Director of Lending and Data Analytics

Intro

Carmoola is a rapidly growing fintech car finance lender. Following a successful launch, we now have an amazing opportunity for someone to elevate our operations to the next level.

We are a fully automated, direct-to-consumer car finance lender, having raised over £140M and backed by world-leading investors like QED. After closing our Series A+ funding round and securing a senior debt facility, we are focused on scaling the business.

Your Role in Our Mission

We are looking for an exceptional and seasoned Director of Lending to lead our Credit and Underwriting Strategy, Fraud Strategy, Credit Risk Management, and Pricing.

Responsibilities

• Collaborate with the senior team to build a world-class lending platform.

• Expand the team over time and manage two direct reports.

• Set and implement the overall strategy.

• Proactively design and recommend changes to all aspects of the decision engine.

• Create and manage testing frameworks.

• Analyse and improve acceptance rates while maintaining performance.

• Develop strategies to reduce fraud risk.

• Manage bad debt numbers in line with the company’s risk appetite.

• Maintain policy documents (lending policy, affordability policy, and fraud policy).

• Run the credit committee.

Requirements

Need to Haves

• 5+ years of experience in a highly automated fintech-enabled consumer lender (cards, loans, etc.).

• Background at Capital One or a close equivalent.

• Strong understanding of the regulatory environment, especially responsible lending (creditworthiness/affordability).

• Bachelor’s, master’s, or PhD in a STEM or numerical subject.

• Experience preparing materials for or running committees with senior directors, such as Credit Risk Committees.

• Strong leadership skills.

• Ability to help the CEO build a strong credit risk management culture.

Nice to Haves

• Experience using the latest data science techniques to enhance decision-making (not critical).

• Experience setting the pricing strategy for lending products.

• Fraud prevention experience.

• Open banking experience.

Personality

• Fast learner

• Level-headed

• Open and collaborative

• High energy

Benefits

What’s In It for You

• £130-£175k salary

• Equity/Options

• Opportunity to build from the ground up

• Great working environment

If you are ready to make a significant impact and help us shape the future of car finance, we would love to hear from you!