Risk Analyst

Risk Analyst - Team UK

Hybrid in London, United Kingdom

We are looking for a Risk Analyst who can help us manage our portfolio risk, support our growth plans and help even more small and medium-sized businesses in the UK market.

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes. We’ve already made several billion in funding available to more than 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe. 

Our mission is to finance one million businesses. We’ll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science, and a 5-star customer service 

The role

Analytics and Portfolio Management:

• Leading analytics efforts to assess lending book risk, inform strategy decisions and ensuring robust monitoring processes are in place to follow up on strategic changes.

• Supporting governance framework establishment for risk management and adherence to business objectives.

• Partnering with stakeholders to provide credit risk expertise for cross-functional projects.

Data Science Integration and Reporting:

• Developing and maintaining reporting dashboards to provide clear insights into lending status.

• Collaborating closely with the data science teams to enhance credit monitoring and analysis

• Working with credit scoring infrastructure, eligibility criteria and credit scoring models

Collaboration and Impactful Change:

• Engaging in diverse, fast-paced projects to learn and drive impactful changes.

• Daily tasks encompass problem discovery, data analysis, and solution generation for risk strategy enhancements.

• Close collaboration with Credit Analysts, Data Scientists, team leaders, senior management, and stakeholders from different business units.

The Portfolio Risk Team plays a crucial role in the success of iwoca. They develop our monitoring systems to ensure that we remain within desired risk appetite levels, enable enhancements in the use of risk scores, and collaborate with a variety of stakeholders to facilitate new product initiatives.

Essential:

• Strong numerate background, i.e. maths, physics, statistics, computer science, or similar.

• Ability to analyse and interpret data to provide insights and support decision-making. 

• Team player with a fine balance of confidence, gravitas, humility, and enthusiasm: you will work with various stakeholders to get stuff done in a rapidly growing environment.

• Fluent in English, both written and verbal communication. 

Bonus:

• A natural curiosity to spot, break down and resolve problems.

• SQL and Python coding skills.

• Data Visualisation tools such as Looker.

• B2B or B2C credit risk lending & strategy experience. 

The salary

We expect to pay from £35,000 - £50,000 for this role. But, we’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates, and run quarterly performance and salary reviews. 

The culture

At iwoca, we prioritise a culture of learning, growth, and support, and invest in the professional development of our team members. We value thought and skill diversity, and encourage you to explore new areas of interest to help us innovate and improve our products and services.

The offices

We put a lot of effort into making iwoca a brilliant place to work:

• Offices in London, Leeds, and Frankfurt with plenty of drinks and snacks.

• Events and clubs, like bingo, comedy nights, yoga classes, football, etc.

The benefits

• Medical insurance from Vitality, including discounted gym membership, and a private GP service for you, your partner, and your dependents.

• 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional 5 days of annual leave, unlimited unpaid leave, and one-month fully paid sabbatical after 4 years.

• Instant access to emotional and mental health support with our partner, Spill.

• Pension and share options.

• Generous parental leave and a nursery tax benefit scheme to help you save money.

• Paid volunteering day to support your chosen charity.

• Cycle-to-work scheme and electric car scheme.

• Two company retreats a year, we’ve been to France, Italy, Spain and further afield.

And to make sure we all keep learning, we offer:

• A learning and development budget for everyone.

• Company-wide talks with internal and external speakers.

• Access to learning platforms like Treehouse.

Useful links:

• iwoca benefits & policies

• Interview welcome pack