Head of Risk

**About Spring Financial**

Spring Financial is revolutionizing financial access for Canadians by offering smart credit-building, mortgage, and lending solutions. Millions of Canadians face high-interest debt and limited financial options — we’re here to change that. As one of the country’s fastest-growing fintech companies, we help over 1 million customers each year explore their financing options easily — whether online, via text, or over the phone. Our dynamic, innovative team thrives on collaboration, growth, and making a real impact.

We believe every Canadian deserves access to credit, and we’re building smarter lending products to make that happen. With millions of applicants and industry-leading growth, we’re now launching our Prime Lending vertical — and we need a visionary to lead the risk strategy from the ground up.

**The Opportunity**

We’re looking for an experienced **Head of Risk** to build, deploy, and own the credit risk strategy for our new **Prime and Non-Prime unsecured personal loan product**. This is a high-impact leadership role reporting directly to the CEO and collaborating closely with the CFO and executive team.

If you’re a data-driven leader with deep expertise in creating, deploying, monitoring and refining credit models, underwriting guidelines, evaluating loan performance** and credit risk governance**, this is your opportunity to shape a core product at one of Canada’s fastest-growing fintechs.

**What You’ll Be Doing**:

- **Own the end-to-end credit risk lifecycle** for our unsecured installment product - from model design, model categorization/scoring implementation, validation, and on-going monitoring
- Build and deploy **underwriting models** (PD, LGD, behavioral scorecards) for all applicants across the credit spectrum
- Translate complex regulatory requirements (BASEL, IFRS 9, CECL, etc.) into practical modelled solutions
- Develop frameworks for **credit strategy, pricing, credit limit management, and collections**:

- Leverage AI/ML techniques to enhance the predictive power and enhance underwriting models
- Design and manage **ongoing model monitoring**, including delinquency tracking, static cohort performance, roll rates, and payment performance
- Build and maintain a stress testing environment to allow for ad hoc and periodic assessment for a range of potential macroeconomic and idiosyncratic risks
- Lead **data analytics and forecasting** to identify trends and optimize portfolio performance
- Oversee model governance and ensure compliance with internal policies and regulatory expectations
- Deliver regular risk reports and strategic insights to the **CEO, CFO, and executive leadership team**:

- Build, mentor, and scale a high-performance credit risk and analytics team as the Prime vertical grows

**What You Should Already Have**:

- 7+ years of experience in **credit risk modeling**, ideally across banking, fintech, and consulting, with particular emphasis in statistical modeling techniques and machine learning algorithms applied to credit risk for credit lifecycle management (adjudication, account management, collections), scoring and allowance calculations (e.g. IFRS 9)
- Designations such as CFA, FRM, or CRMP are preferred and will be considered a strong asset.
- Strong track record building and deploying **Probability of Default (PD), Loss Given Default (LGD),**and **Exposure at Default (EAD) models** in unsecured lending
- Proficiency in program languages and data visualization tools like **Python, SQL, SAS, MATLAB, AWS SageMaker, Databricks, Tableau, Power BI**:

- Demonstrated success in **portfolio optimization**, collections strategy, and model monitoring
- Experience with **IRB models**, risk-weighted assets (RWA), and capital efficiency is a strong asset
Excellent communication and executive reporting skills
- A strategic mindset with the ability to **balance risk and growth goals**:

- Bachelor's or Master’s in Statistics, Mathematics, Economics, Finance, or quantitative discipline or related field

**Why Join Spring**
- Lead risk for a **brand-new Prime and Non-Prime Lending initiative** with full executive support
- Work with a **high-performing fintech team** on a mission to democratize credit for everyday Canadians
- Opportunity to shape the **next chapter of an up-and-coming consumer lending in Canada**

**What We Will Give You**:

- Competitive annual salary ranging from **$140,000 to $300,000**, reflective of experience and impact.
- Hybrid work environment based out of our **downtown Vancouver**:

- Comprehensive benefits package, including extended health, dental, and vision coverage — with 100% of monthly premiums covered by the Spring.
- GRSP matching program to support your long-term financial goals.

**This is a truly exciting time to join Spring Financial and we are looking forward to doing great things together