Credit Risk Analyst SME

NOBA Bank Group; Stockholms kommun; Hybrid; SEK 597,566 - 814,863; Full time

Benefits offered by this job

Competitive salary and benefits

Flexible working hours

International and tech-driven workplace

Job summary

NOBA Bank Group is looking for a Credit Risk Analyst for SME business loans to shape the future of credit risk. This role requires a minimum of 5 years' experience in credit risk, particularly within the Swedish market. The ideal candidate will work closely with cross-functional teams and contribute to the development and launch of new SME products. A collaborative atmosphere with a flat structure fosters professional growth and innovation in a dynamic environment.

Qualifications

• Minimum 5 years' experience in credit risk for SME business loans.
• In-depth knowledge of credit bureau data and market-specific risk factors.
• Experience with fraud detection and prevention in SME loans.

Responsibilities

• Develop and launch SME business loans in the Nordics.
• Collaborate with teams providing credit risk expertise.
• Monitor and report on SME credit risk processes.

Skills

Credit risk assessment

Analytical skills

Communication skills

Fluency in English

Experience with R, Python, SAS, SQL

Education

Degree in Economics, Finance, Statistics or Data Science

Tools

Tableau

Power BI

AWS

Azure

GCP

Job description

Are you a challenger who wants to shape the future of credit risk for Business Loans to Small and Medium-sized Enterprises (SME)?

At Nordax Bank, we believe in simplicity, transparency, and technology-driven innovation. As part of NOBA Bank Group, we offer consumer loans, credit cards, savings accounts and insurance – all made available through cutting-edge technology, automation, and seamless self-service platforms.

With over 2 million customers across Norway, Sweden, Denmark, Finland, Germany, and Spain, we’re proud to be part of the largest independent specialist consumer finance lender in the Nordics – and we’re just getting started.

This is an opportunity to join a bank that is growing fast and shaping the future of Small Medium Enterprises (SME) business loans in the Nordics.

Why join us?

We put professional development at the core of our success. At Nordax, you’ll find an international and friendly workplace with a flat structure, informal culture and high level of trust and autonomy. We’re currently around 200 employees at Bank Norwegian, and over 600 across the Nordax Bank.

Our culture is built on collaboration, curiosity, and shared success — and we’re proud to live by our values:

• We are wholehearted
• We collaborate
• We take the lead

About the team

Our Credit & Analytics department is known for being one of the most forward-thinking in the Nordics, made up of talents from across the globe. Within this department, the Credit Underwriting & Decision Analytics unit focuses on continuously improving our automated underwriting processes and monitoring risk performance.

We are now launching our SME business loans in the Nordics. As we build this business from the ground up, we’re looking for a Credit Risk Analyst SME with strong credit risk experience within the corporate lending business to play a key role in shaping our future solutions, policies, and risk strategies. This is a unique opportunity to be at the forefront of a new business area and make a real impact from day one.

What you’ll be doing

• Play a central role in developing and launching the SME business loans in the Nordics
• Collaborate with business, product, and cross-functional teams on projects and initiatives, providing credit risk expertise into business decisions
• Work with data and data structures to ensure we have the right foundation for monitoring SME credit risk and processes, and to connect these insights directly to business and credit risk outcomes
• Contribute to continuous improvement of credit risk strategies, tools, process improvements and efficiency
• Develop and enhance data-driven monitoring and reporting to support proactive risk management for SME portfolios as the business grows
• Understand how data flows through our systems and processes, and leverage this knowledge to identify business opportunities, improve decision-making, and optimize operations
• Communicate findings and recommendations clearly to both technical and non-technical audiences.
• Collaborate on various tasks within Credit Underwriting & Decision Analytics to support our continuous improvement journey

What we’re looking for

• Minimum 5 years’ experience working within credit risk and the credit environment for SME business loans in the Swedish market
• In-depth knowledge of credit risk assessment, credit bureau data, regulatory requirements, and market-specific credit risk factors related to SME loans
• Strong analytical skills, including the ability to interpret complex data and present findings clearly\
• Fluency in English (Scandinavian language skills is a plus)
• Strong communication skills – ability to explain complex findings in an understandable way
• Working experience from using analytical tools such R, Python, SAS or SQL/Databricks
• A degree in a quantitative field (Economics, Finance, Statistics, Data Science or similar)
• Experience with fraud detection, prevention, and related controls within the SME loans is a strong plus

Nice to have:

• Familiarity with reporting tools such as Tableau or Power BI
• Exposure to cloud platforms (e.g. AWS, Azure, GCP)

Who you are

You are creative, curious, and have strong analytical skills. You enjoy using data to challenge and improve existing methods and are eager to drive business improvements. You have a talent for seeing how data flows through and impacts business processes, and you use this understanding to identify opportunities, solve problems, and create value. You thrive in a collaborative environment, working closely with colleagues from different backgrounds, and are comfortable taking initiative and responsibility in projects. You have a commercial mindset and are motivated by making a tangible impact on both risk management and business outcomes.

What we offer

• A dynamic, international and tech-driven workplace
• Significant responsibility as being for a portfolio
• Great collaboration with experienced and supportive colleagues
• Competitive salary and benefits
• Flexible working hours and hybrid setup
• A flat and informal organization with a startup mentality — but with the stability of an established bank

Additional information

Have you heard of NOBAVERSE? In our NOBAVERSE, we value openness, trust, and diversity. Here, you can influence your own development and have fun along the way to achieving our goals – all in a workplace that’s a little extra bubbly! Read more about our employee value proposition on our careers page.

Read more about how our recruitment process works in the FAQ.

We care for your privacy and, with reference to the GDPR, would like to ask you not to include any sensitive personal data in your application, for examples information about ethnic origin, political opinions, religious beliefs or information about your health.

Read more about how we handle your personal data here.

If you have any questions or concerns about the position, please contact the responsible recruiter.

We look forward to receiving your application!