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Pagaya Investments

AI-powered asset management and ABS issuance

Senior Lead, Market Risk - Market Risk

Risk ManagementConfirmed live in the last 24 hours
Full-timeNew York, NY, USA$130k - $160kIn-person

About the Job

Requirements

  • An undergraduate degree majoring in Finance, Accounting, Economics, Business, or Engineering and a minimum of 8 years of experience in a consumer finance or lending institution are required.
  • Demonstrated experience in Credit Risk, Asset-Backed Securities, and Counterparty Risk management, with knowledge of relevant regulations and standards, is required.
  • Advanced knowledge of Microsoft Excel, PowerPoint, and related Google Suite tools is required, along with the ability to work with various data sources and tools.
  • A high degree of comfort preparing executive-level materials is required.
  • Excellent written and verbal communication skills are required to persuasively communicate complex issues, along with outstanding attention to detail.
  • The ability to independently analyze problems and formulate recommendations or conclusions is required.
  • Excellent organizational skills and the ability to multitask in a complex and dynamic environment are required.

Responsibilities

  • Assess the performance of Pagaya’s financing vehicles, including securitizations and forward flow arrangements, by conducting attribution analyses, ongoing monitoring, and independent valuations.
  • Conduct market analyses and peer benchmarking, understanding broader credit industry trends and those of 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, including 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 these matters through ongoing forums and committees.

Desired Qualifications

  • CFA, FRM, MBA, or other advanced credentials are a plus.
  • Familiarity with Intex and dv01 is a plus.

About the Company

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Pagaya Investments

AI-powered asset management and ABS issuance

Pagaya Investments uses artificial intelligence to manage institutional money through asset management products, especially asset-backed securities (ABS). It analyzes large datasets with machine learning to uncover opportunities in complex credit markets and to understand consumer behavior, then issues and actively manages AI-driven ABS for institutional investors. The product works by collecting data, training models to forecast cash flows and credit risk, structuring ABS, and continuously supervising them with AI, often in collaboration with tech-enabled partners. The company differentiates itself through large-scale, AI-powered active management of ABS, data-driven consumer insights, and an ecosystem of partnerships, enabling rapid development of end-to-end financial solutions. Its goal is to grow asset management by delivering AI-enabled financial products that deepen understanding of consumer behavior and improve returns for institutional clients.

Company size
201-500
Company stage
IPO
Headquarters
New York City, New York
Founded
2016

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