Head of Investor Risk Job at Pagaya Investments
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 powers a leading artificial intelligence network that enables banks, fintechs, merchants, lenders, and other B2C businesses to provide their customers with greater access to financial services. We help partners grow their customer base while managing risk, all with a seamless customer experience.
Pagaya’s network enables our partners’ customers access to credit across Auto, Credit Card, Personal loans, and Point of Sale markets. We are also developing products in insurance, real estate, and more. Our network is fully automated and operating at scale - with the support of the Pagaya network, our partners have processed millions of applications, with a new application typically analyzed every second.
Let's create better outcomes together!
About the role
The Head of Investor Risk will operate as a key member of the Risk management team and lead the Investor Risk function.
Reporting to and partnering with Pagaya's Chief Risk Officer, this Head will maintain a primary focus on ensuring that portfolio risks across capital markets and financing vehicles, including consumer ABS and funds are identified, measured and monitored adequately.
Responsibilities:
- Lead the design of portfolio risk monitoring framework to identify, measure and monitor risks across capital markets & financing vehicles including consumer ABS and funds
- Assist in the design & implementation of a risk appetite framework appropriate for the unique business dynamics of the organization
- Lead the design & implementation of a stress testing & sensitivity analysis framework appropriate for the capital market and financing vehicles exposure of the organization
- Lead the design of a feedback framework based on the monitoring and analysis of financing vehicles performance to optimize both consumer loan flow and quality, as well as asset allocation across the different financing vehicles
- Develop a forecasting framework to project loss and performance under varied credit and economic conditions
- Lead the design and implementation of an independent pricing and valuation framework
Requirements:
- A minimum of 10 years in increasingly senior and broader focused roles in consumer ABS and risk management
- Deep experience in ABS trading, valuation and pricing
- Deep understanding of the overall consumer loan dynamics bringing together granular analysis with macro, risk appetite and strategic objectives
- Expertise in stress testing and sensitivity analysis of consumer loans and ABS
- Expertise in market risk management of consumer loans and ABS
- Expertise in developing market risk appetite framework covering consumer ABS
- Good understanding of drivers of consumer loan performance
- Good understanding of hedge fund performance and risk metrics
- Background in financial accounting is a plus, solid understanding of revenue recognition principles
The ranges added below are for New York-based hires only and will be commensurate with candidate experience. Pay ranges for candidates in other locations other than NY may differ based on the cost of labor in that location. Pay range: $225,000-$250,000.
Our Team
Pagaya was founded in 2016 by seasoned research, finance, and technology entrepreneurs with our head quarters located in NYC, Tel Aviv, Boston, and Zurich.
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
Our values are at the heart of everything we do. We believe great solutions are built through a great community.
- Continuous Learning: It’s okay to not know something yet, but have the desire to grow and improve.
- Win for all: We exist to make sure all participants in the system win, which in turn helps Pagaya win.
- Debate and commit: Share openly, question respectfully, and once a decision is made, commit to it fully.
- The Pagaya way: Break systems down to their most foundational element, and rebuild them unique to Pagaya.
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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