OnDeck, an online lender for small business, has appointed Nick Brown to the newly created role of chief risk officer. He will report to CEO Noah Breslow and serve as a member of OnDeck's senior management team.
Brown will oversee OnDeck's credit and risk management strategy and execution, including credit and operational risk controls, portfolio monitoring, and the further development and optimization of OnDeck's credit scoring models and credit policy
Brown joins OnDeck from Commonwealth Bank of Australia (CBA), where he most recently served as the general manager of the group decision sciences team, and earlier as the general manager of group portfolio optimization. Prior to CBA, Brown ran the consumer lending business at Discover Financial Services (DFS). While at DFS, he also led the acquisition of the Student Lending Company from Citigroup.