Description
Wealthsimple is looking for a Senior Associate to own credit policy for its business lending products, starting with a business credit card , from adjudication through the full account lifecycle.
The successful candidate will design and implement the underwriting framework that determines who qualifies and at what limit, build the line management strategies that govern how those limits evolve, and partner closely with collections to manage risk once accounts are on book.
Key responsibilities include:
- Building a new lending program from the ground up with the breadth to see every part of it, from policy to funding, and the runway to grow into leading a lending line of business.
- Designing and owning the adjudication policy for a new business credit card, including entity-level underwriting criteria, principal/guarantor assessment, joint-liability, initial limit-setting, and approval decisioning.
- Owning line management strategy for business credit products: credit limit increases and decreases, pricing, authorization rules, and active exposure management driven by cash-flow and balance monitoring.
- Partnering with the collections team to design risk-managed treatment strategies specific to business accounts, and to build lifecycle monitoring that catches emerging risk early.
- Evaluating the performance of the business lending portfolio and policies, using vintage analysis, cohort tracking, and champion/challenger testing to validate and refine underwriting decisions.
- Proposing policy enhancements that improve marginal profitability while keeping risk within appetite, informed by rigorous root-cause analysis rather than surface-level metrics.
- Helping define the data and underwriting infrastructure needed for SMB lending , including how to source, validate, and weigh business financial data alongside traditional bureau signals.
- Influencing roadmaps across partner teams (Engineering, Product, Data Science, Fraud, and Client Experience) and implementing policy that drives measurable impact.
Requirements:
- Direct experience underwriting or setting credit policy for small and medium-sized businesses.
- Ability to write SQL hands-on to self-serve data and build monitoring and analytics.
- Comfortable shaping policy while the product itself is still being defined.
- Ability to turn analysis into a clear recommendation for technical and non-technical audiences.
Preferred qualifications:
- 5+ years of experience in small business lending.
- Knowledge of Canadian consumer credit bureau data (Equifax, TransUnion).
- Working knowledge of how business credit risk differs from consumer credit risk.
- Experience across the credit lifecycle: adjudication policy, line management, pricing, and collections strategy.
- Experience with statistical/quantitative analysis.
- Experience with Python, GitHub, Airflow, AWS Redshift, and dbt.
Compensation:
- CA$151K – CA$189K
- Offers Equity
Benefits:
- Top-tier health benefits and life insurance
- Long-term group savings with employer match, through Wealthsimple for Business
- 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
- 90 days away: work outside Canada for up to 90 days per year
- Employee resource groups