VP, OpenSky Head of Credit Acquisitions

About Us
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

At OpenSky, we believe that everyone has the right to access credit and achieve their financial goals. We have helped over 1.2 million customers get started and continue their path to realizing their financial goals. And we want to help and grow with our customers even more - by expanding our offerings to support them in their credit journey, and providing compelling products and digital solutions for education, advice, and financial services.

OpenSky is a high-growth, data-driven, dynamic, and entrepreneurial environment where you are limited only by your imagination. You'll work with some of the brightest and most passionate minds in the FinTech industry, and from day one, start having a real impact on consumers' lives and financial goals.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

As the OpenSky Head of Credit Acquisitions, you will lead a team responsible for developing and maintaining the acquisitions credit strategy for a credit card lending business. We are looking for an experienced credit thinker with exceptional business judgment, analytical skills, strategic thinking, and leadership skills. You'll work with executive leadership to shape recommendations, playing a pivotal role in OpenSky's expansion from secured lending to unsecured lending. This is a hands-on leadership role with the opportunity to lead an expanded team over time after demonstrated success. The leader who takes on this role will have an opportunity to impact the bottom line, and they will need an eye for careful risk management.

Position Responsibilities

• Establish strategy for launching unsecured credit card product, including product strategy, channel strategy, eligibility criteria, and long-term testing roadmap
• Develop and manage credit policies that align with OpenSky's strategic objectives and risk appetite
• Leverage sound business judgment to evaluate analytical results and formulate recommendations
• Lead development of valuations model to drive data-backed decisions
• Identify potential credit risks and develop mitigation strategies. Utilize advance analytics to inform rule and policy decisions.
• Provide strategic insights and recommendations based on industry best practices
• Manage overall project deliverables and timelines, ensuring results are delivered on time and with quality
• Present findings and recommendations to executive leadership, influencing company business strategy
• Collaborate with cross-functional partners across the organization to bring strategies to market
• Oversee the credit portfolio, monitor performance, and implement strategies to optimize credit quality and profitability over time
• Lead, elevate, and scale a high-performing team

Minimum Education and Experience

• Bachelor's degree in a Quantitative field (e.g. Statistics, Data Science, Engineering, Economics, Finance, Business)
• 7-10+ years of experience in advanced analytics, including developing credit policies in unsecured lending
• 5+ years of experience developing and implementing credit policies, underwriting frameworks, and customer valuations models
• 2-5+ years of experience leading analytical teams
• People leadership experience: Prior experience effectively managing, scaling, motivating, and developing a high-performing team

Technical Knowledge and Skills

• A proven track record of decision making and problem solving based on analytics
• Have an ownership mindset and exceptional project management skills
• Highly proficient with analytical tools such as Python and SQL
• Relentless persistence in solving problems
• Strong written and verbal communication skills: ability to clearly and effectively communicate complex analytical insights to both technical and non-technical audiences
• Strong organizational skills with ability to set priorities in a multi-task environment and meet deadlines.
• High level of professionalism and ability to work both independently and part of a team.

Working Arrangements

• This is a hybrid role expected to work in office Monday, Tuesday, Thursday, and Friday. You will be able to work remotely on Wednesday.

Compensation

• Base Salary Range: $170,000 - $220,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as relevant experience, skill set, education, and ability to meet qualifications within the job description.
• Additional Compensation: This role will include a yearly annual target bonus based on individual performance.

Why Join Us?

• Join a growing company with a culture that fosters an entrepreneurial spirit
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more!
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an E-Verify, Affirmative Action and Equal Opportunity Employer.