Business Risk Management Associate, Avant
3 days a week in office
Personal credit FinTech
Open for applications
Personal credit FinTech
501-1000 employees
Open for applications
3 days a week in office
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- We are looking for an entrepreneurial, self-driven candidate who is passionate about the function of Risk Management and interested in making a difference
- If you're looking for an opportunity to join a great team where you can be yourself, deepen your skills and experiences, and have the flexibility and access to find new areas of inspiration, then consider a career at Avant on the Business Risk Team
- Familiarity with operational risk management concepts and practices, and ability to deliver insights and recommendations to leadership stakeholders
- Experience in querying and analyzing large datasets on a regular basis to assess scope and impact
- A collaborative and cross-functional skillset with the ability to develop working relationships with business and functional partners
- Strong collaboration and cross-functional skill set with the proven ability to develop effective working relationships with business and functional partners to influence decisions
- Experience with project management and the ability to independently manage multiple priorities while delivering a quality work product
- A strong moral compass and a commitment to high ethical standards
- Bachelor’s degree in Finance, Business Administration, Accounting, or comparable experience
- 2+ years of work experience in Risk Management, Audit, Compliance, or Project Management capacity
- 2+ years of experience on projects within a complex business environment preferred
- 1+ years of experience with SQL preferred
- Advanced Microsoft Office skills required
- This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you’re fully vaccinated upon your start date or before working in or visiting our Chicago office
- You’re considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination. Subject to applicable law and requests for accommodation
What the job involves
- Avant is adding to our Business Risk Team in Chicago!
- This person will be responsible for contributing to our Issues Management program and supporting risk mitigation activities across the enterprise
- Drive Avant’s Corrective Action program forward by reviewing and reconciling internal and external risk incidents/loss events to ensure that incidents are addressed in a timely manner consistent with incident management response standards
- Develop close partnerships across lines of business and drive discussions with business stakeholders to ensure that key risks are properly identified, managed and mitigated
- Document and develop front-line controls, identify emerging risks and material enterprise-wide risk issues
- Create strong documentation surrounding risk identified in Avant operations and develop front-line controls in partnership with key stakeholders to ensure risk mitigation in the future
- Support change management for new products, business initiatives and strategies, and assess impact on the division’s risk profile to ensure a consistent customer focus through Avant operations
- Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency across the organization
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are based on machine learning and a large database to manage their risk. The business has issued over $8 billion in loans to date.
The company offers a quick credit decision and speedy access to any allotted funds. It paired up with Zero Financial in 2021, expanding its business to the digital banking space. It plans to offer a whole suite of products in a single platform, such as loans, credit cards, and deposits.
Many fintechs are looking at ways to remove the traditional barriers that people with low credit scores face when trying to take out loans. Avant is not alone in this space, but by expanding its offering to banking products as well, it has increased its customer appeal and its reach. The company has recently received a large investment from Ares Management Alternative Credit Funds, enabling it to expand its credit portfolio and further develop its platform.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- And who doesn’t love the swag
Company values
- Authenticity. We show up to work as our whole selves and make sure others can too
- Collaboration. We can only succeed when we do so as a team
- Problem-Solving. The harder the problem, the more satisfying the solution
- Customer. We are all owners of the customer experience
- Initiative. Plan. Adapt. Get Sh!t Done
Articles
Leadership
Al Goldstein
(Executive Chairman)They worked for a year at Deutsche Bank for a year, before founding Pangea Properties in 2008, and Avant in January 2013. They have been Chairman since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(CTO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving since 2019 as CTO.
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