Vice President of Risk

Role Purpose

Role

Summary:

The Vice President, Risk owns Clicklease’s enterprise credit risk function, defining risk strategy, governance, and decisioning frameworks that protect portfolio performance while enabling sustainable, risk‑adjusted growth.

• Own and evolve enterprise credit risk strategy, including risk appetite framework and credit policy across origination, portfolio management, and loss mitigation.
• Lead and develop the Credit Risk organization through the Director of Credit Risk, ensuring scalable team structure and performance.
• Define and operationalize enterprise credit decisioning strategy across approvals, pricing, and controls (including PD, LGD, CNL forecasting, BAV scoring, and fraud/identity models) in partnership with Data Science and Engineering.
• Own portfolio governance, including vintage performance, delinquency trends, loss forecasting, and concentration risk management, with proactive identification and intervention on emerging risks.
• Accountable for credit performance and risk representation to banking partners, auditors, and regulators, including covenant reporting and risk communication.
• Ensure compliance with fair lending and regulatory requirements, including ECOA, FCRA, and adverse action requirements, with defensible decisioning practices.
• Own and scale a test‑and‑learn program to optimize approval, pricing, and risk outcomes with disciplined measurement and rollout.
• Partner with Finance and executive leadership on forecasting, CECL/ECL reserves, stress testing, and capital planning.

• Define and enforce enterprise credit risk strategy and decisioning frameworks critical to portfolio performance and company growth.
• Analyze and interpret complex financial and credit data to inform strategic decisions and risk governance.
• Lead and manage a multi‑layered risk organization, including performance management, hiring, and development.
• Communicate risk performance, strategy, and recommendations to executive leadership, lenders, and the Board.
• Ensure adherence to regulatory, compliance, and data security requirements across all credit activities.
• Utilize technology platforms and analytical tools to monitor performance and implement risk strategies.
• 15+ years of experience in credit risk within consumer, small business, or specialty finance lending.
• 5+ years of experience leading managers or senior‑level teams.
• Experience owning credit strategy, including policy design, implementation, and performance management.
• Experience performing credit risk analytics, including loss forecasting and portfolio analysis.
• Experience using SQL and either Python or R for data analysis.
• Experience working with banking partners, auditors, or regulators on credit risk matters.
• Experience leading and scaling teams in a high‑growth or complex environment.
• Bachelor’s degree in a quantitative field or equivalent practical experience.

• Experience in indirect lending, dealer‑originated finance, or equipment leasing.
• Experience with CECL/IFRS 9, stress testing, or capital planning.
• Familiarity with fair lending regulations and disparate impact analysis.
• Experience with BI tools such as Tableau or Sigma.
• Experience managing third‑party data or decisioning vendors.

Key Performance Indicators (KPIs):

• Portfolio performance maintained within defined risk appetite (loss, delinquency, and vintage targets) while enabling sustainable growth.
• Risk‑adjusted growth improvements through optimized approval rates, pricing, and yield without exceeding defined loss thresholds.
• Forecast accuracy across loss, delinquency, and portfolio performance metrics.
• Clean audit, regulatory, and covenant outcomes with no material findings.
• Scalable team structure with reduced single points of failure.

What Success Looks Like (First 6 Months):

• Established ownership of risk strategy, governance, and portfolio oversight with executive alignment.
• Delivered measurable improvements in credit decisioning, approval strategy, or portfolio insights.
• Implemented clear reporting and visibility into portfolio health, forecast accuracy, and emerging risks.
• Strengthened team structure, documentation, and cross‑functional alignment.

• Credit risk strategy and policy design.
• Portfolio analytics and forecasting.
• Regulatory compliance and governance.
• Executive communication and stakeholder management.
• Organizational leadership and team development.