Director, Credit

Toronto or Remote (Canada)

Full Time Executive-level / Director
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Wealthsimple

Wealthsimple is the simple way to grow your money like the world's most sophisticated investors. No-maintenance portfolios, expert investment advisers and low fees.

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Wealthsimple is on a mission to help everyone achieve financial freedom, no matter who they are or how much they have. Using smart technology, Wealthsimple takes financial services that are often confusing, opaque and expensive and makes them simple, transparent, and low-cost. We're the company behind some of Canada's leading digital financial products, and are growing faster than ever.
Our team is reimagining what it means to manage your money. Smart, high-performing team members will challenge you to learn and grow every day. We value great work and great ideas. We're looking for talented people who love a fast-paced environment, and want to ship often and make an impact with groundbreaking ideas.
We’re a remote-first team and output is more important than face time, so where you choose to work is up to you — as long as you have internet access, you can work from anywhere in Canada. Be a part of our Canadian success story and help shape the financial future of millions — join us! Read our Culture Manual and learn more about how we work.
Credit @ Wealthsimple
Strong credit risk management will be a critical component of enabling innovative and responsible credit offerings across Wealthsimple’s products. As a newly formed team, the Credit team will own the full lifecycle of our approach to credit from machine learning risk models, credit policy and extensible frameworks for lending decisions all while building a feedback loop to continuously improve our understanding of risk.
We envision that the Credit team will have people from diverse educational backgrounds: math, business operations, computer science and statistics with expertise in data science, credit analytics, product management and software engineering.
The Role
As we continue to expand our credit product offerings within the Canadian marketplace, doing so in a way that is responsible and resilient is paramount to the success of Wealthsimple. We are looking for a Director of Credit who will lead the team is building machine learning and data driven solutions to assess credit worthiness and build lending policies that help our clients meet their financial goals.
This individual will define and lead Wealthsimple’s credit risk management strategy as a member of the risk leadership team. They will partner with leaders across the business to launch and deliver a best-in-class underwriting capabilities while effectively managing regulatory, financial and reputation risks to the business.
Wealthsimple is a fintech company which provides it with new and innovative data sources and techniques for assessing risk. In this role you will build a team of teams responsible for the end-to-end credit risk platform. You will provide technical mentorship to your team and act as a people lead, while reporting to the VP of Fraud and Risk.

In this role, you will have the opportunity to:

  • Build a best-in-class Credit risk modelling and platform team
  • Lead and scale the team to effectively support the launch of new products and offerings
  • Build the capability to assess credit worthiness in real-time
  • Deploy new machine learning models, business rules and analytical solutions to optimize credit policies
  • Collaborate with other business units to ensure products are built cohesively with credit risk management at the forefront across the platform
  • Get the best out of the team by leveraging their diverse backgrounds.
  • Teach and learn from your team members. We value making others successful.

We are looking for someone who is:

  • A builder: you love building inclusive and diverse teams
  • Analytically strong and always looking for better ways to use data to improve credit decisions
  • Has strong understanding of fundamental machine-learning algorithms: regression, decision trees and deep learning.
  • Has worked in financial services as a credit leader for 5+ years
  • Able to build credit policies and frameworks that balance customer experience, returns and resilience
  • Able to tailor our credit risk management narrative to their audience using their excellent communication skills.
At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know.
Job region(s): North America
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