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Head of Credit Risk Germany

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iwoca

2mo ago

  • Job
    Full-time
    Senior (5-8 years)
  • Frankfurt

AI generated summary

  • You must have extensive credit risk management experience, strong analytical skills, leadership capabilities, and a solid understanding of the German financial landscape.
  • You will oversee credit risk assessment, develop strategies to manage risk, analyze financial data, ensure compliance, and lead a team to enhance decision-making processes.

Requirements

  • Strong analytical background: a degree in Mathematics, Physics, Engineering, or similar quantitative field; or equivalent experience.
  • 7+ years experience in credit risk and lending strategy optimisation at a traditional or Fintech lender.
  • 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.
  • Experience using Python is a plus.
  • Excellent understanding of the statistical techniques and machine learning methods used in credit risk analysis and modelling. Guiding the work of data scientists is an important part of this role.
  • Excellent communication, stakeholder management, and leadership skills.
  • Strong commercial instincts.
  • Experience of the German lending market, SME lending, and German language skills are all beneficial.

Responsibilities

  • Being the responsible expert on all things related to credit risk management
  • Driving informed decision-making to set credit risk appetite appropriately for the economic conditions and iwoca’s business plan
  • Developing credit risk management policies and control frameworks, and actively managing adherence
  • Setting the credit risk agenda aligned to the business strategy, and providing strong leadership to the credit risk team to drive its delivery
  • Monitoring credit performance on aggregate and by segment. Proactively driving corrective action where required
  • Driving improvements to credit risk scorecards, associated scoring processes, and data infrastructure
  • Providing credit risk expertise to support product development when launching new features, e.g. longer terms, interest only, etc
  • Supporting the capital markets team by providing credit risk expertise to ensure funding vehicles are set up to provide sufficient capacity, flexibility, and resilience at an appropriate cost
  • Communicating with equity and debt investors as required around loan book credit performance

FAQs

What is the job title for this position?

The job title is Head of Credit Risk Germany.

What kind of company is iwoca?

iwoca is a leading Fintech company in Europe that provides fast and flexible financing to small businesses, helping them manage their cash flow and seize opportunities.

What are the main responsibilities of the Head of Credit Risk?

The main responsibilities include leading the credit risk function, developing risk management policies, monitoring credit performance, improving credit risk scorecards, and providing support for product development and capital markets.

What qualifications are required for this role?

A strong analytical background in Mathematics, Physics, Engineering, or a similar quantitative field, along with 7+ years of experience in credit risk and lending strategy optimization, strong communication and leadership skills, and experience in the German lending market are required.

Is experience with Python necessary for this role?

Experience using Python is considered a plus, but not strictly necessary.

What kind of team will the Head of Credit Risk work with?

The Head of Credit Risk will work closely with the Chief Credit Officer, the General Manager for Germany, data scientists, and other teams across the business.

What is the expected salary range for this position?

The expected salary range is from £125,000 to £160,000, but iwoca is open-minded about this and encourages candidates to include their salary goals with their application.

What is the work culture like at iwoca?

The culture at iwoca prioritizes learning, growth, and support, valuing thought and skill diversity, and encouraging a balance between work and life.

What benefits are offered by iwoca?

Benefits include medical insurance, 25 days of holiday, emotional health support, pension and share options, generous parental leave, and learning and development budgets, among others.

Are there opportunities for professional development?

Yes, iwoca offers a learning and development budget, access to learning platforms, and company-wide talks with internal and external speakers to support continuous learning.

iwoca

Technology
Industry
201-500
Employees
2011
Founded Year

Mission & Purpose

iwoca is a fintech company that specializes in providing flexible and accessible small business loans. They offer quick and convenient funding solutions to small and medium-sized enterprises (SMEs) in the United Kingdom and Europe. iwoca's ultimate mission is to empower entrepreneurs and small business owners by providing them with the financial support they need to grow and succeed. Their purpose is to fill the funding gap that traditional banks often overlook, offering accessible and transparent lending options that cater to the specific needs of SMEs. By leveraging technology and data-driven assessments, iwoca aims to simplify the loan application process, make funding more accessible, and support the growth of small businesses, ultimately driving economic prosperity and fostering entrepreneurial success.

Culture & Values

  • Motivated

    Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into.

  • Smart

    At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’.

  • Humble

    We know all ideas are flawed, all code has bugs, and everyone makes mistakes: it’s how we learn. For us, being humble means you question yourself first, rather than your team.

  • Growth Mindset

    We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough.

Benefits

  • Work where you work best

    Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams.

  • Invest in iwoca

    We want people to be invested in iwoca's success so after six months you'll be awarded share options.

  • Keep yourself healthy

    We offer comprehensive health insurance and cash plans. You'll also get gym discounts and we host yoga classes in the office every week.

  • Start (and end) your day right

    Each floor of iwoca HQ has a fully stocked fridge for breakfast and every Friday we unwind with beers and wine.

  • Life-work balance

    We know your life outside of work comes first. We offer enhanced maternity and paternity leave for new parents plus a nursery benefit. We also have unlimited unpaid leave.

  • Learning and development

    Whether you want to learn to code, experiment with motion design, or beat cognitive biases you'll have time and budget to invest in your professional development.