Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

Varo is a mission oriented group of bankers and technologists who are challenging the banking status quo. We believe that financial institutions should provide great products, services, and education to everyone, not just the affluent. Join us to change the future of banking.

The Chief Credit Officer (CCO), Varo Bank is a critical leadership position reporting to the Chief Risk Officer. The CCO is accountable for the effective management of all credit and related activities as we scale our Lending business, consistent with Varo’s Credit Risk Appetite. In pursuit of this goal, the CCO will partner broadly across the lines of defense and interface with executive management and the Board of Directors.

What you'll be doing

• Use your deep credit risk management expertise to drive innovation and execution in Varo’s credit and related activities (e.g. collections)
• Provide critical leadership for the independent credit function; ensure the appropriate skills and capabilities are resident on the team
• Provide insight and expertise, cross functionally, to support Varo’s strategic roadmap; particularly expansion of Varo’s bespoke credit products
• Ensure Varo’s credit products are performing as expected in terms of revenues, credit losses and profitability
• Interface with Compliance to ensure Varo’s credit products are in compliance with all consumer protections. Collaborate on Fair Lending analysis
• Chair the Credit Risk Management Committee, where all credit and related policies, programs and approvals are governed
• Provide management reporting to the Risk Management Committee of the Board of Directors on credit performance and initiatives. Own the Credit Risk stripe in Varo’s Risk Appetite Framework
• Lead the Enterprise Risk Analytics team to provide actionable risk analytics; effectively administer the Model Risk Management program
• Collaborate with Finance on credit loss provisioning to ensure provisions are adequate and appropriate. Accommodate the credit product roadmap in our provisioning methodologies
• Bring insight and perspective broadly, to the development of Varo’s risk & control culture and leadership behaviors

• You possess 15 years of credit expertise gained from a diverse lending background including non-prime segments and digital channels
• Demonstrable understanding of credit operations across the credit lifecycle
• Exceptional analytical skills with the ability to conceptualize experimentation and analysis to drive tactical execution and strategic direction
• Ability to influence and effect change across the organization; willingness to consider alternative views and compromise as necessary to drive performance with stakeholders across the organization
• Sufficient gravitas to successfully represent management with the Board of Directors and the various regulatory bodies
• You have an owner's mentality and are energized to be joining at the growth-stage of a promising start up with an exceptional Mission

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!

About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer. 

As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better

Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank

Twitter - https://twitter.com/varobank

Engineering Blog - https://medium.com/engineering-varo

SoundCloud - https://soundcloud.com/varobank

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.

CCPA Notice at Collection for California Employees and Applicants:

https://varomoney.box.com/s/q7eockvma9nd2b0utwryruh4ze6gf8eg