Soma Capital Portfolio Jobs

Head of Risk and Underwriting



Posted on Wednesday, May 8, 2024

About Us

Taekus is a fintech startup building a next generation premium financial services brand. We’re doing that by creating seamless and delightful experiences through our products, which includes building a new points infrastructure – a feat that involves both cutting-edge technology and bold new partnerships.
Here we are now — tackling a multi-trillion-dollar opportunity to push the first real innovation in the true super-premium market since the inception of rewards credit cards.

How We're Doing

We launched in early 2023— and already, we’re processing nearly $1 billion in yearly payments with our thousands of cardholders.
To get here, we’ve wrangled partnerships with Visa, multiple banks, and international airlines. We’ve raised two rounds of funding, with investors that include CRV and Brian Kelly of The Points Guy himself.
We are now 10 teammates strong and looking for our next team members. The startup is about to get really hectic really fast, and we're looking for an additional teammate to join us on this adventure.

The Role

Taekus is looking for a Head of Risk and Underwriting to join the Taekus team. As Taekus grows and builds out its products, you’ll help us establish financial control guidelines, tools, administrative standards, and best practices with regards to risk and underwriting. You’ll be staying up to date on competitors and the most recent methods that help support sound risk management. You'll be leading the financial underwriting and risk management side of Taekus’s business.

Your Responsibilities

You would be managing application decisioning, transaction decisioning, portfolio monitoring, & issuing and lending partnerships
Use your experience and knowledge to create and implement our risk assessment and credit underwriting process.
Build out and execute Taekus’s risk management policies across Taekus’s card products - from underwriting, payments, transactions, credit limit changes, collections
Use data analytics and industry knowledge to keep Taekus one step ahead of fraud.
Determine whether we should give potential customers financing by building credit risk models
Work with our engineering team to automate risk assessment and underwriting processes build best in class risk tooling that can also improve the efficiency of our operations
Leverage data and analytics to utilize aggregate customer portfolio for risk and pricing considerations relative to internal targets and benchmarks
Stay on top of emerging underwriting and fraud trends and use that knowledge to improve Taekus’s decisioning systems and policies
Integrate relevant off-the-shelf products when applicable and strategic

What you bring to the table

5+ years of experience leading credit underwriting and / or risk functions at top-tier fintech companies and/or financial institutions
Experience in credit risk modeling and developing credit policy
Experience selecting and integrating new fraud mitigation vendors
The versatility to thrive in a fast-paced, constantly-changing environment
A passion for delivering great experiences to customers and the strong ability to create data-driven approaches

Nice to Haves

Love of credit cards and/or travel hacking
Experience within consumer/ corporate/ small business cards, payments, invoices, lending, or related industries
Experience in high growth startups
Experience building complex financial products
Knowledge of SQL or Python

You’ll love this job if:

You’re a problem solver that likes a challenge — in this case, solving all our customers’ problems
You’re a self-starter who likes having the agency to build systems and a team
You want to join a small but mighty team that’s ready to take on this multi-trillion-dollar market by storm.
You’re into credit card points or at least understand that credit card points are the crux of the premium/superpremium market.
You love travel