Senior Manager, Non-Credit Risk Management (Operational Risk)

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At OnDeck, we make small business a big deal. We’re improving the world’s economic landscape by changing the way small businesses access capital. We care intensely about each other, our company and the customers we serve, and are committed to making every day count.

The Risk Management team creates competitive advantage for OnDeck through excellence in risk/reward optimization while simultaneously exercising its function of control in a vigorous and diligent fashion. The Risk Management team develops strategies and models to extend credit in a profitable manner to small businesses and their owners based on a strong understanding of the behavioral and commercial drivers of its customers and on sophisticated analysis of data. As the control function of OnDeck, the Risk Management Team ensures that that the portfolio, policies, strategies, new product features or operational processes at OnDeck are consistent with the risk appetite set by the management team and the board.

As Senior Manager of Non-Credit Risk Management at OnDeck, you will:

Have the unique opportunity to bring an entrepreneurial mindset to formalize, launch and manage the market, liquidity and operational risk function across all business units at OnDeck. This is a brand new role where you can make an immediate impact by establishing new frameworks, policies and procedures to assess and manage market, liquidity and operational risk for OnDeck. You will be responsible for developing a risk control framework that balances the needs of a financial company that thrives on change and speed, is in line with the risk appetite of OnDeck and within the regulatory framework of the financial industry. You will work closely with C-suite, senior management and key business partners to assess the effectiveness of the current controls, improve on and develop additional controls and measure the residual risk for the organization. As 2nd line of defense you will identify, assess, prioritize risks and develop reporting to communicate these risks to senior management. You will also lead the development of statistical models to measure the capital impact of market, liquidity and operational risk.

Necessary qualifications for success:

  • 5-8 years of total experience in financial services
  • 3-5 years of experience in Operational Risk at a large financial bank
  • 3-5 years of experience in Market and Liquidity Risk
  • 1+ year of people management experience
  • Undergraduate degree or equivalent experience required. Advanced degree preferred

Required Skills:

  • Advanced knowledge of risk regulatory frameworks and the ability to design and implement new policies and procedures
  • Ability to apply sound judgment in evaluating risks and controls; Effectively challenge the business on the identification and acceptance of risks and the adequacy of controls.
  • Strong analytical, critical thinking and problem-solving skills
  • Strong interpersonal skills for partnering and influencing at various levels in the organization
  • Excellent organizational, managerial and project management skills, with the discipline to set and achieve goals with management support
  • Excellent interpersonal, verbal and written communication skills
  • Ability to work independently and in a team environment
  • Ability to manage multiple tasks/projects and deadlines simultaneously

About OnDeck:

As the largest online small business lender in the U.S. serving more than 700 different industries, we have been trusted by over 80,000 small businesses by providing them with a term loan or line of credit to help them build growing and thriving enterprises. Since 2007, we’ve issued over $8 billion in capital.

Join us as we enable small businesses to achieve their goals. At OnDeck, we’re reinventing small business financing. We care intensely about each other, our company and the customers we serve, and are committed to making every day count. We are small enough to be nimble and strong enough to make a big impact.

Benefits for you:

OnDeck believes that each and every team member plays an important role in our company’s success. That’s why we strive to provide you and your family with a competitive and comprehensive benefit program with a variety of options and opportunities. We offer:

  • Generous Vacation
  • Comprehensive Healthcare
  • Educational Reimbursement
  • 401k Matching
  • Parental Leave
  • Sports Teams
  • Stocked Kitchens
  • Loan Consolidation

We are going to ask you to talk about your accomplishments. Here are some of ours:

  • WorldatWork, 2017 Seal of Distinction
  • Fortune 50 Best Workplaces for Diversity, 2016
  • Fortune 50 Best Small and Medium Companies to Work For, 2016
  • Fortune 30 Best Workplaces in Finance and Insurance, 2016
  • Built in Colorado, Top 100 Digital Companies in Colorado, 2015, 2016, 2017
  • Crain’s New York Business Fast 50, 2013, 2014, 2015, 2016, 2017
  • Fortune and Great Place to Work 100 Best Workplaces for Millennials, 2015
  • Fortune/Great Place To Work Great Rated! People’s Picks: 20 Great Workplaces in Financial Services, 2015
  • Crain’s New York Best Places to Work, 2013, 2014, 2015
  • Colorado SHRM Best Companies to Work For in Colorado, 2015
  • Forbes’ America’s Most Promising Companies, 2013, 2014
  • Selling Power Magazine Best Company to Sell For, 2013, 2014, 2015, 2016, 2017
  • 500|5000, 2013, 2014

As part of our dedication to maintaining an inclusive and diverse workforce, OnDeck provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, OnDeck complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

OnDeck expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of OnDeck’s employees to perform their job duties may result in discipline up to and including discharge.

