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Credit Manager (Business Lending)

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Revolut

14d ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Berlin
    Remote

AI generated summary

  • You need a strong SME credit risk background, a quantitative degree, solid credit policy knowledge, and the ability to simplify complex concepts while balancing speed and business needs.
  • You will develop credit strategies, optimize underwriting and decisioning, manage risk and pricing, track performance metrics, and ensure compliance while onboarding new data suppliers.

Requirements

  • A proven track record of managing the risk cycle for SME credit products, like unsecured business loans, credit lines, etc.
  • A bachelor's degree from a top university in an quantitative/analytical field, such as engineering, statistics, physics, math, economics, or management
  • A solid understanding of credit policy governance frameworks to work through second/third line of defence in a competent manner
  • To deliver excellent results that exceed requirements
  • To be forward-thinking to plan appropriately, meet multiple objectives, and proactively identify/resolve issues
  • A solid understanding of credit and behavioural scoring models for business lending products, especially in the SME segment
  • The ability to explain complex concepts in a clear, simple manner
  • To understand the value of speed to market and balance between elegant problem-solving and business needs of the hour

Responsibilities

  • Determining the credit strategy for SME lending products in EU
  • Developing account-level valuation frameworks to develop underwriting credit policies using NPV framework to optimise portfolio-level economic returns
  • Optimising credit strategies (new originations, existing customer management, arrears management) to maximise portfolio risk-adjusted returns
  • Improving credit decisioning capabilities, balancing them with a manual approach
  • Designing, deploying, and analysing champion-challenger tests across the credit lifecycle
  • Managing credit limits, risk-based pricing, retention strategies, and over-limit policies
  • Supporting the annual budget, forecast, and planning processes, from assessing data to preparing a strategic plan
  • Tracking, communicating, and drawing insights from performance of ongoing initiatives, staying on top of credit KPIs through intensive monitoring
  • Ensuring approval and good rating of first line credit risk function from second line, third line, and regulators
  • Selecting and onboarding new data suppliers

FAQs

What is the primary responsibility of a Credit Manager at Revolut?

The primary responsibility of a Credit Manager at Revolut is to design credit risk policies, procedures, and strategies for the company’s SME lending products, as well as managing the validation of the underwriting strategy as the business grows.

What type of educational background is preferred for this role?

A bachelor's degree from a top university in a quantitative or analytical field, such as engineering, statistics, physics, math, economics, or management, is preferred for this role.

Is experience with SME credit products required for this position?

Yes, a proven track record of managing the risk cycle for SME credit products like unsecured business loans and credit lines is required for this position.

What technical skills are beneficial for this role?

Excellent working knowledge of SQL, R, Python, and/or other data analysis tools is beneficial for this role.

Are there opportunities for growth and development within Revolut?

Yes, Revolut emphasizes employee development and encourages people who love building great products and redefining success to join their team.

What kind of work environment does Revolut promote?

Revolut promotes a multicultural and inclusive work environment, prioritizing exceptional and innovative products and services for its customers.

Do I need to have prior experience in credit policy governance frameworks?

Yes, a solid understanding of credit policy governance frameworks is necessary to work through the second and third lines of defense effectively.

What is the focus of the credit department at Revolut?

The focus of the credit department at Revolut is to design, develop, and launch credit features across the globe, managing products from inception to execution and creating scalable risk and portfolio management solutions.

Is there a possibility of remote work in this role?

Yes, there are opportunities for remote work, but it is in a hybrid format.

Are there any specific personal qualities that are desirable for a candidate?

Yes, candidates should be forward-thinking, able to deliver excellent results, possess strong problem-solving skills, and have the ability to communicate complex concepts clearly and simply.

One app, all things money

Finance
Industry
1001-5000
Employees
2015
Founded Year

Mission & Purpose

We are building the world’s first truly global financial superapp. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, our 15 million customers around the world use dozens of Revolut’s innovative products to make more than 100 million transactions a month. Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.

Culture & Values

  • Get It Done

    Revoluters always push through!
 We stopped listening to excuses a long time ago - we care about results. We believe that grit, determination, skill, smartness, and courage can break through almost any wall.

  • Deliver WOW

    We love building great products, we love delighting our customers, we love turning the complexity of a chaotic world into the simplicity of a beautiful solution that truly solves customer needs.

  • Dream Team

    We select, coach, and retain the top talent only and give them all the support to achieve greatness

  • Never Settle

    Revolut is for those who always strive for excellence, for those who want to become the best in the world at what they do, for those who would never settle for less. Revolut is for 10x people.

  • Think Deeper

    Logic, reason, and common sense prevail over everything else in decision making at Revolut. We are open-minded, we listen, and we are always in search of the truth.

Benefits

  • Financial benefits that show we value your work

  • Medical insurance for you and your close ones

  • Flexibility to work from home, the office or abroad

  • A complimentary Revolut Metal subscription loaded with perks

  • Exciting events year-round so you can get to know your team