HEAD OF PORTFOLIO RISK ANALYTICS

Company: Pagaya Investments
Location: New York
Posted on: November 9, 2024

Job Description:

The following information aims to provide potential candidates with a better understanding of the requirements for this role.

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 are seeking a seasoned Risk professional to lead our Portfolio Risk Analytics team. In this strategic role, you will be responsible for developing and overseeing Pagaya's portfolio risk analytics and monitoring frameworks. The ideal candidate will possess extensive expertise in consumer finance products, credit risk, risk appetite and strategy, as well as regulatory compliance.
Responsibilities

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• Portfolio Risk Monitoring: Design and implement a comprehensive portfolio risk monitoring framework to identify, measure, and oversee risks across asset classes and financing vehicles throughout the consumer loan lifecycle.
  
• Performance Analysis: Regularly monitor portfolio flow and performance, identifying outperforming and underperforming segments to inform flow rebalancing strategies.
  
• Risk Assessment: Provide insights on expected loss and profitability profiles for comparison against first-line estimates.
  
• Macro and Capital Market Risk: Develop a framework to identify, monitor, and analyze macroeconomic and capital market risks affecting the business.
  
• Risk Appetite Framework: Lead the design and implementation of a risk appetite framework tailored to the unique dynamics of Pagaya's business.
  
• Portfolio Construction: Create a holistic portfolio construction and optimization framework that integrates results from portfolio monitoring, macroeconomic analysis, and capital market insights.
  
• Cross-Functional Collaboration: Work closely with modeling, product, finance, and business teams to ensure effective execution of the risk appetite framework.
  
• Stress Testing and Sensitivity Analysis: Design and implement a robust framework for stress testing and sensitivity analysis, addressing the specific needs of the organization.
  
• Proactive Risk Management: Establish early risk indicators and develop scenario-based playbooks to facilitate proactive risk identification and rapid mitigation.
  
  Requirements
  
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  • Experience: A minimum of 10 years in senior roles within consumer finance risk management and analytics; an MBA or Master's degree in a relevant field is required.
    
  • Industry Knowledge: Extensive experience in credit cards and unsecured lending with leading financial institutions.
    
  • Regulatory Understanding: Strong knowledge of U.S. consumer lending regulations and compliance expectations.
    
  • Analytical Expertise: Deep understanding of consumer portfolio dynamics, combining granular analysis with macroeconomic factors, risk appetite, and strategic objectives.
    
  • Communication Skills: Exceptional analytical, strategic, and communication skills.
    
  • Technical Proficiency: Proficient in statistics, machine learning, and optimization techniques, with familiarity in modern financial services technology and functional risk needs.
    
  • Preferred Skills: Expertise in consumer Asset-Backed Securities (ABS) trading, valuation, and risk management is a plus.
    
    Compensation Range for New York Based Hires
    $250,000 - $275,000 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
    
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    • 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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Keywords: Pagaya Investments, Philadelphia , HEAD OF PORTFOLIO RISK ANALYTICS, Other , New York, Pennsylvania