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Senior Lead, Operational Risk

New York, NY

About Pagaya

Shape the Future of Finance

Pagaya is building a leading artificial intelligence network to help our partners grow their businesses and better serve their customers.

Pagaya is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

Let's create better outcomes together!

About the Role

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. 

Responsibilities

  • 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

Requirements

  • 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

The pay ranges for New York-based hires are commensurate with candidate experience. 

Pay ranges for candidates working in locations other than New York may differ based on the cost of labor in that location.

Compensation Range for New York Based Hires

$160,000 - $185,000 USD

Our Team

Pagaya was founded in 2016 by seasoned research, finance, and technology entrepreneurs with our head quarters located in NYC and Tel Aviv. 

We move fast and smart, identifying new opportunities and building end-to-end solutions from AI models and unique data sources. Every Pagaya team member is solving new and exciting challenges every day in a culture based on partnership, collaboration, and community.

Join a team of builders who are working every day to enable better outcomes for our partners and their customers.

Our Values

  • Continuously Learn- We challenge ourselves for the sake of getting better as individuals, as teams, and as an organization to deliver for our partners.
  • Debate and Commit- We respectfully and openly debate to strengthen our ideas and build shared conviction - once we decide, we go all in, together.
  • Dream Big and Act- We boldly tackle complex problems, pressure-test solutions in real-time, and adapt with speed and energy.
  • Advance Inclusion- We create a world where everyone can win, designing systems that better represent people and generate sustainable value for our employees, partners and investors.
  • Be Accountable Together- We proudly own our actions and our results, taking initiative to ensure our work gets over the finish line as a team.

More than just a job

We believe health, happiness, and productivity go hand-in-hand. That's why we're continually looking to enhance the ways we support you with benefits programs and perks that allow every Pagayan to do the best work of their life. 

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