Business Risk Associate

| Chicago, IL, USA | Hybrid
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Avant is adding to our Business Risk Team in Chicago! We are looking for an entrepreneurial, self-driven candidate who is passionate about the function of Risk Management and interested in making a difference. This person will be responsible for contributing to our Issues Management program and supporting risk mitigation activities across the enterprise. If you're looking for an opportunity to join a great team where you can be yourself, deepen your skills and experiences, and have the flexibility and access to find new areas of inspiration, then consider a career at Avant on the Business Risk Team!
This position is not considered remote eligible and requires in office attendance at our downtown Chicago office.
What you do at Avant:

  • Drive Avant's Corrective Action program forward by reviewing and reconciling internal and external risk incidents/loss events to ensure that incidents are addressed in a timely manner consistent with incident management response standards
  • Develop close partnerships across lines of business and drive discussions with business stakeholders to ensure that key risks are properly identified, managed and mitigated
  • Document and develop front-line controls, identify emerging risks and material enterprise-wide risk issues
  • Create strong documentation surrounding risk identified in Avant operations and develop front-line controls in partnership with key stakeholders to ensure risk mitigation in the future
  • Support change management for new products, business initiatives and strategies, and assess impact on the division's risk profile to ensure a consistent customer focus through Avant operations
  • Contribute to developing a strong risk culture and work with the business to reinforce accountability and transparency across the organization


Why you are a fit for Avant:

  • Familiarity with operational risk management concepts and practices, and ability to deliver insights and recommendations to leadership stakeholders
  • Experience in querying and analyzing large datasets on a regular basis to assess scope and impact
  • A collaborative and cross-functional skillset with the ability to develop working relationships with business and functional partners
  • Strong collaboration and cross-functional skill set with the proven ability to develop effective working relationships with business and functional partners to influence decisions
  • Experience with project management and the ability to independently manage multiple priorities while delivering a quality work product
  • A strong moral compass and a commitment to high ethical standards
  • Bachelor's degree in Finance, Business Administration, Accounting, or a related field or equivalent years of experience
  • 2+ years of work experience in Risk Management, Audit, Compliance, or Project Management capacity
  • 2+ years of experience on projects within a complex business environment preferred
  • 1+ years of experience with SQL preferred
  • Advanced Microsoft Office skills required


Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
Some of our benefits include:

  • Choice of great Medical, Dental, and Vision Insurance Plan options
  • 401(k) Match
  • Unlimited Paid Time Off
  • Flexible Work Environment
  • Generous Paid Parental Leave
  • Lunch Allowance (Fooda) and In-office Snacks
  • WFH Stipends for our Remote Employees
  • Access to LinkedIn Learning for Professional Development
  • No Meeting Wednesdays - (a.k.a. planned time to Get Sh!t Done)
  • Summer Fridays
  • Fun In-Office and Virtual Social Events
  • And who doesn't love the swag


This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you're fully vaccinated upon your start date or before working in or visiting our Chicago office. You're considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination. Subject to applicable law and requests for accommodation.

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Technology we use

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An Insider's view of Avant

Margaret, smiling in a grey jacket and black top with a gold necklace

What’s the vibe like in the office?

The diversity of characteristics that make up our team is what makes Avant great. We proactively explore ways to play to the strengths and uniqueness of our culture and stay connected whether Avantees are in person or remote. We are working hard to preserve the key elements of our culture — which are centered around relationships — as we scale.
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Margaret

Chief Operating Officer
Sharity, smiling with her arms crossed, wearing a white top and black jacket

What does your typical day look like?

It starts with reviewing my project prioritization list to determine whether anything should be modified (Legal follows the agile methodology for project management). Then I usually spend my day meeting with business and risk partners where I act as a strategic legal partner. From there, I take the necessary action to address and clear my list.
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Sharity

Senior Manager, Legal
Dave, smiling at the camera in a suit

How has your career grown since starting at the company?

As soon as I started, it was clear that I had the ability to make a difference at the company. My feedback was taken seriously and resulted in multiple different operational changes even though I was in an entry level position. I’ve now been with Avant for more than 9.5 years, and in that time I’ve held more than seven different roles.
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Dave

Director, Compliance Advisory
Amanda, smiling at the camera in a white top

What is your vision for the company?

Put simply, our focus is on moving financial lives forward. We do this by offering credit products designed to be within reach for the millions of Americans with non-prime credit. These individuals have historically been underserved and don’t have a lot of options, but we want to change that.
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Amanda

Chief Marketing Officer
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How would you describe the company’s work-life balance?

Avant has a deeply ingrained culture of understanding and empathy towards parents. We all wear multiple hats, and Avant respects that being a parent is one of the most critical roles we can play. From flexible hours to managers encouraging parents to attend their child’s school events, Avantees are encouraged to prioritize their duties as parents.
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Pritam

Senior Manager, Product Management

What are Avant Perks + Benefits

Avant Benefits Overview

We offer group Medical, Dental, and Vision coverage, generous parental leave, commuter benefits, and unlimited vacation time. We have a gym on site at our Chicago office and other great perks like a fully-stocked kitchen with beer on tap, casual dress code, a newly-remodeled office on the Chicago River, and company happy hours.

Culture
Volunteer in local community
We love being in Chicago! We'll run donation drives for local schools, pack lunches for city shelters, host events for young people interested in fintech, and whatever else comes up!
Partners with nonprofits
In 2022, Avant engaged with the community by mentoring underrepresented students and demystifying STEM careers, providing school supplies to children in foster care and cleaning up local parks
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Employee resource groups
Quarterly engagement surveys
Hybrid work model
Employee awards
Flexible work schedule
Remote work program
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity manifesto
Mean gender pay gap below 10%
Diversity employee resource groups
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
Company equity
Performance bonus
Child Care & Parental Leave
Generous parental leave
Family medical leave
Adoption Assistance
Avant's adoption assistance plan provides reimbursement of adoption-related expenses for up to $5,000 per adoption, for up to two adoptions.
Return-to-work program post parental leave
Vacation + Time Off
Unlimited vacation policy
Generous PTO
Paid volunteer time
Paid holidays
Paid sick days
Floating holidays
Office Perks
Commuter benefits
Company-sponsored outings
Free daily meals
In-office Avantees receive a meal stipend for $10/day meal delivery right to our kitchen.
Free snacks and drinks
Company-sponsored happy hours
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
Mother's room
Onsite gym
Professional Development
Job training & conferences
Lunch and learns
Promote from within
Continuing education available during work hours
Online course subscriptions available
Paid industry certifications

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