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Financial Risk Lead

Company: Point Digital Finance, Inc.
Location: Carmichael
Posted on: November 19, 2022

Job Description:

LOCAL or REMOTEROLE OVERVIEWWe're seeking a talented Financial Risk Lead to join Point's growing team. You'll be the founding member of the risk team and lead efforts to build out credit, market, and prepayment risk management at Point. The ideal candidate brings extensive credit risk management experience and an exceptional analytical toolkit. You will build a world-class risk function at a fast-growing and mission-driven fintech company with truly innovative financial products. This is a highly visible role with significant autonomy and the opportunity to work across several teams.RESPONSIBILITIESLead efforts to identify, measure, monitor and control financial risks (e.G., credit, market, and prepayment) across our 3 product lines (i.E., Home Equity Investment, HELOC, and SEED).Formalize our risk appetite statement and develop comprehensive risk management policies and procedures.Assess portfolio-level exposure to financial risk via sensitivity analyses, stress tests, and loss forecasting. Work cross-functionally to establish the appropriate risk/return tradeoff and implement portfolio-level constraints.Continuously monitor for current and potential risks using quantitative (e.G., risk reporting suite) and qualitative methods. Analyze market and industry trends, identify potential macroeconomic risk factors, and incorporate them into our risk policy.Create a credit risk scoring model using advanced analytics tools and machine learning models, and help incorporate it into our underwriting process.Assess impact of financial risks on the optimal pricing strategy and work with others to optimize pricing.Help pave the path towards the first-ever credit rating agency-rated Home Equity Investment securitization.Operate as a player-coach while building your team over time.ABOUT YOU5+ years of leadership experience in an analytically-oriented financial risk role within a best-in-class risk management function.Extensive experience modeling credit risk and implementing risk controls in UW, pricing, and portfolio management.Adept analytically and technically. Extensive experience with Excel, SQL, and Python/R. Comfort with machine learning models and econometrics is preferred.Detailed understanding of credit rating agencies and their approaches to modeling risk.Familiarity with the regulatory and legal requirements for building decisioning models.Articulate communicator and cross-functional leader who is highly organized and detailed-oriented.Player-coach who is excited to get their hands dirty but also able to build and manage a small team.Bonus points for experience working in real estate/mortgage/home equity and at a fintech (or other fast-paced environment).ABOUT USOur Product" Point provides the opportunity to stabilize your financial situation without adding costly monthly payments." Homeowner in Burlingame, CAHere at Point, we're helping homeowners unlock the equity in their homes without taking on further debt. With an investment from Point, homeowners can de-leverage and diversify their wealth, freeing them up to invest in their business, renovate and maintain their home, eliminate debt, and tackle all of life's expenses from college tuition to medical bills. Our equity investment product is an advantageous alternative for homeowners and investors alike. When partnering with Point, investors now have access to a brand new asset class homeowner-occupied residential real estate. Point is the first fintech product that is truly aligned with consumers' interests when the homeowner does well, Point and its investors do well.Our TeamPeople firstAs a consumer fintech company, we embed integrity, transparency, and trust into everything we do at Point, including how we work. Whether you're a homeowner, investor, employee, or candidate, it's people who power our business. We keep the human experience top of mind.Experts at workWe're on a mission to help the 23 million equity-rich, but cash-constrained Americans tap into their home's wealth. To do so, we have experience and expertise in all areas of the business, especially at the helm. Point's leadership have previously founded TrialPay (acquired by Visa), Yub (acquired by Coupons.Com), Metails (acquired by Buy.Com), SiteAdvisor (acquired by McAfee), Affirm, SendGrid (acquired by Twilio), and TXN (acquired by Envestnet).Championed by the bestPoint announced its $115M Series C led by WestCap in May 2022. To date, we've raised over $170M from leading investors including Andreessen Horowitz, Prudential Financial, DAG Ventures, Ribbit Capital, Greylock, and SV Angel.PERKS AT POINTHealth InsurancePoint provides platinum-rated plans for medical (Anthem Blue Cross or Kaiser Permanente), dental (Delta Dental) and vision (The Standard). We cover 99% of employee premiums and 75% of dependent premiums.Generous VacationTake time for yourself and your family when you want Point has an unlimited vacation policy.Continued LearningWe encourage all team members to attend events hosted by our investors, external workshops and conferences. We believe in continuous improvement and want to support employees on their professional journeys.Family FriendlyPoint will top off state applicable PFL earnings, as well as two weeks of fully paid leave to be available after exhaustion of state PFL. In addition, employees will receive 4 weeks of fully paid transition time. For the first consecutive four weeks after returning to work following parental leave, and following exhaustion of all other paid leave benefits, the employee may work part-time, meaning two or three days per week, and will receive 100% of regular base pay.Work From Home StipendsWith employees working remotely, Point will provide employees a $50 monthly cell phone stipend and a $50 monthly internet stipend. In addition, we will reimburse up to $150 to help you purchase supplies for your home office.

Keywords: Point Digital Finance, Inc., Carmichael , Financial Risk Lead, Other , Carmichael, California

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