develop credit risk analytics tools including data-driven credit decisioning strategies and risk metrics to support credit risk management for City National Bank’s (CNB) Wholesale and Retail portfolios. You will use analytics to create a data mart from enterprise databases. The data...

  • Director, Credit Risk Management

    6 months ago

    Toronto, Canada Home Trust Company Full time

    Company Profile Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer...

  • Director, Credit Risk Management

    2 months ago

    Old Toronto, Canada Flexiti Financial Full time

    h3>Director, Credit Risk Strategy - Credit AdjudicationTuesday, October 15, 2024Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

  • Associate Director, Credit Risk Strategy

    1 month ago

    Toronto, Canada Royal Bank of Canada> Full time

    Job SummaryJob DescriptionApplication Deadline: November 29, 2024What is the opportunity?In this role you will be responsible for managing credit risk strategies for the Caribbean credit portfolios including analyzing, developing, implementing and managing stakeholders.  You will also support the Caribbean business targets for balance growth, new account...

  • Director, Credit Risk

    4 weeks ago

    Toronto, Canada Neo Financial Full time

    **_Come Build a Better Financial Future for all Canadians_** At Neo, we’re building a more rewarding financial experience for all Canadians. Life at a rapidly expanding tech startup is demanding, exhilarating, and not for everyone. From world-class creative minds to brilliant engineers, it's high-performing people that make Neo a workplace with passion...

  • Associate Director, CNB Credit Risk Analytics

    3 weeks ago

    Toronto, Canada RBC Full time

    Job Summary The Associate Director, CNB Credit Risk Analytics, will develop credit risk analytics tools including data-driven credit decisioning strategies and risk metrics to support credit risk management for City National Banks (CNB) Wholesale and Retail portfolios. You will use analytics to create a data mart from enterprise databases. The data mart...

  • Director, Credit Risk Oversight

    6 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 201178 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Director, Credit Risk Oversight & Analytics, Small Business, Global Risk Management, is liable for providing leadership and key oversight on the evaluation and decisions made on credit score and policy changes across the credit...