What are the responsibilities and job description for the Director, Credit Risk Management (US) position at Momentum Financial Services Group?
At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we're the team behind Money Mart—Canada's largest non-bank branch network—and a leader in financial solutions for underserved communities.
From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that enable people to access, use, and move their money more freely.
Our culture is built on innovation, collaboration, and a shared purpose to deliver financial inclusion. When you join our team, you're part of a company that is transforming financial services and making a lasting impact for millions of customers.
We've Got You Covered
As a Director, Credit Risk Management (US), you will play a critical role in managing and evolving credit risk strategies across Momentum's lending portfolio. Reporting to the Vice President, Credit Risk, you'll oversee underwriting, portfolio monitoring, and risk management practices to ensure business growth aligns with prudent risk standards. This role requires hands-on expertise in credit analytics, team leadership, and knowledge of the US subprime lending market.
What You'll Do
Credit Risk Strategy & Execution
#SJ
From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that enable people to access, use, and move their money more freely.
Our culture is built on innovation, collaboration, and a shared purpose to deliver financial inclusion. When you join our team, you're part of a company that is transforming financial services and making a lasting impact for millions of customers.
We've Got You Covered
- Compensation Philosophy – Competitive pay aligned to experience and market value
- Discretionary Annual Bonus – Rewarding performance and contribution
- Comprehensive Benefits – Medical, dental, vision, and more to support your health and wellbeing
- Retirement Plans – Helping you plan and save for the future
- Hybrid Work Environment – Flexibility that balances in-office collaboration with remote work
- Perks and Rewards – Employee recognition programs, development opportunities, and other perks
As a Director, Credit Risk Management (US), you will play a critical role in managing and evolving credit risk strategies across Momentum's lending portfolio. Reporting to the Vice President, Credit Risk, you'll oversee underwriting, portfolio monitoring, and risk management practices to ensure business growth aligns with prudent risk standards. This role requires hands-on expertise in credit analytics, team leadership, and knowledge of the US subprime lending market.
What You'll Do
Credit Risk Strategy & Execution
- Develop and implement credit strategies for US lending products, collaborating with senior leadership and cross-functional teams
- Design, implement, and optimize credit strategies for sub-prime lending, including origination, adjudication, underwriting, and portfolio management
- Maintain and enhance underwriting analytics, including approve/decline logic, loan assignment, refinancing, and eligibility criteria for marketing and risk-based pricing
- Monitor loan portfolio performance, including delinquency, charge-off, yield, and concentration risks
- Oversee daily work and analysis of the credit risk team to ensure accuracy, compliance, and actionable insights
- Monitor compliance with risk appetites and policies, ensuring frameworks align with regulatory standards
- Identify emerging risks, analyze key trends, and support proactive strategies to mitigate exposures
- Recommend policy, product, and strategy changes based on risk findings
- Lead, mentor, and manage a team of analysts, providing guidance, training, and development opportunities
- Collaborate with IT, Product, Marketing, and other departments to integrate risk management into business initiatives
- Deliver clear, actionable insights to senior executives with strong communication and presentation skills
- Leverage advanced data science and machine learning capabilities to enhance credit operations and decisioning processes
- Conduct in-depth analysis using SAS, SQL, R, Python, or equivalent tools to generate insights and forecasts
- Support the development of lifetime customer value models and loss forecasting methodologies
- Partner with lead generation platforms (LeadPoint, LendingTree, Lead Prosper) and leverage Ping Tree bidding systems to optimize acquisition quality
- Expertise in consumer credit risk management, particularly in subprime lending
- Ability to lead cross-functional projects and influence business outcomes in a matrix environment
- Strong communication and interpersonal skills, with the ability to simplify complex information for both technical and non-technical audiences
- Proven analytical and problem-solving skills with a hands-on, detail-oriented mindset
- Curiosity and creativity, with the ability to identify opportunities for improvement and innovation
- Bachelor's or Master's degree in Finance, Economics, Computer Science, or related field (professional certification preferred)
- 10 years of experience in consumer credit risk roles within financial services
- Demonstrated success in leading and managing analytical teams
- Strong knowledge of US subprime lending, associated risks, and regulatory frameworks
- Proficiency with credit risk tools, data manipulation, and statistical software (SAS, SQL, R, Python)
- Experience with lead generation platforms and Ping Tree bidding systems preferred
#SJ
