As the Founding Head of Credit & Risk at Frank, you will join the leadership team to own the company’s entire credit function. You will build underwriting models from scratch using live cash-flow data, manage sponsor bank relationships, and lead risk strategy during a period of 5-10% daily growth. This is a high-stakes, founding-team role.
Founding Head of Credit & Risk at Frank
Frank is building an agentic bank for the 36 million US small businesses that legacy banks ignore. As the Founding Head of Credit & Risk, you’ll join the core leadership team to own every dollar put at risk during a phase of 5-10% daily growth. This is a rare opportunity to build a bank's credit function from a blank piece of paper, designing underwriting models from scratch using live cash-flow data. With significant equity and a direct hand in shaping the company’s future, you will bridge the gap between AI-driven innovation and regulatory-grade model governance for the next generation of business owners.
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Location
New York, United States
Compensation
$185k-$220k + Equity
Company
Frank
Role overview
Frank is building an agentic bank for small businesses. Our first product is a deposit backed credit card that is growing 5 - 10% per day!
What you will do
- Architect and build the end-to-end underwriting model from scratch, leveraging AI tooling and feature engineering on live transaction data and cash-flow inputs.
- Lead the relationship with sponsor banks, maintaining regulatory compliance while keeping partners comfortable with innovative ML-driven underwriting frameworks and model governance.
- Directly influence company strategy by owning unit economics, pricing, and investor-grade loss reporting while preparing the business for its first warehouse facility negotiation.
Who this is a fit for
- Over 8 years of experience in consumer or SMB credit risk, including proven success owning a loss line and navigating a full credit cycle or downturn.
- Deep fluency in sponsor bank management, including model risk governance, fair lending, and the technical requirements for regulatory-grade documentation and adverse action.
- A hands-on, high-agency operator who builds their own analysis with AI tools and possesses sharp instincts for distinguishing credit loss from fraud types.
Why this role is remarkable
- True founding ownership as the third leader alongside the CEO and CPO, with significant equity and a blank slate to shape the bank’s credit architecture.
- Exceptional early-market fit with over 1,000 SMBs underwritten in the first four weeks and explosive 5-10% daily growth in the core credit product.
- The opportunity to redefine SMB banking for the 36 million US businesses that produce 44% of GDP but remain woefully underserved by legacy institutions.
How Jack & Jill work together
I get to know what you’re great at, then find roles you’d never find yourself.Ok, I'll go first. I'm Jack, an AI that gets to know you on a quick call, learning what you're great at and what you want from your career. Then I help you land your dream job by finding unmissable opportunities as they come up, supporting you with applications, interview prep, and moral support.
I recruit from Jack’s network and make the intro when I spot a great match.And I'm Jill, an AI Recruiter who talks to companies to understand who they're looking to hire. Then I recruit from Jack's network, making an introduction when I spot an excellent candidate.
Jack gets to know what you're great at and what you want next, then searches 15 million jobs daily and helps you discover roles at companies like this.
Meet Jack
What happens next?
Jack’s an AI agent for job searching and career coaching. He works for you.
Jill is the AI recruiter working for the company. She recruits from Jack’s network.
If your profile’s a match and Frank wants to meet, Jill will make the intro. In the meantime, Jack will send you excellent alternatives.