[Hiring] Chief Credit Officer @Figure Lending

Role Description

Figure is a financial technology company leveraging blockchain to transform the multi-billion dollar lending and capital markets industries. We are seeking a Chief Credit Officer to serve as the primary architect for our credit risk strategy across our growing suite of secured lending products. This role sits at the critical intersection of Capital Markets and Growth Strategy, requiring a leader who can balance aggressive innovation with responsible homeownership enablement. Unlike traditional banking roles, you will operate in a high-velocity environment where automation and systematic, data-driven logic are the foundation for radical top-of-funnel growth. You will be the primary point of contact for institutional relationships and agencies, ensuring our products maintain best-in-class execution for consumers and investors alike.

What You'll Do

• Lead an organization of credit professionals directly accountable for managing risk across a diverse lending portfolio, including Home Equity products.
• Set enterprise-wide credit risk strategy across originations, pricing, portfolio management, and collections to drive the best outcomes for the lender and investor.
• Chair the Credit Committee and engage directly with the CEO and Board of Directors on all credit-related matters.
• Develop and iterate on proprietary loan products, leading risk analysis and consumer iterations to find perfect product/market fit.
• Drive automation efforts to compress the funnel from application to final approval, utilizing technology to remove legacy industry inefficiencies.
• Act as the primary liaison to regulatory bodies such as the OCC, FRB, and FDIC, ensuring all credit risk matters align with evolving supervisory expectations.
• Oversee loss forecasting, financial modeling, and stress testing (CCAR) methodologies to provide senior management with thoughtful analysis of key credit drivers.
• Build and manage relationships with investors, managing pricing, hedging, and warehouse functions.

Qualifications

• 15–20+ years of experience in credit risk management and portfolio oversight.
• Extensive background in Mortgage and Home Equity credit risk, including LTV/CLTV management and valuation models.
• Proven success working outside of a "Big Bank" environment for a portion of your career, thriving in agile, high-growth, or startup settings.
• Demonstrated ability to develop a systematic secondary marketing group and manage primary/secondary market inefficiencies.
• Advanced understanding of loss forecasting and the conceptualization of investment logic to automate credit decisioning.
• Proven track record of managing remediation efforts and maintaining strong relationships with federal regulatory agencies.

Salary

• Compensation Range: $210,000 - $263,000/yr
• 25% annual bonus target, paid quarterly
• Company equity in the form of RSUs
• This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Employer-funded life and disability insurance coverage
• 11 Observed Holidays & PTO plan
• Up to 12 weeks paid family leave
• Continuing education reimbursement