Senior Manager, Loan Salability & First-Line Model Governance

Overview

This role supports secured lending risk and control infrastructure across home equity line of credit, auto direct, and auto indirect dealer products. You will lead first-line model governance and loan salability/asset quality oversight, ensuring the secured lending portfolio operates with clear governance, durable controls, high-quality execution, and readiness for bank partner and regulatory review.

Responsibilities

• Lead the secured lending asset quality and loan salability function across home equity line of credit, auto direct, and auto indirect dealer channels, including:
  • Review methodology
  • Operating cadence
  • Reporting standards
  • Escalation routines for a small team of asset quality analysts
• Monitor portfolio-level salability risk across secured lending channels by tracking:
  • Eligibility adherence trends
  • Defect patterns
  • Collateral documentation quality
  • Exception concentrations
• Escalate repurchase and put-back risk to Capital Markets and bank partners before it affects loan sale execution or partner commitments
• Monitor asset quality and portfolio performance indicators tied to salability, including:
  • Early payment defaults
  • Delinquency
  • Loss severity
  • Prepayment
  • Non-performing loan trends
  • Exception patterns
  • Threshold breaches
• Evaluate origination and channel quality across secured lending programs, including:
  • Collateral documentation completeness
  • Lien perfection
  • Override trends
  • Pricing consistency
  • Dealer or partner performance
  • Concentration risk
  • Potential fair lending exposure
• Own first-line model implementation and performance oversight for secured lending models, including:
  • Production model monitoring
  • Threshold tracking
  • Version control
  • Use-case boundaries
  • Model inventory updates
  • Change impact assessment
  • Escalation of performance degradation or out-of-bounds behavior
• Translate loan review findings, portfolio trends, and model performance signals into action by:
  • Identifying root causes
  • Defining remediation plans
  • Tracking issue closure
  • Escalating risks before they affect loan sale execution, partner commitments, or regulatory readiness

Requirements

• 8+ years of experience in business-line credit risk, loan quality, asset-backed or secured lending operations, or first-line model governance supporting secured or asset-backed consumer lending products
• Experience with one or more of the following in a regulated lending environment:
  • Loan-level quality review
  • Loan salability oversight
  • Capital Markets or investor delivery
  • Repurchase or put-back risk
  • Bank partner audits
  • Collateral documentation review
  • Pre-sale quality control
• Experience monitoring portfolio performance and asset quality indicators across multiple origination channels, including (as applicable):
  • Early payment default
  • Delinquency
  • Prepayment
  • Loss severity
  • Non-performing loan trends
  • Credit policy exceptions
  • Threshold breaches
  • Channel-level pricing and fair lending patterns
• Experience with first-line model oversight and governance, including:
  • Production model monitoring
  • Model implementation governance
  • Model inventory documentation
  • Model performance escalation processes
• Experience partnering with Capital Markets, investors, bank partners, or funding teams to:
  • Evaluate loan eligibility
  • Resolve delivery exceptions
  • Interpret investor requirements
  • Mitigate repurchase, put-back, or make-whole exposure
• Experience leading analysts, managing a review function, or owning cross-functional loan salability, asset quality, credit, or first-line model governance programs

Preferred Qualifications

• Familiarity with auto indirect or dealer channel lending dynamics, including pricing discretion, dealer markup, and fair lending considerations; experience partnering with fair lending oversight functions to interpret and escalate channel-level findings
• Knowledge of secured lending and secondary-market quality expectations, including exposure to first mortgage or asset-backed lending frameworks (e.g., investor eligibility standards, collateral documentation, lien perfection, representations and warranties, defect remediation, trailing performance thresholds, and repurchase or make-whole risk)
• Knowledge of consumer lending and fair lending requirements relevant to secured products, including (as applicable):
  • Equal Credit Opportunity Act/Regulation B
  • Unfair, Deceptive, or Abusive Acts or Practices
  • Fair Credit Reporting Act
  • TILA/Regulation Z
  • Dealer markup oversight
  • Adverse action
  • Credit decisioning controls
• Ability to evaluate production model execution, validation outputs, fair lending review outputs, underwriting accuracy, pricing consistency, and performance trends against approved thresholds
• Skilled in producing exam-ready policy documents, governance materials, issue tracking, executive summaries, and bank partner reporting
• Risk or compliance certification, such as Certified Regulatory Compliance Manager, Financial Risk Manager, or equivalent credential

Compensation & Benefits

• Anticipated base salary range (United States | Remote): $172,100—$238,300 USD
• Target bonuses, equity compensation, and a benefits package including:
  • Medical, dental, vision, and 401(k)
  • 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually (USD in the US, CAD in Canada)
  • Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only)
  • Health Savings Account contributions from the employer for eligible plans (US only)
  • Life insurance and disability coverage
  • Paid time off, sick leave, and company holidays (in line with local requirements)
  • Paid family and parental leave (duration varies by country)
  • Employee Assistance Program (EAP)
  • Health and wellness support, including an annual wellness allowance
  • Annual productivity allowance
  • Financial wellness resources (US only), including a financial concierge service

Location

• Remote (United States)
• For roles based in Canada, the employer is not currently able to hire in Quebec.

Travel Requirements

• Work is primarily remote.
• In-person collaboration is encouraged via regular onsite sessions.
• Most teams meet once or twice per quarter for 2–4 consecutive days at a time.

Equal Opportunity Employer

The organization is an Equal Opportunity Employer and is committed to inclusive and fair hiring practices.