Senior Credit Risk Manager, iwoca
£80-100k
+ Share options; We’re open-minded about salary, so definitely include your salary goals with your application
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
£80-100k
+ Share options; We’re open-minded about salary, so definitely include your salary goals with your application
1-3 days a week in office
201-500 employees
Company mission
To fund one million small businesses.
Role
Who you are
- Strong analytical background with a degree in Mathematics, Physics, Engineering, or a similar quantitative field (or equivalent experience)
- 3 to 5 years’ experience in credit risk and lending strategy, ideally in consumer or SME lending; fintech experience is a strong plus
- At least 12 months’ experience managing or mentoring analysts, with a track record of leading high-performing teams
- Proven ability to build predictive models and extract insights from large, complex datasets
- Advanced proficiency in Python and SQL, including libraries such as Pandas, NumPy, SciPy, Matplotlib, and Seaborn
- Skilled in developing and deploying credit risk models, including scorecard thresholds, limit optimisation, and loss reduction
- Experience with Monte Carlo simulations or Bayesian modelling (e.g., PyMC3) is a plus
- Strong communication skills, with the ability to convey complex analysis to both technical and non-technical stakeholders
- Strong commercial instincts
- Familiarity with the German lending market or language is helpful but not essential
What the job involves
- As Senior Credit Risk Manager, your mission is to drive the performance and evolution of iwoca’s enhanced (manual) underwriting in Germany — one of our most dynamic and strategic markets
- You’ll lead the day-to-day oversight of our enhanced underwriting portfolio, ensuring it delivers strong, sustainable outcomes within our credit risk appetite. Working closely with Credit Analyst Specialists, data scientists, and cross-functional teams, you’ll help refine how we blend manual assessments with data-driven models to make the smartest lending decisions possible
- Proposing and delivering improvements to models, manual workflows, and decision strategies
- Monitoring portfolio performance to ensure underwriting models and decisions deliver expected outcomes
- Evaluating the impact of new model implementations and underwriting changes
- Reviewing credit risk metrics and investigating any deviations to identify root causes and risks
- Identifying gaps in risk processes, systems, or data — and developing solutions to address them
- Partnering with the Head of Credit Risk (Germany) on strategic leadership for the enhanced underwriting function
- Supporting the wider goal of maximising investor returns and customer lifetime value through best-in-class risk modelling
- Setting and managing the agenda for your team aligned to the broader business strategy, and ensuring buy-in from stakeholders and leadership
- Leading and developing a junior analyst both technically and supporting their career development
- This is a high-impact role where you’ll shape the future of iwoca’s German credit strategy — helping small businesses thrive while scaling a fast-growing portfolio in a data-first environment
Salary benchmarks
Our take
UK SMEs 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 and offer more to larger SMB businesses. And 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
$13.6m
GRANT
Feb 2019
$27.2m
SERIES D
Total funding: $98m
Company 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
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
(Co-Founder & CEO)Previously spent 7 years at Goldman Sachs as a Vice President before co-founding iwoca in 2011.
Joost Versteeg
(CMO)Joost initially joined iwoca in 2017 as an Intern. Since then, they have held a number of roles, from Growth Analyst to Head of Commercial Strategy and became CMO in 2024.
People progressing
Serita joined as a Customer Onboarder, before moving into the Broker Team. Most recently they have been promoted to Partnership Manager.
Leo joined in 2018 as a Client Onboarder. Since then, they have worked in a number of roles and now serve as the Product Manager.
Jenny originally joined the Client Onboarding team and now leads the Customer Success department for the German business.
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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