Unlock’s mission is to unleash the power of home equity to enrich people’s lives. We do this through a financial solution called a Home Equity Agreement or HEA, an entirely new way to access and utilize home equity. We’re not a lender, so there are no interest charges or monthly payments and homeowners with poor credit or high levels of debt can still qualify. We're beyond passionate about helping our customers build greater financial resiliency. We are mission driven, consumer centric and our products are designed for the way homeowners want to live their lives today - with flexibility and control.
About the role
We are looking for a highly analytical and proactive Director of Credit Risk (DCR) who is eager to take on a hands-on role (including performing analyses), overseeing credit risk strategies, and helping shape the future of our risk management operations.
As the DCR, you will play a pivotal role in driving credit risk strategies, policies, and performance analysis for our growing portfolio. This is an exciting opportunity for a seasoned Credit Risk Manager or a very strong Credit Risk Analyst looking to step up into a leadership role while staying actively involved in the day-to-day management of credit risk, including performing in-depth analyses. You will lead efforts to build and optimize credit decision models, enhance portfolio performance, and ensure robust risk management practices.
What you'll do
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- Credit Risk Analysis & Modeling: Lead the development and refinement of credit risk models using data-driven insights to enhance underwriting, risk mitigation, and decision-making processes
- Portfolio Monitoring & Performance: Proactively monitor credit risk exposures, portfolio performance, and delinquency trends, making data-driven recommendations to optimize portfolio health
- Risk Strategy Development: Collaborate with senior leadership to design, implement, and maintain credit risk strategies that align with business growth objectives
- Underwriting & Credit Policies: Fully responsible for maintaining current credit policy, including ensuring alignment with credit risk appetite and maintaining market-viable offerings. Review and update underwriting policies, ensuring they remain in line with evolving market conditions, regulatory requirements, and business objectives
- Credit Risk Reporting: Develop and maintain detailed reporting on credit performance, key risk indicators, and portfolio health for internal and external stakeholders
- Collaboration with Cross-Functional Teams: Work closely with product, data science, compliance, and technology teams to embed risk management into all phases of product and service delivery
- Regulatory Compliance: Ensure that all credit risk practices comply with relevant regulations and internal risk management policies.
- Governance: Prepare Credit Risk Committee materials and provide expert level credit risk perspective and input
What we're looking for
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- 8+ years of experience in credit risk analysis or management, preferably within a fintech, banking, or financial services environment
- Experience in Residential Mortgage, Home Equity Lending, HELOC’s, or Home Equity Agreements (HEA’s)
- Strong quantitative and analytical skills with experience in credit risk modeling, data analysis, and portfolio management
- Proficiency in working with large datasets and statistical tools (e.g., Python, R, SQL, or similar)
- In-depth knowledge of credit scoring models, risk metrics, and regulatory requirements
- Ability to translate complex data into actionable insights and present findings clearly to stakeholders
- Strong problem-solving skills and the ability to make data-driven decisions under pressure
- A collaborative mindset with excellent communication skills to work across various teams
- A passion for fintech innovation and a desire to be part of a fast-paced, evolving company
- Experience in a hyper growth fintech or lending environment
- Familiarity with traditional and alternative data sources for credit risk assessment
- Advanced degree in finance, economics, statistics, or a related field
What we offer
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- Opportunity to lead credit risk management in a rapidly growing fintech
- Dynamic and inclusive work environment that fosters innovation and growth
- Competitive compensation package
- Ongoing professional development and career advancement opportunities
- Flexible work arrangements and a strong emphasis on work-life balance
Target base compensation is $150,000 annually. Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, Unlock's Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options and paid time off.
Unlock is an equal opportunity employer. We evaluate qualified applicants without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances.
Top Skills
What We Do
Unlock helps everyday American homeowners that have been left behind by the traditional home and finance system. While there are many ways to tap home equity, a home equity agreement (HEA) from Unlock is unique because it was designed to help families solve their financial challenges, and in doing so help them live more successful financial lives
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