Senior Manager of Portfolio Credit Risk, iwoca
£80-90k
Plus share options
1-3 days a week in office
Online loans for small businesses
Be an early applicant
Online loans for small businesses
201-500 employees
Be an early applicant
£80-90k
Plus share options
1-3 days a week in office
201-500 employees
Company mission
To give small business owners a great experience while getting the finance they need.
Role
Who you are
- Strong analytical background: a degree in Mathematics, Physics, Engineering, or similar quantitative field; or equivalent experience
- 3+ years experience in credit risk 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
- Experienced in using Python and SQL to query and analyse large datasets, with expertise in libraries such as Pandas, NumPy, SciPy, Matplotlib, and Seaborn for data manipulation, statistical analysis, and visualisation. Familiarity with Monte Carlo simulations in Python and/or PyMC3 for Bayesian modelling is a plus
- Familiarity with statistical confidence testing. Understanding and expertise in statistical modelling techniques is a plus
- Strong communication, stakeholder management, and people management skills
- Ability to bring structure to own and joint areas of work to rapidly drive results in a dynamic working environment
What the job involves
- We are looking for an experienced credit risk manager with a strong analytical background, to lead the team responsible for managing portfolio credit risk for our lending portfolio in the UK
- You will work closely with the Chief Credit Officer, our data scientists, the Capital Markets team, and teams from across the business
- You will ensure that credit loss rates, and the credit risk profile, of our UK portfolio are effectively managed
- Monitoring credit performance on aggregate and by segment. Proactively driving corrective action where required and enhancing the monitoring framework and infrastructure
- Providing a clear summary of credit loss rates, and credit risks, to the Risk Committee
- Supporting the Chief Credit Officer in the development and management of the businesses credit risk appetite
- Supporting the development of iwoca’s Credit Policy, and monitoring adherence to it
- Producing analysis of credit loss rates and credit risks that support the development of iwoca’s funding strategy. This includes input to meetings with debt and equity investors, and analysis that ensures funding facility performance triggers and concentration limits are set appropriately
- Providing credit risk expertise to multi-disciplinary projects within the wider team and business stakeholders
- Setting and managing the agenda for your team aligned to the broader business strategy
- Effectively managing the work conducted by your team to maximise delivery
- Building the capabilities of your team with a strong focus on coaching and professional development
- You’ll join the Credit Risk team, whose primary focus is managing the credit risk profile of our lending portfolios to support iwoca’s broader business goals and mission
Salary benchmarks
Our take
UK SME's are the backbone of a complex economy that is constantly changing, so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth. iwoca allows SMEs access to business loans in less than a minute, with its API and business marketplace partnerships.
With offerings like iwoca's, gone are the days where waiting up to eight weeks for a loan decision was viable. Its simplified business loans of £1,000 - £500,000 come with no fees attached, and applying online takes no more than five minutes. The ready availability of iwoca loans gives business owners a level of certainty, so that they can make instant decisions to help their business grow.
iwoca has made a number of partnerships with other players in the business finance space, including an impressive industry-first invoice checkout integration with QuickBooks. Funding raised by the company, which is now operating at net profitability, will enable it to meet a recent surge in demand for corporate loans. The company has made several billion in funding available to over 100,000 businesses since launching, positioning itself as a leading European fintech.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Opportunities to learn
"Great opportunities available to learn from both individuals through shadowing, and teams through presentations and even secondment opportunities -..."
Funding (last 2 of 7 rounds)
Aug 2019
$12.7m
GRANT
Feb 2019
$25.3m
SERIES D
Total funding: $92.1m
Company benefits
- Flexible working.
- 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional 5 days of annual leave, unlimited unpaid leave, and one-month fully paid sabbatical after 4 years.
- Instant access to emotional and mental health support with our partner, Spill.
- Pension and share options.
- Generous parental leave and a nursery tax benefit scheme to help you save money.
- Two company retreats a year, we’ve been to France, Italy, Spain and further afield.
- A learning and development budget.
- Company-wide talks with internal and external speakers.
- Events and clubs, like bingo, comedy nights, yoga classes, football, etc.
- Medical insurance from Vitality, including discounted gym membership, and a private GP service for you, your partner, and your dependents.
- Paid volunteering day to support your chosen charity.
- Cycle-to-work scheme and electric car scheme.
- See iwoca benefits & policies for detail and some additional benefits: https://coda.io/@iwocauk/iwoca-benefits-policies-uk
Company 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.
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Christoph Rieche
(CEO)James Dear
(Head of Systems & Numbers)People progressing
Joined as a Customer Onboarder, moved into the Broker Team and has most recently been promoted to Partnerships Manager.
Diversity, Equity & Inclusion at iwoca
- We work hard to make iwoca a place where everyone feels welcome, where you can confidently be yourself. We understand that diversity isn't an optional add-on, it's the core ingredient of what makes us great.
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