VP, Consumer & Counterparty Credit Risk

Who We Are

Cross River builds the infrastructure behind the world’s most innovative financial products. Our technology and capital solutions power payments, cards, lending, and digital asset capabilities that move money safely, instantly, and inclusively — trusted by leading fintechs, enterprises, and disruptors across the globe.

Our mission is simple: to build the financial infrastructure that expands access and opportunity for all. Guided by a culture of collaboration, curiosity, and purpose, Cross River has been named one of American Banker’s Best Places to Work in Fintech year after year. Whether you’re designing code, solving regulatory puzzles, or developing strategy, you’ll join a team where innovation and integrity drive everything we do — and where your work helps shape the future of finance.

What We're Looking For

Reporting into the Chief Credit Risk Officer, we are seeking a VP, Consumer Credit Risk & Counterparty who will be responsible for the 2nd line oversight of Consumer Credit Risk for retained Consumer Portfolios, Payments, and Structured Financing risk arising from lending against consumer assets to partners or settlement risk with payment processes.

The Head of Consumer Credit Risk will identify, assess, measure, and manage retained credit risk for consumer assets on CRB’s balance sheet. This person will also be responsible for conducting independent credit risk assessments for consumer assets originated through partners, providing effective challenge to first line teams and partner risk teams, and ensuring that significant risks are promptly identified and collateralized.

Responsibilities

• Monitoring and continued enhancement of the credit risk appetite framework as applied to consumer assets.
• Identify and develop credit risk metrics reporting (e.g., KRIs and KPIs) to continuously monitor and oversee risk of consumer assets
• Provide effective challenge to first line and partner risk teams through independent reviews of critical credit risk processes which includes underwriting, and portfolio management, collections, and recoveries.
• Independently review structured credit facilities offered to partners originating consumer assets.
• Ongoing monitoring of consumer loan retained portfolios
• Approval of limits and reserve settings
• Escalate issues and emerging risks in accordance with risk appetite program to Chief Credit Risk Officer and senior management

Qualifications

• 15+ years leadership experience in consumer life‑cycle risk management covering underwriting, portfolio management, collections, and recoveries.
• Experience in profitability‑based risk reward assessments (NPV) and use of model‑based assessment frameworks.
• Significant experience in unsecured closed end, and revolving products. Secured consumer product experience a plus.
• Experience in end to end prime‑sub‑prime portfolio management
• Experience with Payments, Nacha rules, and network chargeback rules.
• Familiarity with Stress Testing
• Strong business acumen with a risk‑reward control perspective.
• Familiarity with applicable consumer regulatory requirements.
• Demonstrated ability to successfully manage multiple priorities under pressure;
• Degree in quantitative or a related field

Salary Range: $200,000.00 - $250,000.00

Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non‑disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.