Head of Credit Risk

ABOUT ADDI We are a leading financial platform, building the future of payments, shopping, and banking—a world where consumers and merchants can transact effortlessly and grow together. Today, we serve over 2 million customers and partner with more than 20,000 merchants, making Addi Colombia’s fastest-growing marketplace. With a state-of-the-art, technology-first approach, we provide banking solutions (deposits, payments, unsecured credit) and commerce services (e-commerce, marketing), bridging the financial gap for millions and redefining how people experience financial freedom. As the country’s leading Buy Now, Pay Later provider, we have secured regulatory approval to operate as a bank, unlocking even greater opportunities for our customers. In the past year, we have also achieved profitability, reinforcing the strength of our business model and our ability to scale sustainably. Our mission has earned the trust of world-class investors, including Andreessen Horowitz, Architect Capital, GIC, Goldman Sachs, Greycroft, Monashees, Notable Capital, Quona Capital, Union Square Ventures, Victory Park Capital, and more, who back our vision for the future. With their support, we are not just growing—we are transforming Latin America’s financial ecosystem and shaping the next generation to shop, pay, and bank in Colombia. But what truly sets us apart is how we build. We are a conscious company, driven by deep experience in scaling technology, services and products, and we live by our values https://co.addi.com/trabaja-con-nosotros#:~:text=%E2%80%A2%20We%20are%20owners,dentro%20del%20equipo. every day. ABOUT THE ROLE This is where you come in. Below, you’ll find what this role is all about—the impact you’ll drive, the challenges you’ll tackle, and what it takes to thrive at Addi. If you’re ready to be part of something big, keep reading. WHAT’S THE MISSION YOU’LL DRIVE Build a state-of-the-art, independent 2nd line credit risk function from scratch that surfaces the right risks at the right time and enables the transition to a fully regulated setup in Colombia. Keep credit activity within Board-approved risk appetite through strong 1st/2nd line partnership and constructive challenge. WHAT YOU WILL DO - Establish Credit Risk Governance & Framework: Develop a comprehensive Credit Risk Management Framework approved by the Board, aligned with Addi's risk appetite, 3LoD model, and future applicable regulatory requirements of Superintendencia Financiera de Colombia - Regulatory Transition with Fit-for-Purpose 1st and 2nd Line Delineation: Develop a 1st and 2nd line operating model that builds upon the strength and success of Addis existing lending business. Enable a successful transition from unregulated to regulated credit operations by being a trusted change partner to the 1st line, and building out a lean and targeted 2nd line function. - Define & Maintain Credit Risk Appetite: Establish quantitative and qualitative credit-risk appetite statements with measurable metrics (risk appetite framework under SFC regulation, risk capital budgets, portfolio risk economics, early warning thresholds, concentration limits, stress loss sensitivity, etc.). Monitor and report portfolio position against appetite monthly to CRO, Risk Committee and Board. - Independently Assess & Challenge Credit Decisions: Conduct periodic independent reviews of underwriting policies, credit models, portfolio strategies, and new initiatives. Deliver formal challenge reports to CRO and governance bodies ensuring alignment with risk appetite. - Establish Independent Model Governance & Validation: Build model risk management framework covering all credit related decision models. Define appropriate 1st and 2nd line delineation in alignment with key stakeholders. Implement validation, back-testing, and performance monitoring aligned with applicable regulatory expectations on segregation of duties. - Strengthen Portfolio Stress Testing & Scenario Analysis: Design and execute s