Chief Credit Officer
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.
As Chief Credit Officer, you will lead an organization of credit professionals directly accountable for managing risk across a diverse lending portfolio, including Home Equity products. You will set enterprise-wide credit risk strategy across originations, pricing, portfolio management, and collections to drive the best outcomes for the lender and investor. Responsibilities include chairing the Credit Committee, engaging directly with the CEO and Board of Directors on all credit-related matters, developing and iterating on proprietary loan products, driving automation efforts to compress the funnel from application to final approval, acting as the primary liaison to regulatory bodies such as the OCC, FRB, and FDIC, overseeing loss forecasting, financial modeling, and stress testing methodologies, and building and managing relationships with investors, managing pricing, hedging, and warehouse functions.
The ideal candidate will have 15–20+ years of experience in credit risk management and portfolio oversight, with an 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 is essential. 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, and a proven track record of managing remediation efforts and maintaining strong relationships with federal regulatory agencies are also required.
Compensation for this role includes a base salary range of $210,000 - $263,000 per year, with a 25% annual bonus target, paid quarterly, and company equity in the form of RSUs. Benefits include 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 and PTO plan, up to 12 weeks paid family leave, and continuing education reimbursement.