Underwriter (FX)

Revolut Ltd; Portugal; On-site; EUR 70,000 - 90,000; Full time

Job summary

Revolut Ltd. is seeking an experienced Underwriter to autonomously underwrite SME financing applications for FX products and trading facilities, improve auto-decisioning tools, and monitor an active lending book. You will shape risk policies and support growth across regions with cross-functional collaboration.

The role focuses on risk assessment, policy governance, and scalable risk management, with exposure to FX, onboarding and limit management in a fast-paced fintech environment.

Qualifications

• Bachelor's degree in a quantitative field (engineering, statistics, maths, economics).
• Experience with credit policy governance and 2nd/3rd line of defence.
• Experience in FX risk features, or trading products in credit underwriting.
• Ability to document exposure risks clearly and concisely.
• Familiarity with fraud risk controls in business credit underwriting, FX onboarding and trading approvals.
• Proven track record of delivering results exceeding requirements.
• Ability to process large information sets to make optimal decisions.

Responsibilities

• Underwrite SME financing applications for FX products and facilities through thorough analysis of accounts, open banking, business models and data sources.
• Balance risk and reward for each application to optimise portfolio quality.
• Decide FX trading limits or present deals to the credit committee for review.
• Improve risk underwriting policies for FX exposures and contribute to KRIs.
• Meet KPIs on underwriting, including approval/decline rates and threshold limits.
• Identify inefficiencies and drive changes across onboarding, limit management and margining processes.
• Minimise client friction while maintaining robust risk controls.
• Monitor and validate credit decision outcomes and FX exposure movements.
• Lead proactive actions to protect portfolio performance against macro/micro factors.
• Ensure first-line credit risk signs off FX activities across 2nd/3rd lines and regulators.

Skills

Credit risk analysis

FX risk/trading experience

Fraud risk controls

Documentation of exposure risks

FX credit underwriting

Data-driven decision making

SQL / data analysis basics

Python / R basics

Education

Bachelor's degree in quantitative field (engineering / statistics / maths / economics)

Master's degree (nice to have)

Tools

SQL

R

Python

Job description

About Revolut

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 80+ million customers get more from their money every day.

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 80+ million customers get more from their money every day.

About The Role

The Credit team at Revolut creates and scales lending features that power global growth. They manage the entire product lifecycle, from backend systems to customer-facing experiences. By combining market insight, risk expertise, and technical precision, they deliver safe, forward-thinking solutions tailored to each region.

We're looking for an Underwriter who can autonomously underwrite SME financing applications for FX products and trading facilities, improve an auto-decisioning tool, and monitor an active lending book of business.

You'll play a key role in growing a predictable and profitable business credit portfolio, while working across teams to enhance and expand the features we offer.

Up to shape what's next in finance? Let's get in touch.

What You’ll Be Doing

• Underwriting SME financing applications for FX products and trading facilities through the analysis of accounts, open banking transactions, business models, and other databases
• Rationalising the risk/reward balance for each application
• Decisioning FX trading limits and facilities based on signing authority, or presenting deals to the credit committee for review and approval
• Improving risk underwriting policies for FX exposures, and contributing to key risk indicators (KRIs) for business credit applications and counterparty exposure monitoring
• Ensuring KPIs on credit underwriting are met, including individual service level agreements, approval rates, and decline rates, as well as limit utilisation metrics
• Identifying operational inefficiencies and managing the implementation of big and small-scale changes within the department across onboarding, limit management, and margining processes
• Optimising risk mitigation while reducing client friction, ensuring a positive experience for business customers
• Ensuring continuous monitoring and validation of credit decision outcomes and FX exposure outcomes, including mark-to-market movements and MIS availability
• Leading the initiative for preventive and reactive actions towards any micro and macro factors impacting portfolio credit performance and profitability
• Ensuring approval and good rating of first-line credit risk function for FX risk activities from second line, third line, and regulators

What You’ll Need

• Expertise in credit risk analysis for FX or treasury products
• A bachelor's degree from a top university in an quantitative field, such as engineering, statistics, physics, maths, economics, or management
• A solid understanding of credit policy governance frameworks, and the ability to work through the 2nd/3rd line of defence in a competent manner
• Familiarity with fraud risk management controls and how these apply to business credit underwriting decisions, FX onboarding, and trading limit approvals
• Experience improving or launching new credit products, FX risk features, or trading products
• A track record of delivering exceptional results that exceed requirements
• Experience documenting each application's merits and associated exposure risks in a clear and concise manner
• A deep-thinking mindset capable of processing a lot of information to make the best decisions

Nice to have

• Knowledge of SQL, R, Python, and/or other data analysis tools
• An interest in learning new technology to help the business scale
• A master's degree

Building a global financial super app isn't enough. Our Revoluters are a priority, and that's why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We're doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That's why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.