Senior Operational Risk Lead, Pagaya Investments
$160-185k
Artificial intelligence for consumer lending
Be an early applicant
Artificial intelligence for consumer lending
501-1000 employees
Be an early applicant
$160-185k
501-1000 employees
Company mission
To forge the future of finance by harnessing the power of artificial intelligence to modernise a limited and inefficient consumer lending system.
Role
Who you are
- Undergraduate degree majoring in Finance, Accounting, Economics, Business, or Engineering with a minimum of 5 years of experience in a consumer finance/lending institution
- Knowledge of financial statement analysis and credit risk metrics
- Advanced knowledge of Microsoft Excel and ability to work with various data sources and tools
- Must have prior experience in Third-Party / Vendor / Counterparty Risk Management
- Excellent written and verbal communication skills, with an ability to persuasively communicate complex issues
- Ability to analyze problems and formulate conclusions and recommendations
- Excellent organizational skills with the ability to multitask in a complex and dynamic environment
- Excellent leadership skills with ability to build strong relationships and influence stakeholders
- Knowledge of Fixed Income, and Asset-Backed Securities is a plus
- Working knowledge of relevant regulations
What the job involves
- We’re looking to add a Senior Lead, Operational Risk as an integral part of the Enterprise Risk Management team helping provide oversight and financial & operational due diligence of prospective and existing partners
- The broad area of responsibility includes what is traditionally termed as third-party and counterparty risk management
- Responsible for understanding and assessing business and functional operations of partners; identifying issues, opportunities, and collaboration to discover appropriate solutions
- Evaluate the financial health and creditworthiness of counterparties (partners, servicers, vendors, other counterparties)
- Ensure effective implementation of third-party risk management programs to identify, measure, monitor, manage and report risks
- Assist in identifying and evaluating systematic and idiosyncratic risk areas across operational activities and the development of processes and controls to mitigate such risks
- Maintain, develop and prepare documentation for partner risk management using questionnaires and reporting to provide regular status updates on Pagaya’s partner portfolio
- Coach the business to design and implement controls and risk mitigation plans
- Create and review Key Risk Indicators
- Prepare quarterly summaries of partners’ business results for industry-wide comparison of consumer credit
Our take
The traditional consumer lending system is widely regarded as inefficient and can limit a lender’s ability to evaluate credit applications. Pagaya Investments is disrupting this system: its platform uses comprehensive learning insights to offer better assessments and more accurate credit evaluations. This allows its customers to rapidly scale their services while reducing the risk of defaults or fraud.
Since its launch, the company has grown significantly, managing billions in assets for a diverse range of clients, including banks, insurance companies, pension funds, asset managers, and private health funds. Major enterprises like Visa, Avant, and SofdFi utilize Pagaya's AI evaluation to extend credit to underserved customers, achieving levels of speed and accuracy that traditional methods cannot match.
Pagaya has continued to enter new markets each year, having begun with personal loans and then expanding into auto loans and real estate. This is demonstrative of the company's ability to scale across markets, and it is now focused on increasing the adoption of its technology by large banks and auto lenders.
Steph
Company Specialist at Welcome to the Jungle
Insights
-20% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Jun 2020
$102m
SERIES D
Apr 2019
$25m
SERIES C
Total funding: $144.3m
Company HQ
Murray Hill, New York, NY
Leadership
Gal Krubiner
(Co-Founder & CEO)Gal worked for ORMOR CAPITAL before co-founding Super Price and spending over 3 years at UBS.
Yahav Yulzari
(Co-Founder & CRO)Yahav has been Owner of Hamovil Jack Yulzari Limited and Galya Global since 2010 and 2014 respectively.
Avital Pardo
(Co-Founder & CTO)They spent many years as an Analyst in Israel's Defense Force and as a Data Scientist & Analyst at Fundbox before co-founding Pagaya.
Salary benchmarks
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