Credit Risk Manager

Knoma is an early stage startup backed by a large European VC. We offer a payment solution and marketplace for lifelong learning with the aim of tackling the digital skills gap. 

We are looking for an experienced credit underwriter, who can become an instrumental part of the team. As a Credit Risk Manager you would oversee development of the logic and the systems associated with working out who we lend to and how much we lend, and then how we collect that money back.

Responsibilities

• All underwriting (including redecisioning) along with any decision science work needed to build and deploy decisioning models and logic.
• Credit limit assignment activity and credit limit increase/credit limit decrease programs
• Setting and monitoring the credit risk control framework (e.g. early warning indicators, risk appetite etc.).
• Provisioning, write offs and management of our P&L credit loss line
• Ensuring we lend in a compliant and consumer centric way

Competences & Characteristics

Knoma would love you to apply if you have a deep understanding of managing consumer credit risk. You should understand all aspects of the credit lifecycle from decision science and underwriting through portfolio management, including collections and provisioning and all of the regulations that apply.

You should be comfortable using data and analytics to optimise across all of these stages. In particular, you should have experience of the following within a consumer lending environment:

• Credit underwriting
• Collections strategy design and management
• Decision system management and development
• Data Science (regression modelling and machine learning)
• Portfolio optimisation, including redecisioning and credit limit strategy management
• Credit reference agency data and products (including reporting back and negotiating commercials)
• Customer Lifetime Value (CLV) modelling/Net Present Value (NPV) modelling/unit economic
• Capital allocation and P&L income and losses modelling and stress testing
• A/B test design and statistical significance

You should apply if: 

Ideally Knoma is seeking someone from the FinTech space, who has experience in working with early stage financial startups. 

• You’re a real expert in consumer credit risk management and understand the detail behind how to optimise all of the various components that make lending products profitable
• You have a solid understanding of how lending products work to generate profit including experience of building and using tools like Customer Lifetime Value and/or Net Present Value modelling and how income and losses are recognised on the P&L
• You have a deep understanding for credit risk measurement and control frameworks and are able to set these up from scratch using first principle thinking
• You’re self-motivated, highly organised and focussed on impact
• You’re happy taking an MVP approach and doing what’s good enough for now
• You’re excited about the future of finance and the importance of lifelong learning
• You’re able to build strong, mutually respectful relationships with diverse teams

Salary competitive! If interested please send your CV over to support@knoma.io