Risk Internship, Finmid
Financial services infrastructure provider
Be an early applicant
Financial services infrastructure provider
21-100 employees
Be an early applicant
21-100 employees
Company mission
To allow its customers to focus on their customers and deliver exceptional user experiences— not worrying about banking protocols, security, or compliance.
Role
Who you are
- We are seeking a motivated and analytical Risk Intern to support our team in Berlin
- This position demands strong attention to detail and operational excellence, as you'll be handling time-sensitive risk assessments and fraud monitoring tasks
- You have a Bachelor's or Master's in Finance, Economics, Mathematics, Statistics, or a related quantitative field
- Ideally, you have already gained experience in risk management, corporate finance, credit analysis, or data analysis
- You have excellent English language skills
- You possess exceptional analytical skills and have experience with data analysis tools
- Strong foundation in basic financial accounting and corporate finance
- Basic coding knowledge (Python/SQL) with eagerness to learn mo
- You are available to work for 6 months, as a full-time intern (40h/week)
- You are analytical and enjoy structuring complex risk assessment problems into actionable recommendations
- You are a fast learner and work well within a fast-paced risk management environment
- You actively help yourself (and others) to be successful
- You give and receive open, direct, and timely feedback
What the job involves
- In this role, you will take ownership of key projects that directly contribute to our credit risk assessment and fraud prevention capabilities, while also supporting our daily operational risk management activities
- You will collaborate with internal teams and have the unique opportunity to work in a cross-functional team environment, playing an essential role in protecting our platform while enabling growth
- This internship intends to equip you with the skills necessary for a successful full-time role at finmid, and we will extend job offers to return full-time for the best performers
- Collaborate with internal teams (Sales, Product, Risk) to resolve customer issues and ensure a seamless customer experience
- Conduct regular risk reviews for key stakeholders to assess customer performance on metrics like credit scores, default rates, and fraud indicators
- Help onboard new customers by conducting initial risk assessments and implementing appropriate monitoring measures
- Analyze financial and transaction data to identify risk trends and potential fraud patterns
- Support the development and refinement of credit risk models to improve accuracy and speed of our underwriting decisions
- Perform extensive back-testing on both our existing portfolio and partner-provided datasets to validate and improve our risk models
- Continuously improve risk assessment processes to ensure faster turnaround times while maintaining robust risk controls
Our take
Founded in 2021, Finmid is a financial services infrastructure provider, built to support other businesses with their financial products and services all from one platform. The company focuses on simplicity for its customers building a variety of products that amount to one integration for each company.
Both founders Max Schertel and Alexander Talkanitsa were previously involved in N26 from the beginnings of its journey. They developed deep roots in Fintech and are able to now provide Finmid and its employees with an extensive knowledge of the financial sector and how it can be improved.
Finmid has been keeping quiet about its offering up until a recent acknowledgement that the company was featured in Accel's Fintech 100 EMEA - the firm’s list of hot fintech companies set to become the next generation of category leaders. So maybe we’re about to see a lot more from Finmid as it brings forth what it has been hiding, especially once capital the company once recent investments are utilised.
Steph
Company Specialist at Welcome to the Jungle
Insights
Many candidates hear
back within 2 weeks
37% employee growth in 12 months
Company
Funding (2 rounds)
Apr 2024
$24.2m
SERIES A
Feb 2022
$11.6m
EARLY VC
Total funding: $35.8m
Company benefits
- Gain valuable industry experience and learn about the latest trends in test automation
- We see ourselves as “distributed first” but also have a beautiful office in Berlin where you can work
- We are flexible and cover whatever you need to be as productive as possible (e.g. MacOS)
- Open-minded and transparent culture that includes regular get together meetings (e.g. All Hands, Brown Bag Lunch, Offsite)
- Home office stipend
- 30 days time off
Company HQ
Kreuzberg, Berlin, Germany
Articles
Leadership
Max Schertel
(Co-Founder)Prior to Finmid worked through several roles at N26 Group, most recently as Director of Business Operations.
Alexander Talkanitsa
(Co-Founder)Previously worked in Business Operations at N26 Group.
Salary benchmarks
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