Credit Risk Strategy Lead, Tide
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Business accounts for SMEs
Be an early applicant
Business accounts for SMEs
1001+ employees
Be an early applicant
Plus share options
1001+ employees
Company mission
To save businesses time and money - so they can get back to doing what they love.
Role
Who you are
- At least 5 years’ experience in a Credit Risk or Analytics role in the Credit sector, ideally in Fintech or within financial institutions in a retail, small business lending or commercial banking risk area
- Solid commercial acumen and a robust understanding of the economics underpinning revolving credit portfolios gained through consultancy or direct financial institution work
- Work experience in a credit risk environment with automated processes and data-driven decisioning tools/culture
- Strong technical knowledge and credibility in quantitative risk management, statistical modelling, linear and non-linear optimization or similar
- Hands-on proficiency with data and analytical tools (SQL and Excel) and visualisation software (e.g., Tableau, PowerBI, Looker)
- Background in machine learning and AI is not required but would be a plus
- Strong analytical skills and ability to work independently
- Ability to work effectively with external counter-parties, including external data providers
- Attention to detail and quality of deliverables, combined with a growth mindset
- University degree in a relevant quantitative field (maths, physics, statistics, engineering, economics); advanced degrees are a plus but considered alongside experience
What the job involves
- At Tide, we are building a business management platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting
- Launched in 2017, Tide is now used by over 1 million small businesses across the world and is available to UK, Indian and German SMEs. Headquartered in central London, with offices in Sofia, Hyderabad, Delhi, Berlin and Belgrade, Tide employs over 2,000 employees
- Tide is rapidly growing, expanding into new products and markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money
- Lead the Credit Risk function at Tide, owning all outcomes and taking initiative to deliver constant improvements and operational excellence
- Develop Credit Risk strategies and policies, deliver them and measure their performance
- Own the P&L impact of our Credit Policies
- Balance approval rates and loss rates in order to optimize commercial impact
- Monitor performance of credit portfolio to ensure it hits commercial KPIs
- Create monitoring dashboards and presentations for senior management, credit committees and auditors, recommending which decisions to make
- Monitor and adjust the composition of the credit portfolio in order to ensure limited exposure to correlated risk factors
- Adopt a continuous improvement mind-set, constantly identifying opportunities to enhance processes/procedures and adopt new tools/technologies
- Be hands-on with gathering, preparing, and analysing complex customer datasets. Technical data analysis skills are required
- Create a framework to assess and optimize profitability of current credit policies
- Identify opportunities to better manage risk by:
- Identifying and acquiring additional data sources as needed
- Identifying additional rules to filter out unprofitable segment
- Constantly measure, assess and improve our credit policies across all products
- Ensure compliance of Credit Policy with relevant laws and regulation
- Reporting to the VP of Credit, work in partnership with Data Science, Product Management, Collections and the Risk and Compliance team who will act as the second line of defence
Our take
Small businesses and sole traders are still underserved by most traditional banks. Tide is solving that problem by offering speedy, affordable and effective financial services tailored to SMEs.
Since its launch, Tide has gained considerable traction among small businesses. This is largely thanks to its fast onboarding times, low fees and the diversity of products, which include a number of accountancy tools. And headed up by a former RBS, C&A and Optanus executive, it is certainly in a unique position within the financial services market.
Having built a strong user base of over 1M customers globally, with 650,000 members in the UK. Through further expansion across Europe and continual addition of 'first-of-its-kind' features, Tide is well set to secure a larger market share.
Freddie
Company Specialist at Welcome to the Jungle
Insights
40% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jan 2023
$25m
GROWTH EQUITY VC
Jul 2021
$100m
SERIES C
Total funding: $292m
Company benefits
- Flexible working:A flexible working policy that allows most teams to work from home when they need to
- Family-friendly leave: We go above and beyond the statutory requirement for maternity and paternity leave
- Paid volunteering leave: You’re encouraged to take three days a year as paid volunteering leave for your chosen charity or organisation
- Holiday leave: 25 days a year of paid holiday leave, plus bank holidays
- Sabbatical leave: Take a well-deserved break and come back refreshed
- Extra unpaid leave: Extra time off is available beyond your annual leave allocation
- We keep the team fed: Breakfast, snacks and hot drinks are provided daily, along with regular morning teas and catered events
- Personal development: Personal development budget is available for each Tidean to pursue additional training related to their role
- Private health cover: Private healthcare from Vitality, that includes the ability to earn discounts and rewards for having a healthy lifestyle
- Mental wellbeing : 24/7 Employee assistance, unlimited cognitive behavioural therapy, subsidised mindfulness and relaxation app
Company HQ
City of London, London, UK
Leadership
Dr Oliver Prill
(CEO)Began their career as a Consultant at McKinsey. They also held the role of CEO at both C&A Bank and Optanus, and was COO of Kreditech Holding before joining Tide in 2018.
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