Director, Credit Risk

About KOHO

KOHO’s purpose is to empower Canadians to build a great financial foundation with products that are radically transparent and easy to manage. We first launched in 2017, and we have since built a community of over 1 million users. Leading investors around the globe believe in our vision, and we’ve successfully raised over $320M to make our vision a reality.

Discover our culture here and get the inside scoop from our team here!

About the Role

KOHO is growing, and we're on the hunt for a Director of Credit Risk. As a key player reporting to the Chief Risk Officer, you'll spearhead the conception, implementation, and continuous oversight of our credit program. While focusing primarily on Credit Risk Management, any background in Fraud Management would be a plus. This role provides exposure to various risk management facets and a chance to leave a lasting mark on our organization.

What You'll Do

Develop strategies and controls to manage areas of credit risk

Design and launch consumer credit lending programs

Lead build vs buy decisions, identifying external partners where appropriate

Conduct and lead analysis to determine target loss rates, and execute on strategies to hit those targets

Work with credit bureaus and other alternative information sources to incorporate essential data into credit decisions

Lead the development of credit adjudication and limit assignment models

Represent the credit risk function on company projects, proactively identifying areas of risk and working with stakeholders to develop solutions

Ensure adherence to policies and processes related to retail lending

Continually improve on tracking and monitoring of credit data at a portfolio level

Develop and improve on collections programs

Who You Are

Proven experience in Credit Risk management within a financial institution

Experience with the use of alternative data approaches to predict risk

Strong analytical and problem-solving skills

An ability to see the big picture while being comfortable with day-to-day responsibilities

Clear and effective verbal and written communication skills

The ability to manage and track multiple priorities

Advanced Excel skills

Proficiency in SQL is nice to have

Predictive Modeling experience would be an asset in the role

People management experience is nice to have

Experience navigating regulatory frameworks around lending

Exposure to fraud management, particularly new account/identity fraud, will be considered an asset

At KOHO, we are dedicated to providing pay transparency to all candidates. Compensation at KOHO is determined through various factors including but not limited to: comparable salary market data within Canada, technical skill assessment, a holistic view of previous work history, and internal pay equity with other KOHO team members.

Target Base Salary Range

$165,000—$245,000 CAD

What's In It For You?

We invest time and resources into making sure KOHO is as good as the people we hire. Here are some of the reasons we attract the best people:

️ Balance Your Life - Company-wide summer wellness days, winter holiday closure, personal days, a wellness spending account, and maternity & parental leave top-up

Remote First - Work from anywhere in Canada with a budget to set up your home office

Level Up - Access to an in-house certified performance coach and an annual training budget

Reach Your Goals - Salary assessments twice per year

The KOHO Culture - We have won 7 "Great Place to Work ®" awards since 2019

Be an Owner - Every KOHO employee gets a generous amount of equity with a 10 year exercise window

The KOHO culture is one of collaboration, creativity, and diverse perspectives. We are committed to building and fostering an inclusive, accessible environment for everyone. If you have any questions, concerns, or requests regarding accessibility needs, please contact and the People and Culture team will be happy to help.

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