Head of Credit Risk

Head of Credit RiskLocation: Remote (Canada)Department: CreditBase Salary: $180,000 – $230,000 CAD + bonus + meaningful equityAbout Orion DigitalOrion Digital is a publicly listed company (NASDAQ & TSX) building a multi-engine financial platform spanning lending, payments (Carta), and wealth (Intelligent Investing).The company is evolving from a traditional fintech model toward a more integrated, data-driven platform where capital allocation, decisioning, and risk management sit at the core of how value is created.With an established operating base and multiple growth vectors, the opportunity is to help shape a business that combines recurring revenue streams with long-term equity upside.AI is being integrated as an enabling layer across the platform, supporting more real-time, data-driven decisioning, rather than treated as a standalone product narrative.About the RoleAs Head of Credit Risk, you will own the performance, profitability, and risk posture of Orion Digital’s lending business.This role operates as the control point for capital deployment, determining how risk is taken, how the portfolio evolves, and how capital is protected through changing conditions.You are accountable for how capital is deployed, how risk is managed, and how the portfolio performs. This includes full ownership of underwriting strategy, portfolio outcomes, lender relationships, and collections and fraud strategy.This role reports directly to the President & CFO, reflecting the importance of credit as a core capital allocation function within the business. You will work closely with senior leadership on portfolio performance, risk posture, and capital deployment decisions, while maintaining autonomy to act.This is an operating role with full authority over underwriting and originations. You are expected to actively manage the book in real time, adjusting strategy, tightening or expanding the credit box, and protecting capital as conditions evolve.Over time, this role will help shape how risk and decisioning frameworks extend across a broader platform spanning lending, payments (Carta), and wealth (Intelligent Investing).You are responsible for outcomes, including losses.What Makes This Role DifferentCredit is treated as a capital allocation function, not just underwritingDirect reporting line to the President & CFO with close involvement in capital decisionsFull authority to adjust originations and risk posture to protect the businessDirect ownership of portfolio performance and risk-adjusted returnsPart of a broader platform spanning lending, payments (Carta), and wealth (Intelligent Investing)Opportunity to build a more real-time, data-driven risk system, leveraging data across the platformA leadership team aligned around discipline and long-term capital preservation, not growth at any costDirect impact on long-term equity value through credit performanceWhat You’ll OwnCredit strategy and risk appetite across the full lending lifecycleUnderwriting policy, segmentation, and approval frameworksPortfolio performance, including delinquency, roll rates, charge-offs, and net lossesRisk-adjusted profitability and capital efficiency of the credit bookOriginations strategy, including dynamic adjustment based on portfolio signalsLender relationships, covenant management, and forward risk positioningCollections strategy and recovery performanceFraud strategy and risk thresholdsOngoing adjustment of strategy based on portfolio performance and macro conditionsHands-on review of portfolio trends, cohort performance, and emerging risk signalsLeadership of the credit risk function and alignment across teamsDevelopment of risk frameworks that can extend across multiple product linesWhat You Bring10–15+ years in credit risk within consumer lending, fintech, or financial servicesProven ownership of a credit portfolio, including losses and profitabilityDeep understanding of subprime or near-prime lending dynamicsExperience across underwriting, portfolio management, and collectionsStrong judgment balancing growth, profitability, and downside riskExperience operating in environments with real loss exposure and volatilityExperience working with capital providers and managing covenantsAbility to operate both strategically and hands-on in day-to-day portfolio decisionsLeadership experience building and managing high-performing teamsAbility to build and operate systems that enable real-time portfolio controlClear communication with internal leadership and external stakeholdersCompensation & BenefitsBase Salary: $180,000 – $230,000 CADPerformance-based bonusMeaningful equity participation tied to long-term value creationComprehensive health, dental, and vision coverageFlexible vacation and remote-first work environmentFinal NoteThis role is designed for someone who wants full ownership of a credit business and its outcomes.You will be expected to make decisions that directly impact capital, including the discipline to slow growth and pull back risk when conditions warrant, while positioning the portfolio for long-term, risk-adjusted performance.

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