Credit Risk Governance Director, Small Business Banking

Credit Risk Governance Director, Small Business Banking

Frisco, TX – Base pay range: $160,000 – $275,000 per year.

This role will develop, oversee, and continuously improve the risk governance framework for Small Business Banking products. The position requires a strategic thinker with extensive experience in credit risk, small business banking, money movement, Fin Tech operations, and the ability to lead a high‑performing team. The successful candidate will collaborate closely with cross‑functional teams to ensure the continued success of our credit risk strategy.

• Design, implement, and maintain a comprehensive risk governance framework for Small Business Banking.
• Provide oversight across risk types for all product and feature launches and partner with 1
  
  LOD risk owners to ensure appropriate risk identification, monitoring, and mitigation.
• Oversee credit risk policies, underwriting standards, credit guidelines, and portfolio management procedures.
• Establish governance routines, including reporting to risk committees.
• Challenge and validate new account strategies to minimize risk.
• Assist with regulator/auditor requests and remediation plans.
• Monitor portfolio performance, early warning indicators, and key risk metrics; ensure timely escalation of issues.
• Analyze macroeconomic data for business impact forecasts, trend analysis, and stress‑scenario viability.
• Recommend strategy adjustments based on performance results, market conditions, and regulatory developments.

• 10+ years of experience in credit risk management, underwriting, or risk governance in Small Business Lending or adjacent commercial/small‑ticket lending segments.
• Deep understanding of small‑business banking and credit products, including term loans, lines of credit, SBA loans, merchant cash products, checking or embedded finance.
• Strong knowledge of regulatory frameworks (ECOA, Fair Lending, UDAAP, SBA SOPs) and portfolio risk management practices.
• Experience with stress testing, model analytics, benchmarking, and review/challenge functions.
• Proven ability to provide robust oversight, review, and challenge of risk management processes, portfolio risk reports, and credit data.
• Comprehensive understanding of credit analysis, counter party risk, risk measurements, portfolio stress testing, scenario design, sensitivity shocks, macroeconomic variables, and risk identification process.
• Proficiency using risk‑management tools and exposure‑monitoring processes.
• Exceptional analytical, communication, and executive presence skills.

The base pay range for this role is listed above. Final base pay will be determined based on individual factors such as experience, skills, and location. All employees and applicants are eligible for a comprehensive benefits package. For full details, visit the Benefits page.

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age, physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records. New York applicants:
Notice of Employee Rights. SoFi is committed to an inclusive culture and offers reasonable accommodations to candidates with physical or mental disabilities. Remote work is not available for Hawaii or Alaska. Current employees should navigate the internal job board for openings.