Senior Credit Risk Analyst

Elective; Vancouver; Hybrid; CAD 80,000 - 110,000; Full time

Benefits offered by this job

Laptop & Equipment

Learning & Development Budget

Extended Health Care Benefits

Competitive Compensation

Hybrid work model

Job summary

Elective, a Vancouver-based fintech, seeks a Senior Credit Risk Analyst to own merchant underwriting, risk assessment, and portfolio performance initiatives. You’ll partner with finance leadership to shape risk policy and drive growth in a fast-paced startup.

The role emphasizes analytical rigor, AI-enabled workflows, and cross-functional collaboration in a hybrid, full-time setting in downtown Vancouver.

Qualifications

• Bachelor degree or equivalent in business, economics, or related area.
• 2–5 years in credit risk, underwriting, financial services advisory, or related areas. Bonus points for startup/fintech experience.
• AI proficiency: ability to use AI tools to streamline workflows or build solutions.
• Advanced Excel and working fluency in SQL and Python or R; capable of writing/validating queries against a lending database.

Responsibilities

• Spearhead merchant underwriting and onboarding workflows end-to-end, applying sound judgement to non-standard cases.
• Augment underwriting risk frameworks based on data analysis and modeling.
• Create tailored pricing proposals balancing competitiveness with risk-adjusted returns.
• Analyze loan book performance; deliver actionable recommendations to improve portfolio returns.

Skills

Analytical thinking

Credit risk

Problem solving

Communication

Education

Bachelor's degree in business or economics

Tools

Excel

SQL

Python

R

Job description

Elective is a Vancouver-based Series A fintech that has built the industry's first "Learn Now, Pay Later" solution designed to help world-class course creators, coaches, and educators sell more effectively. To date, Elective has supported over 100,000 consumers across North America investing in their education, all underwritten, funded, and serviced by Elective. The company has proven product‑market fit with 8+ figures in revenue, more than doubling the business over the last 12 months, all profitably and without any dedicated sales or marketing spend.

As a Senior Credit Risk Analyst you will join a growing team, reporting directly to the Head of Finance & Risk while also working closely with our Co-Founder & CEO. In this role you will own various credit risk, merchant risk, and operational initiatives that are critical to the company’s growth and performance.

We are looking for a highly analytical, proactive, and detail-oriented individual who thrives in a dynamic startup environment and is passionate about driving business growth and operational excellence. This individual will have an opportunity to work with a talented team and learn a lot in a short period of time.

This is a dynamic, high visibility, role that will evolve with the business and no day will be the same. You'll work on key projects that directly impact the company’s direction while building a well-rounded skillset along the way.

Ongoing Responsibilities:

• Spearhead merchant underwriting and onboarding workflows end-to-end, applying sound judgement to cases that fall outside of our standard underwriting criteria.
• Build on existing merchant underwriting and risk assessment to augment frameworks for better underwriting outcomes.
• Partner with new and existing merchants to develop tailored pricing proposals that balance competitiveness with risk-adjusted returns.
• Analyze loan book performance to identify emerging risks and opportunities; deliver actionable recommendations to enhance portfolio returns and mitigate losses.
• Provide analytical support and recommendations on our evolving consumer underwriting model by evaluating the use of new and existing data points to improve credit outcomes.
• Own and deliver monthly risk reporting to management that supports and drives strategic decision making and credit policy.
• Own and deliver weekly reports on merchant risk and portfolio health, providing actionable recommendations that balance origination volume and risk-adjusted returns.
• Work with management to support the design and launch of new credit products, supporting financial modeling, risk assessment, and go-to-market analysis and strategy.
• Leverage AI tools and automation to build new workflows and improve the efficiency and scalability of existing operations.
• Support the business on the implementation of new policies, procedures, or ad hoc projects and analysis as they may arise.

About You

• Education: Bachelor degree or equivalent in business, economics, or a related area.
• Experience: 2–5 years of experience in credit risk, underwriting, financial services advisory, or related areas. Bonus points if you’ve worked in a startup or fintech environment.
• AI Proficiency: Demonstrated ability to utilize artificial intelligence tools, in personal projects or professional settings, to streamline workflows, boost efficiency, or innovate solution building.
• Problem Solving & Technical Aptitude: Demonstrated ability to navigate complex, ambiguous challenges both independently and collaboratively, backed by advanced Excel and working fluency in SQL and Python or R. You should be able to write and debug your own queries against a production lending database, and know when a result is wrong. Use whatever AI tooling you like to get there. We care that you can verify the output, not that you typed it.
• Intellectual Curiosity & Adaptability: A natural appetite for continuous learning and a readiness to step outside your comfort zone to master new concepts.
• Entrepreneurial Drive: Comfortable operating with autonomy in dynamic, fast-paced environments, taking complete ownership over results even amidst ambiguity.
• Communication & Storytelling: Exceptional verbal and written communication skills, with a talent for translating complex data into compelling narrative insights.
• Cross-Functional Collaboration: Strong relational skills grounded in high integrity and low ego, enabling seamless collaboration with a broad range of stakeholders.

Why Elective?

• Strong Traction: Our rapid growth means your work will directly impact thousands of customers, driving our continued success.
• Impact: The early team you build is the company you build. Your impact will be immediate and lasting.
• Competitive Compensation: we reward exceptional work and want to attract the best talent.
• Laptop & Equipment: We'll make sure you're set up for success with a company-owned laptop and relevant accessories.
• Learning & Development Stipend: An annual $1,000 Learning & Development budget for courses, books, conferences, seminars, and more.
• Extended Health Care Benefits: Comprehensive benefits including health, vision, and dental coverage for you and an additional wellness spending account.

This is a hybrid, full-time role based in our downtown Vancouver office. You will be required to work on-site three days per week.

Elective is committed to paying our team members fairly, clearly, and above all, paying for growth. The estimated salary range for this role is $80,000 to $110,000. Your specific salary will be determined based on your job-related skills, knowledge, experience, and our internal assessment. It is possible to join Elective at a salary above or below this range and this range does not include any discretionary bonuses or benefits. This range does not include benefits or the performance bonus, which typically runs up to 10% of salary. You'll continue to have conversations about your career development with your manager, and you'll see your compensation grow over time as you grow with us.