Senior Associate Oceonew jobs at Pagaya in United States, New York

Responsibilities

• Responsible for understanding and assessing business and functional operations of partners; identifying issues, opportunities, and collaboration to discover appropriate solutions
• Evaluate the financial health and creditworthiness of counterparties (partners, servicers, vendors, other counterparties)
• Ensure effective implementation of third-party risk management programs to identify, measure, monitor, manage and report risks.
• Assist in identifying and evaluating systematic and idiosyncratic risk areas across operational activities and the development of processes and controls to mitigate such risks.
• Maintain, develop and prepare documentation for partner risk management using questionnaires and reporting to provide regular status updates on Pagaya’s partner portfolio.
• Coach the business to design and implement controls and risk mitigation plans
• Create and review Key Risk Indicators
• Prepare quarterly summaries of partners’ business results for industry-wide comparison of consumer credit

Requirements

• Undergraduate degree majoring in Finance, Accounting, Economics, Business, or Engineering with a minimum of 5 years of experience in a consumer finance/lending institution
• Knowledge of financial statement analysis and credit risk metrics
• Advanced knowledge of Microsoft Excel and ability to work with various data sources and tools
• Must have prior experience in Third-Party / Vendor / Counterparty Risk Management
• Excellent written and verbal communication skills, with an ability to persuasively communicate complex issues
• Ability to analyze problems and formulate conclusions and recommendations
• Excellent organizational skills with the ability to multitask in a complex and dynamic environment
• Excellent leadership skills with ability to build strong relationships and influence stakeholders
• Knowledge of Fixed Income, and Asset-Backed Securities is a plus
• Working knowledge of relevant regulations

Our Values

• Continuously Learn - We challenge ourselves for the sake of getting better as individuals, as teams, and as an organization to deliver for our partners.
• Debate and Commit - We respectfully and openly debate to strengthen our ideas and build shared conviction - once we decide, we go all in, together.
• Dream Big and Act - We boldly tackle complex problems, pressure-test solutions in real-time, and adapt with speed and energy.
• Advance Inclusion - We create a world where everyone can win, designing systems that better represent people and generate sustainable value for our employees, partners and investors.
• Be Accountable Together - We proudly own our actions and our results, taking initiative to ensure our work gets over the finish line as a team.