Senior Impairment Analyst, Zopa
More information about location
2-3 days a week in office (Canary Wharf, London)
Financial solutions for borrowers and savers
Be an early applicant
Financial solutions for borrowers and savers
501-1000 employees
Be an early applicant
More information about location
2-3 days a week in office (Canary Wharf, London)
501-1000 employees
Company mission
To create simple, fair and honest financial products that have the customer's needs at heart.
Role
Who you are
- You have experience of solving data and analytical problems preferably in a consumer lending environment. (Experience with IFRS9 is a bonus!)
- You have a strong ability in manipulating and analyzing large datasets using SQL and/or Python
- You are experienced in visualization and storytelling through data
- You have a passion for translating numbers into business opportunities and delivering insights to drive decision-making
- You are a structured and holistic problem-solver, and possess strong time management skills
- You have an insatiable curiosity and a relentless drive to learn, improve, and share knowledge with others
- You can work collaboratively with cross-functional teams, including tech, data science, finance and product
What the job involves
- We're looking for a new Senior Impairment Analyst to join our growing team at Zopa!
- You will join a high performing risk analytics team responsible for assessing the credit risk of our assets across all lending products by using the risk model effectively, understanding and monitoring portfolio trends, market dynamics and macro-economic environment
- Collaboration is key at Zopa which means you'll work closely with our cross-functional teams including data science, product, and finance to develop and drive innovative approaches to calculating impairment provisions while remaining compliant with our internal policies and external regulations
- You’ll be owning and enhancing the loss forecasting framework, supporting stress testing and capital allocation
- As a Senior Analyst in Impairment, you will be entrusted to lead on our most complex and highest impact projects
- You are empowered to think outside the box and devise creative, innovative solutions to the problems we tackle
- Zopa offers a broad range of lending products, including unsecured personal loans (UPL), credit cards, secured loans for the purchase of a car, and point-of-sale finance, which all pose different analytical challenges
- You work in a wider cross-functional, credit, data science and finance team, so you will have the opportunity to work alongside, learn from and mentor some of the brightest minds and friendliest people in the industry!
- You work with some of the best tech in the industry, such as AWS SageMaker for ML, DBT for data processing along with standard analytical tools like Python, Redshift, Tableau etc
- All our decisioning systems are built in-house, meaning that we have nearly unlimited flexibility in what we can implement
- A day in the life..
- Finding insight in our data and explaining trends in impairment provisions
- Producing impairment forecasts to support business budgeting exercises and stress testing
- Overseeing the implementation of new IFRS9 impairment models and updates to existing ones
- Using advanced statistical techniques to predict customer behavior or forecast future losses
- Designing and maintaining the controls we have in place around our impairment calculation process
- Mentoring junior team members, fostering their growth and development within the team
Salary benchmarks
Our take
Zopa has been a pioneering force in the world of finance since 2005, lending out billions in personal loans since its inception, before the launch of its bank in 2020. Its depth of lending experience makes it a digital bank with a difference - offering all the benefits customers have come to expect from a challenger bank, but backed up by 16 years of know how.
Zopa has carved out a strong position for itself in UK fintech, offering more than just loans with products like savings accounts and credit cards. And its clear focus on lending and saving has paid off, with recent investment fueling both product growth and its entry into business lending. The bank also made its first acquisition, snapping up 'buy now, pay later' platform DivideBuy, as part of its expansion strategy.
On top of that, Zopa is now boasting two consecutive years of profit doubling, a rare feat in digital banking. Backed by fresh funding, it's now pushing into new territory with plans to launch a current account and integrate generative AI into customer services.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Intelligent people
"My colleagues here at Zopa have a wealth of knowledge which they share constantly and are always willing to assist or give a second opinion on..."
Funding (last 2 of 14 rounds)
Dec 2024
$92.5m
LATE VC
Feb 2023
$101m
LATE VC
Total funding: $976.1m
Company HQ
London, UK
Articles
Leadership
Jaidev
(CEO)Promoted from within Zopa, previously COO. 12 years of experience at Capital One, including Chief Marketing Officer for UK.
Diversity, Equity & Inclusion at Zopa
Jamie Ferguson (Talent Acquisition Advisor)
- We're always looking for passionate and talented people who can help us be the best place for money. We welcome everyone, regardless of age, disability, gender, sexual orientation, parental status, race or religion.
- We run a successful mentoring program, with 28 mentors across the business. We believe this launching pad helps our internal talent stretch beyond their comfort zone, explore new avenues and grow into future leaders.
- We’re focused on ensuring a fair approach to attracting talent, from how we advertise roles to our application and interview process. For all our hiring requirements we mandate 50/50 shortlists and diverse interview panels. We also run all our adverts through a recognised gender de-coder to ensure we attract and hire a diverse range of people. More recently we’ve been experimenting with new job boards and partnerships like Otta Jobs and BYP Network (Black Youth Partnership Network) to increase diversity in our candidate sourcing.
- We’ve secured trail-blazing partnerships with organisations like Code First Girls, YSYS and BYP Network. We’ve already had huge success with our Code First Girls cohort who joined our tech community as Software Engineers and Database Administrators in January.
- We encourage Zopians to create memorable career journeys, and internal mobility plays a huge part in this. All our live job vacancies are posted on our internal jobs board. Over the last 12 months, we’ve trained and supported many Zopians to make internal career moves and become compliance officers, developers, lawyers and HR specialists. In fact, 20% of our open roles in Q3 2021 were filled by internal candidates. This not only makes Zopa a great place to work, but also allows us to break down some of the systemic pipeline issues that we see in STEM professions.
- Our Diversity & Inclusion focus groups and “All in” club celebrate diversity through various company events, such as quiz nights and “Bring your kids to work” day – our favourite is international food night!
- Everyone at Zopa has different working styles, and we want to support them in any way possible. That’s why we’re committed to flexible working whether that’s from home, in the office or a combination of both. What’s more, our model includes the option of working from abroad for up to 90 days a year!
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