Vice President, Portfolio Risk Management - Austin, United States - Ouro
Description
About the company:
Ouro is dedicated to delivering financial empowerment to millions of Americans, leveraging a proprietary payments technology platform that fuels its fintech product innovations.
From prepaid, credit and debit account solutions, to digital account and money movement services, Ouro has a broad suite of products and technologies that deliver exceptional experiences for its customers and business partners across co-branded, white label and banking-as-a service verticals.
Since its founding in 1999, Ouro products have helped millions of consumers nationwide, and processed tens of billions of dollars.
Present day:
Legendary Austin fintech Ouro has opened a new chapter in its role as market maker with the return of its visionary founders Roy and Bertrand Sosa.
The combined company meshes Ouro's customer and partner portfolios, payments platform and innovations with the international footprint and money movement capabilities of Rêv Worldwide, the company the Sosas founded after Ouro.
The reunion creates a revitalized financial services innovator on a mission to reimagine financial services for consumers around the world and to redefine the industry once again.
Ouro fosters a high-performance culture and we are building a unified platform and product suite capable of bringing financial mobility and freedom to consumers around the world despite differences in language, currency, culture, and geography.
Position Overview:
As the Vice President of Portfolio Risk Management, you'll lead a team responsible for
overseeing and optimizing the risk management strategies of Ouro's consumer payment
products and services. Your role will involve developing and executing risk mitigation strategies,
ensuring compliance with regulatory requirements, and leveraging analytics to enhance portfolio
performance.
Key Responsibilities :
Risk Strategy Development:
Develop comprehensive risk management strategies for Ouro's global payment
portfolios to achieve optimal risk-adjusted returns.
Identify emerging risks and opportunities within the portfolios and devise proactive strategies to address them.
Portfolio Analytics and Optimization:
Use advanced analytics and modeling techniques to assess portfolio performance, identify key risk drivers, and optimize risk-return profiles.
Collaborate with cross-functional teams to implement portfolio optimization
Credit Policy and Underwriting Standards:
Lead the development and refinement of credit policies, underwriting, pricing, authorization strategies, and risk assessment methodologies that balance risk management and customer experience.
guidelines, regulatory requirements, and industry best practices.
Fraud Risk Management:
Oversee the design and implementation of robust fraud prevention and detection strategies to safeguard debit and credit payment channels.
Partner with fraud management teams to enhance fraud analytics capabilities, monitor fraud trends, and mitigate potential losses.
Regulatory Compliance and Governance:
Ensure compliance with regulatory requirements, including Regulation Z, Regulation E, PCI DSS, and other relevant regulations governing debit and credit payment operations.
Stakeholder Engagement and Communication:
Collaborate with senior management, business leaders, and regulatory stakeholders to communicate risk insights, portfolio performance metrics, and strategic recommendations.
Present risk management initiatives and outcomes to executive leadership and board committees, providing transparency and accountability.
Qualifications:
Minimum of 10 years of progressive experience in portfolio risk management, with a focus on debit and credit payment products within the financial services industry.
Proven leadership experience, with the ability to inspire and motivate teams to achieve strategic objectives in a dynamic environment.
Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels of the organization and build collaborative relationships.
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