As the former CFO of HSBC’s commercial banking business in the U.S. and Canada, Suk Shah looks back at his traditional finance days as though he’s peering down from the porthole of a spacecraft orbiting Earth. Join us when Suk charts his journey from large enterprise finance to Avant, a fast-growing online lender that has already originated over $3 billion in loans since it launched three short years ago.
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“In my role, particularly, you know, there are three main risks that we manage on a day-to-day basis, among others. Number one is, obviously, credit risk. The second large risk in our industry and in our business is liquidity and capital. And then, the third key thing is regulatory and compliance, how we are tracking things like complaints, our consumer issues, or customer credits. And that is the single most important frontline thing that we can do to make sure that our operational processes in our call center, in our treasury, in our accounting, are all working as expected. So if we can have a handle around the key metrics around these three areas, then we, on a day-to-day basis, have a pretty good understanding of where to expect the business to perform, not only from an operational standpoint, but also from a financial standpoint.”