The mission:
As the Credit Risk Manager, your mission is to ensure the safety and health of our loan portfolio, monitored through one of our key KPIs, the default rate of our portfolio.
You will be responsible for managing the the portfolio aligned with our current risk appetite, aiming for profitability and growth. You will also identify and mitigate external risk factors that could negatively impact its profitability.
To ensure that our loan origination policies are protected, you will establish standard procedures that follow the best industry practices, and make adjustments based on hard data to modify our loan policies where necessary.
The expected outcome:
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Loss Rate monitoring: Supervise and closely analyze loan non-payment rates and evaluate their impact on the credit portfolio. Identify trends and take corrective measures as necessary.
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Portfolio stress testing: Conduct stress tests on the credit portfolio to assess its resilience under different adverse economic scenarios. Identify vulnerability areas and recommend mitigation actions.
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Loss rate projection: Utilize models and historical data to project future default rates and anticipate their impact on the credit portfolio. Conduct sensitivity analysis and adjust risk strategies accordingly.
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Consumer sentiment analysis and tracking: Analyze and track consumer sentiment to understand their attitudes and behaviors related to credit. Incorporate consumer sentiment analysis into risk assessments and decision-making processes.
- Implementing effective risk mitigation strategies to minimize potential losses in the event of default and protect the company's overall credit portfolio.
- Align key stakeholders and lead cross-functional initiatives across Product, Finance, and Marketing to design and execute a business-driven risk strategy.
- Lead the monthly Credit Risk Committee, sharing information on the current health of the portfolio and make data-based recommendations on the credit policy decisions
Why YOU should apply:
- 7+ years experience of managing credit risk, whether in a traditional bank, neobank or fintech
- Solid understanding of consumer loan portfolio management
- Solid understanding of credit policy governance framework
- The ability to deliver excellent results that exceeds requirements, plan appropriately to meet multiple objectives and think forward on inter-dependencies to proactively identify and resolve issues
- Highly analytical mindset with excellent problem solving skills
- Excellent working knowledge of Python or MySQL & other data analysis tools and also willing to learn new technology
- Deep understanding of portfolio segmentation, cohort analysis, performance tracking, with the ability to independently assess their adequacy and make changes where required
- Drive for continuous improvement, integrating lessons learned into portfolio governance, policy and forecasting to mature the organization
- Professional fluency in English
What we can offer:
- Being part of a multicultural, highly driven team of professionals
- 20 vacation days / year + 75% holiday bonus (Prima Vacacional)
- 1 month (proportional) of Christmas bonus (Aguinaldo)
- Food vouchers
- Health & Life insurance
- Competitive salary
