Credit Manager (Business Lending)

About Revolut

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 50+ million customers get more from their money every day.

As we continue our lightning-fast growth,‌ 2 things are essential to our success: our people and our culture. In recognition of our outstanding employee experience, we've been certified as a Great Place to Work™. So far, we have 10,000+ people working around the world, from our offices and remotely, to help us achieve our mission. And we're looking for more brilliant people. People who love building great products, redefining success, and turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

The credit department at Revolut is anything but ordinary. They design, develop, and launch credit products across the globe. The team manages our products from day one to the end — developing the back and front-end, the data science infrastructure, and then creating a local setup in each country with scalable risk management and portfolio management solutions. It's a big job, but our people are a credit to us all.

As a Credit Manager, you'll be responsible for designing credit risk policies, procedures, and strategies for Revolut’s Business lending products. This is a new product in our portfolio, and as that book grows, you'll be managing validation of the underwriting strategy, as well as leading the charge for preventative and reactive actions to the market and product offering.

Up for the challenge? Let's get in touch.

What you’ll be doing

• Creating Business Lending policies, procedures, and frameworks
• Helping to build and scale global underwriting systems
• Making data-driven decisions with special focus on marginal decision making
• Managing credit limits, risk based pricing, retention strategies, over-limit policies, etc.
• Adjusting risk return requirements and managing/adjusting portfolio returns as new data comes to light
• Supporting the annual budget, sales forecast, and planning processes by assessing market/industry trends through data gathering and analysis
• Tracking, communicating, and drawing insights from performance of ongoing initiatives while staying on top of all credit KPIs through intensive monitoring
• Identifying operational inefficiencies and managing the implementation of small scale change within the Credit function
• Ensuring approval and good rating of first line credit risk function from second line, third line, and regulators

What you'll need

• A proven track record of managing the credit risk cycle for business credit products, like credit cards and unsecured loans
• A bachelor's degree (preferably master's or higher) from a top university, preferably in a quantitative/analytical major like engineering, statistics, physics, maths, economics, or management
• A solid understanding of the credit policy governance framework and to be able to work through 2nd/3rd line of defence in a competent manner
• A background of providing excellent results that exceed requirements, planning appropriately to meet multiple objectives and proactively identifying and resolving issues
• A solid understanding of credit and behavioural scoring models for business credit products
• Clear, concise, and structured communication skills to explain complex concepts in a simple way
• Deep thinking capabilities to process a lot of information and ensure optimal decision making

Nice to have

• Working knowledge of SQL, R, and Python
• Knowledge of other data analysis tools and a willingness to learn new technology to help scale the business

Building a global financial super app isn’t enough. Our Revoluters are a priority, and that’s why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We’re doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That’s why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

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