**No external recruiters or agents, please.**

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RLanguages
    • SqlLanguages
    • ConfluenceManagement
    • JIRAManagement
    • WordpressCMS
    • SalesforceCRM

Location

A short walk from the Empire State Building and Times Square, our office is located amid the bustle of midtown Manhattan.

An Insider's view of Enova

What’s the vibe like in the office?

OnDeck’s offices have a distinct vibe creating a unique culture that drives passion and individuality. There is empowering messaging throughout the office on each of our floors, designed by our very own Marketing team, through GIANT wall decals and framed posters with a focus on success highlighting team members.

Manny

Manager, Strategic Partnerships Sales

How do you collaborate with other teams in the company?

Communication is key when collaborating cross functionally. My team works very closely with sales and we have multiple methods of communication. This includes monthly email reports and high level check ins in addition to the day-to-day interactions that take place at an agent level. Our location in the office also allows for easy interactions.

Chris

Manager – TLP Program

What are Enova Perks + Benefits

Enova Benefits Overview

Enova believes that each and every team member plays an important role in our company’s success. That’s why we strive to provide you and your family with a competitive and comprehensive benefit program with a variety of options and opportunities.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
Pair programming
Open office floor plan
Flexible work schedule
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Employees have the option to set aside pre-tax dollars to pay for eligible Medical, Dental and Vision expenses as well as eligible child care expenses.
Disability insurance
Our short-term plan provides a level of continued income in the event you become disabled and cannot work. Should your disability extend past 26 weeks, LTD kicks in at 60% of base monthly earnings.
Dental insurance
Employees can choose from two dental plans including one that is offered at no cost for employee only coverage.
Vision insurance
Our Vision plan provides affordable eye care and discounts to cover routine eye exams, prescription eyeglasses or contact lenses.
Health insurance
We offer employees flexibility to choose from several comprehensive medical plans.
Life insurance
Our basic life insurance plan is a core benefit provided by the company at no cost to you. You can purchase additional life insurance for yourself, spouse or domestic partner and eligible dependents.
Pet insurance
You have the option to elect pet insurance which includes coverage for veterinary expenses related to accident and illnesses.
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
Our 401(k) plan provides you with an opportunity to invest in your future with the option of contributing pre-tax into your retirement account.
401(K) matching
We currently match 50% up to the first 6% of your deferrals.
Performance bonus
Annual incentives also referred to as bonuses are based on achievement of personal and company performance targets.
Charitable contribution matching
Child Care & Parental Leave
Childcare benefits
Generous parental leave
Family medical leave
Return-to-work program post parental leave
Company sponsored family events
Vacation + Time Off
Paid volunteer time
If team members volunteer during the work day, they are paid for their time.
Sabbatical
Paid holidays
Paid sick days
Office Perks
Commuter benefits
The commuter benefits plan provides you with the opportunity to pay for your commuting costs (mass transit and parking) with pre-tax dollars (up to the IRS maximums).
Company-sponsored outings
Free snacks and drinks
Variety of healthy and delicious snacks including yogurt, cereal, nuts, oatmeal...as well as drinks and coffee.
Some meals provided
Company-sponsored happy hours
Bi-weekly social hour in each office, alternating breakfast and evening to accommodate different team member lifestyles.
Onsite office parking
Fitness stipend
Home-office stipend for remote employees
Onsite gym
Professional Development
Job training & conferences
Each department gets a set budget every year to send their own team members to job training and conferences relevant to their job and development.
Tuition reimbursement
Team members are eligible to apply for tuition reimbursement for various career and professional development opportunities.
Lunch and learns
We host lunch and learn meetings on occasion.
Promote from within
Mentorship program
Continuing education stipend
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Sabbatical program • Recognition programs • On-site discounted manicures, haircuts and massages • After-hours food delivery and commuting reimbursement • Monthly social events • Discounted gym memberships • Pet insurance

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