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Head of Credit Risk Germany

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iwoca

15d ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Berlin

AI generated summary

  • You need a degree in a quantitative field, 7+ years in credit risk, strong analytical skills, experience in data-driven analysis, knowledge of statistical techniques, and German market insight.
  • You will manage credit risk, set policies, monitor performance, drive improvements to scorecards, support product development, and communicate with investors on loan book performance.

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 role of Head of Credit Risk Germany at iwoca?

The Head of Credit Risk for Germany leads the credit risk function for iwoca's lending portfolio, working closely with various teams to ensure effective management of credit risk while maximizing value creation.

What qualifications are required for this position?

A strong analytical background, ideally a degree in Mathematics, Physics, Engineering, or a similar quantitative field, along with 7+ years of experience in credit risk and lending strategy optimization.

Is experience with Python necessary for this role?

Experience using Python is a plus, but it is not explicitly required.

What type of experience is beneficial for this role?

Experience in credit risk, lending strategy optimization, and knowledge of the German lending market and SME lending are beneficial.

What salary range is offered for this role?

The expected salary for this role ranges from €125,000 to €160,000, but candidates are encouraged to include their salary goals in their application.

What is the company culture at iwoca?

iwoca prioritizes a culture of learning, growth, and support, valuing smart, passionate, and humble individuals with a growth mindset.

What benefits does iwoca offer its employees?

Benefits include medical insurance, 25 days of holiday, emotional and mental health support, pension and share options, generous parental leave, a learning and development budget, and much more.

Are there any opportunities for professional development?

Yes, iwoca offers a learning and development budget, company-wide talks with internal and external speakers, and access to learning platforms for employees to enhance their skills.

Does iwoca have a flexible work policy?

Yes, iwoca has flexible work policies that ensure employees can balance their work and personal life effectively.

Are there opportunities for team bonding and social events?

Yes, iwoca organizes various events and clubs, such as bingo, comedy nights, and yoga classes to foster team bonding and a positive work environment.

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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.