This is a job that Jill, our AI Recruiter, is recruiting for on behalf of one of our customers.
She will pick the best candidates from Jack's network.
The next step is to speak to Jack.
Job Title
Founding Head of Credit & Risk
Salary
$185k-$220k + Equity
Company Description
Frank is an agentic bank for US small businesses, building a platform to run their entire financial lives. Backed by rapid traction with over 1,000 SMBs signed up in their first month, Frank is addressing the 44% of US GDP underserved by legacy banking through AI-first, digital-native financial tools.
Job Description
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.
Location
New York, USA
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.
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.
The ideal candidate
- 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.
Who are Jack & Jill?
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.
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.
How does this work?
- 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 it's a match and the company wants to meet you, they'll make the intro. In the meantime, if you'd like, Jack will send you excellent alternatives.
We never post fake jobs
This isn't a trick. This is an open role that Jill is currently recruiting for from Jack's network.
Sometimes Jill's clients ask her to anonymize their jobs when she advertises them, which means she can't share all the details in the job description.
We appreciate this can make them look a bit suspect, but there isn't much we can do about it.
Give Jack a spin! You could land this role. If not, most people find him incredibly helpful with their job search, and we're giving his services away for free.