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 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 stress testing programs assessing portfolio resilience under adverse conditions. Translate results into actionable insights for capital planning and provisioning, meeting applicable regulatory requirements.

• Establish Independent Provisioning Oversight & Validation: Develop and maintain independent 2nd-line oversight of credit loss provisioning methodologies under both IFRS 9 and Colombian regulatory standards

• Govern Credit Risk Data Quality & Reporting: Establish data governance standards ensuring accuracy and timeliness of portfolio data. Define critical data elements, reconciliation processes, and independently validate data integrity from origination through collections.

What we’re looking for

• Proven Experience in Establishing and Maturing Credit Risk Governance

  • Has 10+ years of progressive experience in credit risk across the full lifecycle (origination, portfolio, collections), with a minimum of 5 years in a 2nd Line risk oversight or governance role in a regulated context.

  • Track record of establishing or significantly transforming comprehensive credit risk governance programs (including frameworks, policies, and charters) in high-growth environments.

  • Demonstrates the ability to translate operational credit risk knowledge into effective independent 2nd-line challenge, validation, and risk-assurance practices.

• Possesses Strong Expertise in Risk Appetite Definition

  • Experienced in defining, monitoring, and reporting qualitative and quantitative credit risk appetite statements

  • Skilled in ensuring measurable alignment between quantitative metrics and the Board-approved Risk Appetite Framework and relevant regulatory expectations.

  • Able to communicate fluently in English, a requirement for high-level reporting and international coordination.

• Has Solid Expertise in Colombian Regulatory Alignment, incl. Loan Loss Provisioning

  • Strong understanding of Colombian financial regulations (e.g., Circular Básica Contable y Financiera from Superfinanciera) or a proven ability to learn them quickly and apply them immediately to the framework.

  • Experienced in designing and maintaining credit risk control frameworks that achieve auditable compliance with these regulatory standards.

  • Experienced in defining provisioning policy and guardrails under IFRS 9 Expected Credit Loss framework. Conducts ongoing independent validation of staging logic, parameter calibration, and scenario assumptions.

  • Strong understanding of Colombian provisioning requirements, or ability to learn fast. Defines 2nd-line standards for risk classification and provision calculations, independently validates 1st-line execution, and ensures dual reporting reconciliation between international and local regulatory frameworks.

• Demonstrates Ability to Independently Assess, Challenge, and Validate Credit Models

  • Experienced in performing independent validation of all relevant credit decision models, defining appropriate 1st and 2nd line delineation.

  • Capable of conducting rigorous back-testing, performance monitoring, and stability analysis to identify model drift, data quality issues, and calibration weaknesses.

  • Adept at challenging underwriting policy changes, new product launches, and credit strategy shifts, translating complex metrics into clear, data-driven recommendations for the CRO and Governance bodies.

• Track Record of Proficiency in Portfolio Monitoring and Stress Testing

  • Deep understanding of portfolio segmentation, cohort analysis, vintage performance tracking, and early warning indicator (EWI) frameworks, with the ability to independently assess their adequacy.

  • Skilled in designing and executing credit stress testing programs (macroeconomic shocks, concentration risk) and translating results into actionable insights for capital adequacy assessments and provisioning recommendations.

  • Experienced in independently assessing the effectiveness of collections strategies, recovery rates, and write-off policies through performance analytics and benchmarking.

• Experienced in Driving a Risk-Aware and Sustainable Credit Culture

  • Advocates for "sustainable-by-design" credit principles, successfully balancing growth ambitions with prudent risk-taking across product, underwriting, and collections functions.

  • Leverages first-line empathy and operational credibility to influence and embed accountability for credit risk ownership throughout the business without direct authority.

  • Champions continuous improvement, integrating lessons learned (e.g., vintage post-mortems, model back-testing results) into governance, policy, and credit training programs to mature the organization

Why join us?

• Work on a problem that truly matters – We are redefining how people shop, pay, and bank in Colombia, breaking down financial barriers and empowering millions. Your work will directly impact customers' lives by creating more accessible, seamless, and fair financial services.

• Be part of something big from the ground up – This is your chance to help shape a company, influencing everything from our technology and strategy to our culture and values. You won’t just be an employee—you’ll be an owner

• Unparalleled growth opportunity – The market we’re tackling is massive, and we’re growing faster than almost any fintech lender at our stage. If you’re looking for a high-impact role in a company that’s scaling fast, this is it.

• Join a world-class team – Work alongside top-tier talent from around the world, in an environment where excellence, ownership, and collaboration are at the core of everything we do. We care deeply about what we build and how we build it—and we want you to be a part of it.

• Competitive compensation & meaningful ownership – We believe in rewarding our talent. You’ll receive a generous salary, equity in the company, and benefits that go beyond the basics to support your growth.

How the hiring process looks like

We believe in a fast, transparent, and engaging hiring experience that allows both you and us to determine if there's a great fit. Here’s what our process looks like:

• Step 1: People Interview (30 min)
  A conversation with a recruiter to get to know you, your experience, and what you're looking for. We’ll also share more about Addi, our culture, and the role.

• Step 2: Initial Interview (45 min)
  A more in-depth conversation with the hiring manager, where we explore your skills, experience, and problem-solving approach. We want to understand how you think and work.

• Step 3: Deep Dive Interviews (30-60 min each)
  You'll meet future colleagues and cross-functional team members to get a feel for how we work together. We’re looking for strong contributors and cultural fits, so bring your questions, too!

• Step 4: Case Study (3-5 Days)
  You may receive a real-world challenge or case study to complete. This is a chance to showcase your expertise and how you approach key problems relevant to the role.

• Step 5: Co-Founder Interview
  If there’s a strong match, you’ll have a final conversation with our Founder to align on expectations, cultural fit and ensure

We value efficiency and respect for your time, so we aim to complete the process as quickly as possible. Our goal is to make this experience insightful and exciting for you, just as much as it is for us. Regardless of the outcome, we are committed to always providing feedback, ensuring that you walk away with valuable insights from your experience with us.