Senior Credit Risk Manager, Raisin
We may support your relocation
2+ days a week in office
Open banking for deposits and savings
Be an early applicant
Open banking for deposits and savings
501-1000 employees
Be an early applicant
We may support your relocation
2+ days a week in office
501-1000 employees
Company mission
To break down barriers and facilitate a transparent single market for savings and investment products.
Role
Who you are
- We are seeking an experienced Credit Risk professional who operates with a high degree of autonomy, bringing both the technical capability to build processes from scratch and the resilience to navigate complex stakeholder landscapes
- The ideal candidate combines deep analytical expertise with the strategic mindset to challenge assumptions and safeguard the Raisin Bank’s risk appetite
- Professional Background: You hold a university degree in Finance, Economics, Business Administration, or a related discipline. Holding professional certifications such as the FRM or CFA designation is an added advantage
- Experience: You bring 5+ years of experience in credit risk analysis, risk controlling, or credit structuring within banking or financial services
- Analytical Competence: You possess a proven ability to assess transactional credit risk, including business models, financial covenants, collateral, and legal documentation
- Regulatory Knowledge: You demonstrate a strong working knowledge of IFRS 9 concepts (staging, ECL) and European regulatory frameworks (CRR, Basel III/IV, MaRisk)
- Operational Resilience: You demonstrate high personal resilience and comfort navigating a fast-paced, forming fintech environment. You possess the strength of character required to navigate significant stakeholder pressure and thrive on "change the bank" projects
- Proactive Mindset: You maintain a highly self-directed approach to identifying deteriorating risk profiles and portfolio concentrations, with the capability to take full ownership of the scope with minimal guidance
- Technical Proficiency: You are skilled at managing risk data using Looker, Mambu, and Google Sheets. Knowledge of programming skills (Python/SQL) and BI tools (Tableau/Power BI) are a definite asset
- Communication & Influence: You show a proven ability to navigate complex stakeholder dynamics; you possess the strength of character to hold firm on risk decisions under pressure and effectively bridge the gap between the first and second lines of defense
- Language: Your primary working language is English; no German language proficiency is required
- We value diversity and the unique experiences each individual brings. If you’re excited about this role but don’t meet every requirement, we still encourage you to apply
What the job involves
- As our Credit Risk Manager, you will take full ownership of our credit risk framework, operating as a hands-on builder and independent risk partner
- This role requires the resilience to navigate complex stakeholder dynamics, the technical agility to modernize our reporting infrastructure using Looker and Mambu, and the expertise to tackle operational backlogs while ensuring robust risk steering across our diverse portfolio
- Credit Analysis: You will perform independent credit risk analysis of counterparties and transactions (corporates, financial institutions, sovereigns), evaluating financials, business models, and structures
- Infrastructure & Data Ownership: You will architect and maintain your own reporting infrastructure using Looker, Mambu, and Google Sheets, ensuring high data quality across all risk processes
- Strategic Risk Steering: You will drive data-driven decision-making by creating insightful risk dashboards and reporting that directly influence senior management’s strategic steering
- Proactive Portfolio Monitoring: You will maintain strict oversight of credit developments, identifying sector concentrations and deteriorating risk profiles to facilitate proactive risk mitigation
- Provisioning & Forecasting: You will manage loan loss provisioning processes in accordance with IFRS 9 and ECL frameworks, including staging assessments and qualitative overlays
- Regulatory Compliance: You will ensure strict adherence to internal risk limits and external regulatory requirements (e.g., CRR, MaRisk, Basel III/IV)
- Project Management: You will lead or participate in initiatives to improve data quality, enhance systems, and validate models, driving the modernization of our risk infrastructure
- Cross-Functional Partnership: You will act as a partner to the Front Office, Finance, and Risk Controlling teams, providing expert guidance on credit risk topics while balancing business growth objectives with robust risk management frameworks
Our take
Raisin is transforming open banking in the deposits and investments sector, leveraging its infrastructure to benefit bankers and savers in the global $50+ trillion deposit market. The company operates several B2C platforms, including Raisin, WeltSparen, Savedo, and ZINSPILOT in Europe and the UK, and SaveBetter in the US.
Raisin collaborates with around 400 banks globally, serving over 550,000 direct consumers. Backed by PayPal, Deutsche Bank, and Goldman Sachs, Raisin plans to expand further. In 2023, Raisin launched its deposits platform in Poland, connecting Polish savers with European banks via its cross-border savings technology. This platform simplifies access to diverse deposit products across Europe, enhancing safety and convenience.
In late 2023, Raisin announced it had reached €50 billion in assets under administration, with significant growth in markets like Germany, the UK, the Netherlands, and the USA, and over €1 billion in net inflows each quarter in 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
12% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Mar 2023
$69.7m
LATE VC
Jan 2022
$34.9m
CONVERTIBLE
Total funding: $319.5m
Company benefits
- Visa & Relocation Support
- 1,700 EUR Training Budget
- Free Choice of Hardware
- Beginner German Classes
- Food & Drinks
- Flexible working hours, home office and 28 vacation days
- Subsidised Urban Sports Club Membership
- Company Pension Scheme
- Team Events
Company HQ
Wrangelkiez, Berlin, BE
Leadership
Tamas Giorgadse
(Co-Founder & CEO)Previously served as a Partner at McKinsey, and is a Non-Executive Board Member of the Bank of Georgia.
Dr Frank Freund
(Co-Founder & CFO)Previously worked as a Senior Consultant at McKinsey.
Michael Stephan
(Co-Founder & COO)Previously worked as a Consultant at McKinsey.
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