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Risk Manager (Credit Risk)
Revolut
Fully Remote
role reference:  wyw_#00345
Location
Fully Remote
Salary
Competitive salary
Contract Full-time
Industry Financial Services
Hours 37.5 - 37.5 Hours
Closing date 05/09/2022
  • Risk Analytics
  • Risk Management
  • RISK
  • CREDIT FUNCTION
  • CREDIT RISK
Description:

Our Risk team sits at the very core of Revolut. Those special agents work across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing 🕶️ People in the Risk team are among the first in the company to get involved in new business initiatives, from App Technology, through Treasury and Finance, to Customer Support 💫

We’re looking for a Risk Manager who’ll to continue to grow the retail credit portfolio of Revolut 📣 An expert of making data driven decisions with good business intuition on risk adjusted return requirements. Someone to lead the initiative for preventive and reactive actions towards any micro and macro factors impacting portfolio credit performance and profitability 🏋🏾‍♀️

Up for the challenge? Let’s get in touch 👇

What You'll Be Doing: 

  • Developing strategies to to launch new products by conducting in-market tests to define the right product market fit, target customer segments and conceptualise tests and accelerate innovation by experimentation
  • Supporting the annual budget, forecast and planning processes, from assessment of market/industry trends through data gathering and analysis, initiative selection and assessment, preparation of the plan, from concept to delivery
  • Tracking, communicating and drawing insights from the performance of ongoing initiatives & be on top of all credit KPI’s through intensive monitoring
  • Identifying operational inefficiencies and managing the implementation of small scale change within the Credit function 
  • Partnering with engineers, PM, data scientists, designers etc. to coordinate and prioritise business decisions
  • Ensuring approval and good rating of first line credit risk function from second line, third line and regulators
  • Ensuring low and controllable default rate
  • Achieving effective control of underwriting procedure and score cutoffs
  • Analysing and managing the portfolio through the economic cycle
  • Ensuring continuous monitoring and validation of the credit decision outcomes and MIS availability

What You'll Need: 

  • Proven track record of managing through the cycle credit risk for retail credit products like credit cards, unsecured personal loans etc.
  • A bachelor's degree (preferably Masters or higher) in an quantitative/analytical stream like Engineering, Statistics, Physics, Maths, Economics or Management degree from a top university
  • Experience in portfolio management, which includes credit limit management, risk based pricing, retention strategies, overlimit policies etc.
  • Solid understanding of credit policy governance framework and is able to work through 2nd/3rd line of defence in a competent manner
  • Proven excellent results of previous projects that exceeds requirements, plans appropriately to meet multiple objectives and is forward thinking on inter-dependencies to proactively identify and resolve issues
  • Solid understanding of credit as well as behavioural scoring models esp. for retail credit products
  • Experience in developing account level valuation frameworks to develop underwriting credit policies using NPV framework to optimise portfolio level economic returns
  • Strong experience in making data driven decisions with especial focus on marginal decision making
  • Experience in portfolio management, which includes but is not limited to credit limit management, risk based pricing, retention strategies, overlimit policies etc.
  • Good business intuition on Risk adjusted return requirements & overall is able to manage / adjust the portfolio returns as more / new data comes into light
  • Clear, concise and structured way of thinking with ability to explain complex concepts in simple manner
  • Deep thinking and ability to process a lot of information towards most optimal decision making
  • Understanding of the value of speed to market and ability to balance between elegant problem solving and business need of the hour
  • Excellent working knowledge of SQL, R and Python etc. & other data analysis tools and also willing to learn new technology to help business scale

Compensation Range: 

  • Lithuania: €4,800 - €6,800 gross monthly*
  • Other locations: Compensation will be discussed during the interview process
Key skills:
  • Risk Analytics
  • Risk Management
  • RISK
  • CREDIT FUNCTION
  • CREDIT RISK
Competitive salary

CONTRACT

INDUSTRY

Role Type

Closing Date

37.5 - 37.5 Hours
Flexibility:
Working Patterns
Flexi-Time
Agile Working
Full-time
Flexibility:
Workplace
Remote or Mobile Working
Work From Home (WFH)
Flexibility:
Life event
Career Breaks / Sabbatical
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