Director of Partner Credit Risk Management & Oversight
About The Position
Coastal Bank is seeking a highly analytical and strategic Director of Partner Credit Risk Management & Oversight to lead credit risk oversight across its Banking-as-a-Service (BaaS) partner ecosystem. This role will be responsible for developing and executing a robust second line credit risk framework that supports scalable growth while ensuring strong risk management across fintech partnerships and effective counterparty risk oversight. The ideal candidate has deep leadership experience in credit risk management and analytics within a regulated financial institution and a strong understanding of partner-based models, counterparty risk, and BaaS/fintech ecosystems. The Director will lead a Team of Partner Credit Risk Managers and serve as a key risk leader providing independent challenge, ensuring alignment with Coastal’s risk appetite, and safeguarding the financial integrity of partner programs.
Requirements
- 12+ years of experience in credit risk, lending, or risk management within a bank or financial institution
- 5+ years of experience in a second line of defense or oversight function
- Proven leadership experience managing teams and cross-functional collaboration
- Demonstrated experience working with fintech partners and BaaS platforms
- Strong experience with consumer and small business lending portfolios
- Proven expertise in counterparty risk assessment, including financial statement analysis
- Deep understanding of credit risk frameworks, underwriting, portfolio management, and risk governance
- Strong analytical skills with ability to translate data into actionable insights
- Excellent communication skills with ability to influence senior stakeholders
- Ability to Travel
Nice To Haves
- Advanced degree (MBA, MS, or similar) preferred
- Experience in BaaS, fintech partnerships, or embedded finance models
- Familiarity with credit models, stress testing, and data analytics tools
- Experience interfacing with regulators on BaaS or fintech-related examinations
- Ability to balance innovation and growth with strong risk discipline
Responsibilities
- Lead, develop, and manage a team of Partner Credit Risk Managers responsible for oversight of partner credit programs
- Establish and maintain a comprehensive second line oversight framework for all BaaS partner credit programs
- Recommend and enforce credit risk policies, and risk appetite across partner credit programs
- Evaluate and approve (or recommend to Leadership) partner credit models, underwriting strategies, and program structures
- Monitor portfolio performance across partners, identifying trends, concentrations, emerging risks and action plans
- Guide development of early warning indicators and portfolio stress scenarios
- Collaborate with fintech partners, program managers, and internal stakeholders to ensure alignment with risk expectations
- Ensure compliance with regulatory expectations related to third-party risk (e.g., FDIC, Federal Reserve guidance)
- Support due diligence and onboarding of new BaaS partners, including credit assessments
- Provide credible challenge to partner assumptions, models, and performance forecasts
- Design and implement controls for counterparty credit risk management, including ongoing partner monitoring
- Lead the evaluation of financial strength and stability of BaaS partners. Analyze financial statements, cash flow, liquidity, capital adequacy, and funding models
- Establish counterparty risk ratings, exposure limits, and ongoing monitoring standards
- Identify and escalate risks related to partner sustainability, operational dependency, and market conditions.
Benefits
- Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
- Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
- Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
- Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
- Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
- Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
- Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
- 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
- Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
- Holidays: Enjoy 11 paid holidays throughout the year.
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What This Job Offers
Job Type
Full-time
Career Level
Director
