Credit Risk Governance Director, Small Business Banking

Credit Risk Governance Director, Small Business Banking
We are seeking a seasoned credit risk leader to develop, oversee, and continuously improve the risk governance framework for Small Business Banking products. This leadership position requires a strategic thinker with extensive experience in credit risk, small business banking and money movement, a solid understanding of FinTech operations, and the ability to lead a high-performing team. The successful candidate will collaborate closely with crossfunctional teams to ensure the continued success of our credit risk strategy. This role will establish and maintain risk policies, controls, reporting, and oversight mechanisms that ensure sustainable growth, regulatory compliance, and robust risk management across all small business banking products, including lending products.
Risk Governance & Framework Development
Design, implement, and maintain a comprehensive risk governance framework for Small Business Banking
Provide oversight across risk types for all product and feature launches as well as partner with 1LOD risk owners on ensuring we are appropriately identifying, monitoring, and mitigating risks as part of our framework programs as we scale and grow this business
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
Portfolio Risk Management
Monitor portfolio performance, early warning indicators, and key risk metrics; Analyze macroeconomic data for business impact forecasts, trend analysis, and stress scenarios 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/smallticket lending segments
~ Deep understanding of smallbusiness 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 specifically with stress testing, model analytics, benchmarking, and review/challenge functions
~ Demonstrable ability to provide robust oversight, review, and challenge of risk management processes, portfolio risk reports, and credit data
~ Comprehensive understanding of credit analysis, counterparty risk, risk measurements, and portfolio stress testing. Knowledge of scenario design, sensitivity shocks, macroeconomic variables, and the risk identification process. Proficiency in using risk management tools and exposure monitoring processes
~ 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 (40 or over), 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. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com. Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.