Head of Credit Risk

Location: Remote (Canada)
Department: Credit
Base Salary: $180,000 – $230,000 CAD + bonus + meaningful equity

About Orion Digital

Orion Digital is a publicly listed company (NASDAQ & TSX) building a multi-engine financial platform spanning lending, payments (Carta), and wealth (Intelligent Investing).

The company is evolving from a traditional fintech model toward a more integrated, data-driven platform where capital allocation, decisioning, and risk management sit at the core of how value is created.

With an established operating base and multiple growth vectors, the opportunity is to help shape a business that combines recurring revenue streams with long-term equity upside.

AI is being integrated as an enabling layer across the platform, supporting more real-time, data-driven decisioning, rather than treated as a standalone product narrative.

About the Role

As Head of Credit Risk, you will own the performance, profitability, and risk posture of Orion Digital’s lending business.

This role operates as the control point for capital deployment, determining how risk is taken, how the portfolio evolves, and how capital is protected through changing conditions.

You are accountable for how capital is deployed, how risk is managed, and how the portfolio performs. This includes full ownership of underwriting strategy, portfolio outcomes, lender relationships, and collections and fraud strategy.

This role reports directly to the President & CFO, reflecting the importance of credit as a core capital allocation function within the business. You will work closely with senior leadership on portfolio performance, risk posture, and capital deployment decisions, while maintaining autonomy to act.

This is an operating role with full authority over underwriting and originations. You are expected to actively manage the book in real time, adjusting strategy, tightening or expanding the credit box, and protecting capital as conditions evolve.

Over time, this role will help shape how risk and decisioning frameworks extend across a broader platform spanning lending, payments (Carta), and wealth (Intelligent Investing).

You are responsible for outcomes, including losses.

What Makes This Role Different

• Credit is treated as a capital allocation function, not just underwriting
• Direct reporting line to the President & CFO with close involvement in capital decisions
• Full authority to adjust originations and risk posture to protect the business
• Direct ownership of portfolio performance and risk-adjusted returns
• Part of a broader platform spanning lending, payments (Carta), and wealth (Intelligent Investing)
• Opportunity to build a more real-time, data-driven risk system, leveraging data across the platform
• A leadership team aligned around discipline and long-term capital preservation, not growth at any cost
• Direct impact on long-term equity value through credit performance

What You’ll Own

• Credit strategy and risk appetite across the full lending lifecycle
• Underwriting policy, segmentation, and approval frameworks
• Portfolio performance, including delinquency, roll rates, charge-offs, and net losses
• Risk-adjusted profitability and capital efficiency of the credit book
• Originations strategy, including dynamic adjustment based on portfolio signals
• Lender relationships, covenant management, and forward risk positioning
• Collections strategy and recovery performance
• Fraud strategy and risk thresholds
• Ongoing adjustment of strategy based on portfolio performance and macro conditions
• Hands-on review of portfolio trends, cohort performance, and emerging risk signals
• Leadership of the credit risk function and alignment across teams
• Development of risk frameworks that can extend across multiple product lines

What You Bring

• 10–15+ years in credit risk within consumer lending, fintech, or financial services
• Proven ownership of a credit portfolio, including losses and profitability
• Deep understanding of subprime or near-prime lending dynamics
• Experience across underwriting, portfolio management, and collections
• Strong judgment balancing growth, profitability, and downside risk
• Experience operating in environments with real loss exposure and volatility
• Experience working with capital providers and managing covenants
• Ability to operate both strategically and hands-on in day-to-day portfolio decisions
• Leadership experience building and managing high-performing teams
• Ability to build and operate systems that enable real-time portfolio control
• Clear communication with internal leadership and external stakeholders

Compensation & Benefits

• Base Salary: $180,000 – $230,000 CAD
• Performance-based bonus
• Meaningful equity participation tied to long-term value creation
• Comprehensive health, dental, and vision coverage
• Flexible vacation and remote-first work environment

Final Note

This role is designed for someone who wants full ownership of a credit business and its outcomes.

You will be expected to make decisions that directly impact capital, including the discipline to slow growth and pull back risk when conditions warrant, while positioning the portfolio for long-term, risk-adjusted performance.

Benefits of working with us:

• Fully Remote Work - Unless otherwise specified in the job posting, Orion offers flexible remote work, supported by the tools and resources needed to succeed.
• Comprehensive Health Benefits - Access to medical, dental, and vision coverage plus a Health Spending Account
• Stock Options - Meaningful equity participation aligned with long-term value creation and company growth
• Flex Vacation - Benefit from paid time off, including vacation and personal days
• Wellbeing Programs - Access counselling services, mental health support, and additional wellness resources