Senior Manager of Credit Risk, Toast
$138-221k
+ Equity
More information about location
Point of sale and management system for restaurants
Open for applications
Point of sale and management system for restaurants
1001+ employees
Open for applications
$138-221k
+ Equity
More information about location
1001+ employees
Company mission
Toast's mission is to enrich the food experience for all.
Role
Who you are
- The ideal candidate will have a proven track record in credit risk management, a passion for data-driven decision-making, and the ability to influence cross-functional stakeholders
- 10+ years of experience in credit risk management, with a significant focus on strategy and leadership
- 5+ years of experience managing teams in a fast-paced, high-growth environment
- Advanced degree in a quantitative field (e.g., Statistics, Economics, Finance) or MBA
- Deep understanding of credit risk principles, regulations, and best practices in lending
- Strong proficiency in data analysis tools (e.g., SQL, Python, R) and experience with risk modeling techniques
- Proven track record of implementing successful credit risk strategies and driving business results
- Exceptional analytical, problem-solving, and decision-making skills
- Outstanding communication and interpersonal skills, with the ability to influence at all levels of an organization
- Experience in fintech or innovative lending products is highly desirable
- Able to commit to core EST working hours
What the job involves
- The Fintech Risk team at Toast is responsible for driving risk-informed growth for the rapidly expanding Toast Fintech line of business
- Whether it is enhancing our strategy and processes, sharpening our policies or identifying new products for our merchants, the risk team is an integral part of charting the path for the business
- We are seeking an experienced and strategic leader to join our Credit Risk function as a Senior Manager
- In this crucial role, you will spearhead our credit risk strategies, lead a growing team of analysts, and drive innovation in our lending business
- Develop and execute comprehensive credit risk strategies aligned with Toast's business objectives and risk appetite
- Lead initiatives to optimize credit policies, underwriting criteria, and portfolio management practices
- Drive innovation in risk assessment methodologies and tools
- Lead, mentor, and develop a high-performing team of credit risk professionals
- Foster a culture of continuous learning, innovation, and excellence
- Attract and retain top talent in the credit risk domain
- Oversee portfolio health, performance metrics, and risk indicators
- Conduct advanced analytics to identify trends, opportunities, and potential risks
- Develop and implement stress testing and scenario analysis frameworks
- Maintain and update credit risk policy documents and procedures, ensuring compliance with regulatory requirements and industry best practices
- Collaborate with senior leadership across Product, Finance, Operations, and Engineering to drive business growth while managing risk
- Present complex risk concepts and recommendations to leadership
- Influence product development and business strategies through risk insights
- Champion the adoption of advanced analytics, machine learning, and AI in credit risk management
- Drive the implementation of new risk management technologies and platforms
- Stay abreast of emerging trends and technologies in credit risk and fintech
Our take
Running a restaurant means managing a stressful set of elements, all needing to work together seamlessly to create a good experience for diners. Toast helps to streamline processes, and puts an end to piles of paperwork, by providing a platform whereby tableside ordering, menu modifications, labour management, payroll, and more are all housed in one system that can run from a tablet.
Toast offers restaurant-grade hardware and cloud-based customisable payment solutions to serve clients from startup through to growth phase, as well as a service for established restaurants. By combining all the digital services a restaurant might need, the platform can act as the one and comprehensive solution for restaurants of any size, avoiding restaurateurs having to invest in a range of technologies.
Toast has over 70,000 restaurants on its books, from food trucks to national brands, and its mobile ordering and payment solutions have made it a recognized brand for consumers. The company's IPO in 2021 saw it valued at over $30 billion and since then, it has added more features to its product suite including wholesale and catering order tools. Toast then, has proven its place as an indispensable player in the restaurant space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
28% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2020
$400m
SERIES F
Apr 2019
$250m
SERIES E
Total funding: $899m
Company benefits
- Peer and company recognition programs
- Unlimited Vacation
- Sabbatical opportunity after five years
- Professional Development Reimbursement Program
- Commitment to Employee Wellness through resources such as a quarterly Wellness Stipend
- Various peer and company recognition programs
- 401(k) and matching
- Medical, Dental, & Vision Coverage
- Mental Health Benefits
- Subsidized backup childcare
Company HQ
Fenway–Kenmore, Boston, MA
Leadership
Steve Fredette
(President)They studied at MIT before co-founding Klick Mobile in 2009 and spending almost 7 years at Endeca. They left their Management role in June 2012 having co-founded Toast in May.
Aman Narang
(CEO)Having studied Computer Science at MIT, they worked at Endeca for 5 years. They moved from working as Product Manager to work full-time as President of Toast in 2013, having co-founded it the previous year.
Jonathan Grimm
(CTO)They also studied Computer Science at MIT before working as an Engineer for Endeca for over 4 years. They worked at Oracle for 5 months prior to co-founding Toast in May 2012.
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