Senior Credit Risk Officer Subprime Loans

Senior Credit Risk Officer - Instalment and Revolving Lending

Join a rapidly growing Fintech organization offering consumers loans, credit cards, and banking services. We are currently expanding our product range and operational geographies, transitioning from a pure lender to a profitable Neobank. Our mission is to help subprime consumers access credit and financial services, filling the gap left by traditional lenders. With over 200,000 loans disbursed to satisfied customers in the UK and a Trustpilot rating of 4.5, we prioritize customer-centric values in everything we do. We tailor our products and services to diverse customer needs, leveraging over 3000 data points on each individual to provide personalized experiences.

Job Purpose

As the Senior Credit Risk Officer, you will spearhead the development, implementation, and ongoing monitoring of credit risk strategies and policies for loans (bullet, instalment) and credit cards (revolving). Collaborating closely with the CEO, COO, and CFO, you will provide clear recommendations to drive positive customer and business outcomes.

Responsibilities

• Conduct comprehensive reviews of sampled loans and datasets to identify credit weaknesses, policy violations, and trends, proposing underwriting modifications as necessary.
• Establish a robust credit risk framework balancing risk, reward, and responsible lending to support business growth and portfolio profitability.
• Develop origination and collections methodologies/scorecards and refine approaches across risk methodologies.
• Drive optimization of lending decisions through test and learn initiatives, identifying champion strategies for both new and existing customers.
• Investigate and integrate new data sources for enhanced analysis and decision-making.
• Train and support the loan approval team in assessing credit risk and evaluating loan applications.
• Recognize and quantify emerging risks across various segments.
• Ensure compliance with lending policies, regulations, and anti-money laundering practices.
• Enhance monthly reporting and portfolio-level analysis to monitor performance and identify risks.
• Collaborate on regulatory deliverables and other legal entity tasks requiring credit risk input.
• Design and develop risk reporting dashboards for effective monitoring.

Requirements

• Bachelor's degree in finance, business, economics, or related field.
• 3-5 years of experience in credit review, credit analysis, or subprime lending.
• Strong understanding of lending principles, credit lifecycle, and regulatory compliance.
• Proficiency in statistical techniques, data analysis, and credit risk management systems.
• Excellent analytical and numerical skills with the ability to translate data into actionable insights.
• Exceptional communication and problem-solving abilities.
• Fluency in English.
• Experience with Python, Pandas, Data Analysis, and Data Modelling.
• Ability to work independently and collaboratively.
• Proficiency in Microsoft Excel and office software.
• Experience with Experian is a plus.

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Shift F5 Ltd is acting as an Employment Agency in relation to this vacancy.