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Head of Enhanced Credit Decisioning

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iwoca

1mo ago

  • Job
    Full-time
    Mid Level
  • Data
    Banking & Finance
  • Berlin

AI generated summary

  • You need a strong analytical background, 4+ years in credit risk, proficiency in machine learning, excellent communication skills, and familiarity with the German lending market.
  • You will build credit risk scorecards, define underwriting requirements, lead lending strategy optimization, manage team agendas, ensure stakeholder alignment, and focus on team development.

Requirements

  • Strong analytical background: a degree in Mathematics, Physics, Engineering, or similar quantitative field; or equivalent experience.
  • 4+ years experience in credit risk and lending strategy optimisation at a traditional or Fintech lender.
  • Passion for analytical problem-solving, with a strong track record in developing conceptual frameworks and technical execution. This will include the ability to personally conduct data-driven analysis and guide this work through others.
  • Experience using Python is a plus.
  • Excellent understanding of the statistical techniques and machine learning methods used in credit risk analysis and modelling. Guiding the work of data scientists is an important part of this role.
  • Excellent communication, stakeholder management, and people management skills.
  • Strong commercial instincts.
  • Ability to bring structure to own and joint areas of work to rapidly drive results in a dynamic working environment.
  • Experience of the German lending market, SME lending, and German language skills are all beneficial.

Responsibilities

  • Building and maintaining credit risk scorecards, and defining the underwriting requirements, to optimise discrimination and value conversion in the credit assessment process.
  • Developing, implementing, and managing appropriate testing to support this optimisation.
  • Playing a leading role in building and optimising our lending strategies. A key part of this is providing credit risk expertise to multi-disciplinary projects with the wider team and business stakeholders.
  • Setting and managing the agenda for your team aligned to the broader business strategy, and ensuring buy-in from stakeholders and leadership.
  • Effectively managing the work conducted by your team to maximise delivery.
  • Building the capabilities of your team with a strong focus on coaching and professional development.

FAQs

What is the primary focus of the Head of Enhanced Credit Decisioning role?

The primary focus is to lead the development and management of enhanced credit decision models and processes for our lending portfolio in Germany, ensuring effective credit risk management while maximizing value creation.

What qualifications are required for this position?

A strong analytical background is required, with a degree in Mathematics, Physics, Engineering, or a similar quantitative field; or equivalent experience. Additionally, 4+ years of experience in credit risk and lending strategy optimization is essential.

Is experience with programming languages necessary for this role?

While not mandatory, experience using Python is considered a plus for this role.

What kind of team will the Head of Enhanced Credit Decisioning be leading?

The Head of Enhanced Credit Decisioning will lead a team within the Credit Risk department, focusing on managing credit risk profiles and supporting iwoca's broader business goals in Germany.

What are the expected salary ranges for this position?

The expected salary range for this role is from £95,000 to £125,000, with open-mindedness to consider individual salary goals.

What type of company culture does iwoca promote?

iwoca promotes a culture of learning, growth, and support, valuing thought and skill diversity and encouraging innovation and exploration of new areas of interest.

Will there be opportunities for professional development in this role?

Yes, iwoca offers robust learning and development support, including budgets for personal development and access to learning platforms.

Are there any employee benefits associated with this role?

Yes, the role includes numerous benefits such as medical insurance, generous holiday allowances, emotional health support, pension options, and more, tailored based on location.

What responsibilities will I have regarding team management?

You will be responsible for effectively managing the work of your team to maximize delivery, setting the team agenda aligned with broader business strategy, and focusing on coaching and professional development.

Is experience with the German lending market beneficial for this role?

Yes, experience in the German lending market, SME lending, as well as German language skills, are all considered beneficial for this position.

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iwoca

Technology
Industry
201-500
Employees
2011
Founded Year

Mission & Purpose

iwoca is a fintech company that specializes in providing flexible and accessible small business loans. They offer quick and convenient funding solutions to small and medium-sized enterprises (SMEs) in the United Kingdom and Europe. iwoca's ultimate mission is to empower entrepreneurs and small business owners by providing them with the financial support they need to grow and succeed. Their purpose is to fill the funding gap that traditional banks often overlook, offering accessible and transparent lending options that cater to the specific needs of SMEs. By leveraging technology and data-driven assessments, iwoca aims to simplify the loan application process, make funding more accessible, and support the growth of small businesses, ultimately driving economic prosperity and fostering entrepreneurial success.

Culture & Values

  • Motivated

    Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into.

  • Smart

    At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’.

  • Humble

    We know all ideas are flawed, all code has bugs, and everyone makes mistakes: it’s how we learn. For us, being humble means you question yourself first, rather than your team.

  • Growth Mindset

    We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough.

Benefits

  • Work where you work best

    Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams.

  • Invest in iwoca

    We want people to be invested in iwoca's success so after six months you'll be awarded share options.

  • Keep yourself healthy

    We offer comprehensive health insurance and cash plans. You'll also get gym discounts and we host yoga classes in the office every week.

  • Start (and end) your day right

    Each floor of iwoca HQ has a fully stocked fridge for breakfast and every Friday we unwind with beers and wine.

  • Life-work balance

    We know your life outside of work comes first. We offer enhanced maternity and paternity leave for new parents plus a nursery benefit. We also have unlimited unpaid leave.

  • Learning and development

    Whether you want to learn to code, experiment with motion design, or beat cognitive biases you'll have time and budget to invest in your professional development.