General Manager of Lending

Job Description

Job Description

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

Varo Bank is on a mission to make financial inclusion and opportunity a reality for all. As the first consumer fintech granted a national bank charter in U.S. history (regulated by the OCC ), we are redefining banking with a unique blend of mission-driven values, cutting-edge technology, and a commitment to helping hard-working Americans improve their financial health. Varo is built on the belief that money should work for everyone, not just some of us. We offer a full-service, digital banking experience, including high-yield savings, no-fee bank accounts, and innovative credit products designed to help customers save money and build credit responsibly.

About the Opportunity :

Varo is seeking a strategic, visionary, and execution-focused General Manager of Lending to lead and grow our lending portfolio. This is a critical executive leadership role responsible for the end-to-end P&L, credit policy, risk governance, and portfolio management of Varo's credit products, including Varo Advance and Varo Line of Credit.

Reporting directly to the CEO, this role is part of the Executive Leadership Team and will drive the lending strategy that underpins Varo’s customer growth, financial performance, and regulatory integrity.

Lending sits at the heart of Varo’s growth strategy — as both a customer engagement engine and a gateway for acquisition. The GM of Lending will drive expansion across our cash-flow–underwritten products, including upcoming modalities such as BNPL and Flex, while deepening customer relationships and lifetime value.

The ideal candidate is a seasoned leader with deep experience in consumer credit, fintech innovation, and regulatory affairs, who is passionate about delivering fair, transparent, and financially empowering products while operating within a robust bank risk framework. You will own the strategic growth and regulatory integrity of one of the most critical product lines for Varo and its mission.

KEY RESPONSIBILITIES :

• P&L Management and Business Growth
• Credit Policy, Risk Governance, and Regulatory Oversight
• Active Portfolio and Performance Management

Success in Year One Will Be Measured by :

P&L Management and Business Growth

Credit Policy, Risk Governance, and Regulatory Oversight

Active Portfolio and Performance Management

REQUIRED SKILLS & EXPERIENCES :

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Per applicable law, the salary range for this role is $200,000 - $350,000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

This role is also eligible for a bonus, equity, and competitive benefits.

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!

About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer.

As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.

Learn more about Varo by following us :

Facebook - https : / / www.facebook.com / varomoney

Instagram - www.instagram.com / varobank

LinkedIn - https : / / www.linkedin.com / company / varobank

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.

CCPA Notice at Collection for California Employees and Applicants :

https : / / www.varomoney.com / privacy -legal /

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.