Market Risk

About Pagaya

**Shape the Future of Finance

Pagaya is building a leading artificial intelligence network to help our partners grow their businesses and better serve their customers.**

Pagaya is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

Let's create better outcomes together!

About the Role

We’re looking to add a Senior Lead, Market Risk as an integral part of the Enterprise Risk Management team, providing oversight and analytical review of Pagaya’s investment vehicles, counterparties, and overall market risks. 

Responsibilities

• Assess performance of Pagaya’s financing vehicles (e.g., securitizations and forward flow arrangements), conducting attribution analyses, ongoing monitoring, and independent valuations
• Conduct market analyses and peer benchmarking, understanding broader credit industry trends as well as those of our lending partners
• Provide second line oversight of liquidity, funding, and risk retention decisions, as well as related performance triggers and covenants 
• Liaise across Portfolio Management, Research, and Finance teams to understand and mitigate relevant risks
• Evaluate the financial viability, creditworthiness, and operational health of third parties (e.g., lending partners, servicers, and other counterparties)
• Support coordination of inbound and outbound due diligence requests across lending partners 
• Maintain, develop, and prepare executive-level reporting on the above items through various ongoing forums and committees

Requirements

• Undergraduate degree majoring in Finance, Accounting, Economics, Business, or Engineering with a minimum of 8 years of experience in a consumer finance/lending institution
• Demonstrated experience in Credit Risk, Asset-Backed Securities, and Counterparty Risk management, with knowledge of relevant regulations and standards