Director, Financial Risk

Location

KOHO (CAN)

Full time

Remote

Risk & Compliance

• Budgeted range for this job CA $180K – CA $240K

At KOHO, we are dedicated to providing pay transparency to all candidates. Compensation at KOHO is determined through various factors including but not limited to: comparable salary market data within Canada, technical skill assessment, a holistic view of previous work history, and internal pay equity with other KOHO team members.

• Opportunity to shape the future of fintech and financially empower a generation of Canadians
• Competitive compensation & equity
• Fantastic, Deeply Engaged Team
• Generous vacation + Wellness days + Flex Days + holiday closure
• Remote-first environment + coworking support + yearly all hands retreat
• Access to coaching & growth programs
• Parental top-up & leave policies
• Comprehensive health benefits
• Power‑up budgets for books, home office setup, phone & internet, AI tools, and professional development

We’re on a mission to make financial services better for every Canadian. That means no hidden fees, no predatory interest rates – just financial products designed to help our users spend smart, save more, and build real wealth. We’re a performance organization with a strong heart: we care deeply about outcomes, and everything ties back to our mission – to financially empower a generation of Canadians.

At KOHO, we’re not your average 9‑5. We believe real impact comes from people who are trusted, empowered, and supported to do their best work – without sacrificing their lives to do it. We prioritize work‑life integration, not just work‑life balance. That means asynchronous collaboration, flexible hours, and a remote‑first setup built around autonomy and high trust.

KOHO is entering its next chapter – leaner, smarter, more AI‑integrated. We’re building for impact, not bureaucracy. If you thrive in environments that value clarity, ownership, and bold thinking, you’ll fit right in.

KOHO is looking for a Director, Financial Risk to lead the strategy and analytics efforts within our financial risk management function. In this pivotal role, you will oversee both Credit Risk and Non‑Credit Financial Risk (including Market and Liquidity Risk), managing a team of people managers and experts to safeguard KOHO’s financial health while enabling sustainable growth.

Working closely with Product, Finance, Technology, and Data teams, you will lead a team of financial risk subject matter experts in the development and implementation of analytical frameworks that drive our risk decisions and ensure regulatory compliance. In addition to being the financial risk SME in the development of risk and valuation models, you will have end‑to‑end ownership for risk appetite metrics and loss forecasting, IFRS 9 provisioning, and portfolio monitoring.

You will also provide “effective challenge” and decision governance across the organization.

• Manage and mentor a high‑performing team of people managers and individual contributors across all Financial Risk domains.
• Foster a culture of rigorous analysis, ownership, and continuous improvement.

• Decision Governance:
  Establish and maintain robust decision governance frameworks for key business decisions with Financial Risk impact, ensuring that they align with KOHO’s risk appetite.
• Effective Challenge:
  Provide “effective challenge” on decisions impacting financial risk, such as model development and performance monitoring activities by Tech/Data Science, financial risk‑related inputs to stress testing provided by first‑line teams, or new product or marketing initiatives proposed by Product.
• Risk Appetite:
  Oversee and recommend the frameworks for assessing and measuring our financial risk appetite, lead the financial risk appetite approval process by senior leadership and the board, and lead the development and monitoring of the risk appetite metrics.
• Policy:
  Lead governance for financial risk policies including credit policy, across product portfolios, monitor for behavior trends and shifts, and use monitoring results…