Full-Time

Business Risk Management Associate

Confirmed live in the last 24 hours

Avant

Avant

501-1,000 employees

Online personal loans and credit cards

Fintech
Financial Services

Entry, Junior

Chicago, IL, USA

Hybrid position requiring three in-office working days per week at Avant's HQ in Downtown Chicago.

Category
Risk Management
Finance & Banking
Required Skills
SQL
Data Analysis
Requirements
  • Familiarity with operational risk management concepts and practices, and ability to deliver insights and recommendations to leadership stakeholders
  • Experience in querying and analyzing large datasets on a regular basis to assess scope and impact
  • A collaborative and cross-functional skillset with the ability to develop working relationships with business and functional partners
  • Strong collaboration and cross-functional skill set with the proven ability to develop effective working relationships with business and functional partners to influence decisions
  • Experience with project management and the ability to independently manage multiple priorities while delivering a quality work product
  • A strong moral compass and a commitment to high ethical standards
  • Bachelor’s degree in Finance, Business Administration, Accounting, or comparable experience
  • 2+ years of work experience in Risk Management, Audit, Compliance, or Project Management capacity
  • 2+ years of experience on projects within a complex business environment preferred
  • 1+ years of experience with SQL preferred
  • Advanced Microsoft Office skills required
Responsibilities
  • Drive Avant’s Corrective Action program forward by reviewing and reconciling internal and external risk incidents/loss events to ensure that incidents are addressed in a timely manner consistent with incident management response standards
  • Develop close partnerships across lines of business and drive discussions with business stakeholders to ensure that key risks are properly identified, managed and mitigated
  • Document and develop front-line controls, identify emerging risks and material enterprise-wide risk issues
  • Create strong documentation surrounding risk identified in Avant operations and develop front-line controls in partnership with key stakeholders to ensure risk mitigation in the future
  • Support change management for new products, business initiatives and strategies, and assess impact on the division’s risk profile to ensure a consistent customer focus through Avant operations
  • Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency across the organization

Avant provides online lending services, focusing on personal loans and credit cards. Customers can apply for personal loans ranging from $2,000 to $35,000 and credit cards with limits between $300 and $1,000. The application process is entirely online, allowing for quick approvals and a transparent experience. Avant's loans come with interest rates between 9.95% and 35.99% APR, and the company earns revenue through these interest rates and associated fees. What sets Avant apart from competitors is its user-friendly application process, fast approval times, and strong customer support. The goal of Avant is to make borrowing more accessible and affordable, helping individuals secure the funds they need while also providing resources for financial education to assist in credit building.

Company Stage

Acquired

Total Funding

$757.8M

Headquarters

Chicago, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-7%

2 year growth

-4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Avant's recent $250 million funding from Ares Management provides significant capital for expansion and innovation.
  • The acquisition of ReadyForZero bolsters Avant's smart lending platform, potentially improving customer experience and operational efficiency.
  • Avant's strong year-over-year revenue growth of 96% in Q2 FY23 indicates robust financial health and promising growth prospects.

What critics are saying

  • The high interest rates, ranging from 9.95% to 35.99% APR, could deter potential customers and attract regulatory scrutiny.
  • The competitive landscape of online lending is fierce, with numerous fintech companies vying for market share, which could impact Avant's growth.

What makes Avant unique

  • Avant offers a fully online lending platform with fast approval times, setting it apart from traditional lenders who often have slower, more cumbersome processes.
  • The company's focus on transparency and not affecting credit scores during eligibility checks provides a user-friendly experience that builds trust with customers.
  • Avant's strategic partnerships, such as the co-branded MLS Forward Credit Card, enhance its market presence and diversify its product offerings.

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