Senior Manager Portfolio Credit Risk

Iwoca; London; On-site; GBP 80,000 - 90,000; Full time

Job summary

An established industry player is seeking an experienced Credit Risk Manager to lead their credit risk team. This pivotal role involves monitoring credit performance, managing the credit risk profile, and developing the company's credit policy. The ideal candidate will have a strong analytical background, experience in credit risk, and proficiency in Python and SQL. Join a dynamic team focused on empowering small businesses through innovative financial solutions and enjoy a culture of growth and support. This role offers a competitive salary and a range of benefits designed to enhance your work-life balance and professional development.

Benefits

Medical insurance

25 days holiday

Paid volunteering day

Learning and development budget

Cycle-to-work scheme

Private GP service

Generous maternity and paternity leave

One-month fully paid sabbatical

Events and clubs

Pension and share options

Qualifications

• 3+ years experience in credit risk at a traditional or Fintech lender.
• Strong analytical background with a relevant degree or equivalent experience.

Responsibilities

• Monitor credit performance and drive corrective actions as needed.
• Support the Chief Credit Officer in developing credit risk appetite.

Skills

Analytical Problem Solving

Stakeholder Management

Communication Skills

Data Analysis

Education

Degree in Mathematics

Degree in Physics

Degree in Engineering

Tools

Python

SQL

Pandas

NumPy

SciPy

Matplotlib

Seaborn

Job description

The company

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes. We’ve already made several billion in funding available to more than 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe.

Our mission is to finance one million businesses. We’ll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science, and a 5-star customer service.

The role

We are looking for an experienced credit risk manager with a strong analytical background, to lead the team responsible for managing portfolio credit risk for our lending portfolio in the UK.

You will work closely with the Chief Credit Officer, our data scientists, the Capital Markets team, and teams from across the business. You will ensure that credit loss rates, and the credit risk profile, of our UK portfolio are effectively managed.

Key responsibilities of this critical role include:

1. Monitoring credit performance on aggregate and by segment. Proactively driving corrective action where required and enhancing the monitoring framework and infrastructure.
2. Providing a clear summary of credit loss rates, and credit risks, to the Risk Committee.
3. Supporting the Chief Credit Officer in the development and management of the businesses credit risk appetite.
4. Supporting the development of iwoca’s Credit Policy, and monitoring adherence to it.
5. Producing analysis of credit loss rates and credit risks that support the development of iwoca’s funding strategy. This includes input to meetings with debt and equity investors, and analysis that ensures funding facility performance triggers and concentration limits are set appropriately.
6. Providing credit risk expertise to multi-disciplinary projects within the wider team and business stakeholders.
7. Setting and managing the agenda for your team aligned to the broader business strategy.
8. Effectively managing the work conducted by your team to maximise delivery.
9. Building the capabilities of your team with a strong focus on coaching and professional development.

The team:

You’ll join the Credit Risk team, whose primary focus is managing the credit risk profile of our lending portfolios to support iwoca’s broader business goals and mission.

The requirements

1. Strong analytical background: a degree in Mathematics, Physics, Engineering, or similar quantitative field; or equivalent experience.
2. 3+ years experience in credit risk at a traditional or Fintech lender.
3. Passion for analytical problem-solving, with a strong track record in developing conceptual frameworks and technical execution. This will include the ability to personally conduct data-driven analysis and guide this work through others.
4. Experienced in using Python and SQL to query and analyse large datasets, with expertise in libraries such as Pandas, NumPy, SciPy, Matplotlib, and Seaborn for data manipulation, statistical analysis, and visualisation. Familiarity with Monte Carlo simulations in Python and/or PyMC3 for Bayesian modelling is a plus.
5. Familiarity with statistical confidence testing. Understanding and expertise in statistical modelling techniques is a plus.
6. Strong communication, stakeholder management, and people management skills.
7. Ability to bring structure to own and joint areas of work to rapidly drive results in a dynamic working environment.

The salary

We expect to pay from £80,000 to £90,000 for this role, but we’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates, and run quarterly performance and salary reviews.

The culture

At iwoca, we look to hire smart, passionate, humble individuals with a growth mindset. We prioritise a culture of learning, growth, and support, and invest in the professional development of our team members.

We value thought and skill diversity, and encourage you to explore new areas of interest to help us innovate and improve our products and services.

Our friendly and inclusive environment, combined with our flexible work policies, ensures that you'll have the perfect balance between work and life, empowering you to thrive both personally and professionally.

The offices

We put a lot of effort into making iwoca a brilliant place to work:

1. Offices in London, Leeds, Berlin and Frankfurt with plenty of drinks and snacks.
2. Events and clubs, like bingo, comedy nights, yoga classes, football, etc.

The benefits (depending on your location)

1. Medical insurance from Vitality, including discounted gym membership.
2. 25 days’ holiday, an extra day off for your birthday, and the option to buy or sell an additional 5 days of annual leave.
3. Instant access to emotional and mental health support with our partner, Spill.
4. Pension and share options.
5. Generous maternity and paternity leave.
6. A nursery tax benefit scheme to help you save money.
7. Paid volunteering day to support your chosen charity.
8. Unlimited unpaid leave.
9. One-month fully paid sabbatical after 4 years.
10. Cycle-to-work scheme and electric car scheme.
11. Two company retreats a year, we’ve been to France, Italy, Spain and further afield.
12. Private GP service for you, your partner, and your dependents.

And to make sure we all keep learning, we offer:

1. A learning and development budget for everyone.
2. Company-wide talks with internal and external speakers.
3. Access to learning platforms like Treehouse if you want to learn to code.

Useful links:

1. iwoca benefits & policies

2. Interview welcome pack