At a Glance
- Tasks: Support and refine lending strategies while analysing risk for SMEs in Germany.
- Company: Join iwoca, a dynamic fintech company empowering small businesses with flexible finance.
- Benefits: Enjoy flexible hours, medical insurance, generous holiday, and a learning budget.
- Other info: Collaborative team culture with opportunities for career growth and exciting company retreats.
- Why this job: Make a real impact on SMEs' growth while developing your analytical skills.
- Qualifications: Degree in a quantitative field and strong data analysis skills required.
The predicted salary is between 40000 - 55000 £ per year.
The company
Small businesses move fast.
Opportunities often don't wait, and cash flow pressures can appear overnight.
To keep going, and growing, SMEs need finance that's as flexible and responsive as they are.
That's why we built iwoca.
Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed.
We've already cleared the way for 100,000 businesses with more than £4 billion in funding.
Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier.
Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.
We're looking for a Risk Analyst
You’ll support & refine our lending strategy within Germany, including supporting new growth initiatives, designing & analysing tests, supporting the development of our scorecards and underwriting strategy, and managing our portfolio risk.
Working closely with data scientists, credit analysts and cross functional teams, you’ll solve analytical problems to help us provide small & medium size businesses in Germany with the funds they need to grow.
The team
The Lending Strategy team decides who iwoca lends to in Germany, and on what terms.
Its work covers model development, lending strategy, and portfolio risk.
The team works closely with Data Science (credit models), Product, tech teams, Operations Strategy, and our team of Credit Analysts.
The team's work is central to iwoca Germany's growth and has a direct impact on both customer outcomes and business performance.
The team includes data scientists, developers, and risk analysts, all working hybrid schedules in London.
The role
We're looking for a curious and motivated individual to join our Lending Strategy team as a Risk Analyst.
You’ll work with analysts, data scientists, and senior stakeholders to shape iwoca Germany's lending strategy.
Key responsibilities
- Build expertise in the credit domain.
- Develop your analytical skills through exposure to different experimental approaches and complex analysis.
- Play a leading role in providing insightful analytics on the risk profile of our lending book and assisting with lending strategy decisions.
- Partner with key stakeholders within Team Germany in order to provide credit risk expertise to multi-disciplinary projects.
- Work closely with the data science teams to improve our credit assessment scorecards & strategies (both for our automated and manual underwriting processes).
- Develop and maintain reporting dashboards, presenting a clear picture of the state of our lending.
- Practice turning data into information, and information into insights, so that you and various stakeholders can deliver improvements with real impact for our customers.
- The requirements
We look for people that are smart, humble, motivated and who are always looking to improve.
Essential
- A degree in a quantitative field such as Mathematics, Physics, Engineering, or similar.
- Ability to analyse data and generate insights to support decisions.
- Clear written and verbal communication, with the ability to tailor analysis and recommendations to different audiences.
- An analytical mindset with a practical approach to problem solving.
- A bucket-load of common sense.
- A commitment to using modern tools effectively - including AI - to maximise quality, speed, and rigour, while retaining responsibility for accuracy and outcomes.
- Bonus
- Experience in B2B or B2C credit risk lending and strategy.
- Experience with SQL and Python
- Experience with data visualisation tools like Looker
- The salary
We expect to pay from £40,000-£55,000 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 development of our team members.
We value thought and skill diversity, and encourage people to explore new areas of interest, adopt better tools - including AI - and apply sound judgement so our products and decisions improve over time.
The offices
We put a lot of effort into making iwoca a great place to work
- Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks.
- Events and community-led groups, including running groups, padel, and monthly ping-pong and pool competitions.
- The benefits
- Flexible working hours.
- Medical insurance from Vitality, including discounted gym membership.
- A choice between a dedicated dental plan or a health cash plan that reimburses everyday medical expenses.
- A private GP service (separate from Vitality) for you, your partner, and your dependents.
- 25 days' holiday per year, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave.
- A one-month, fully paid sabbatical after four years.
- Instant access to external counselling and therapy sessions for team members that need emotional or mental health support.
- 3% Pension contributions on total earnings.
- An employee equity incentive scheme.
- Generous parental leave and a nursery tax benefit scheme to help you save money.
- Electric car scheme and cycle to work 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
Risk Analyst in London employer: Iwoca Ltd
iwoca is an exceptional employer that fosters a dynamic and inclusive work culture, particularly for the Senior Backend Engineer role in London. With a strong emphasis on employee growth and learning, you will have the opportunity to engage in innovative projects while collaborating with diverse teams. The hybrid work model and focus on applying cutting-edge AI technologies make iwoca a rewarding place to advance your career in the fast-paced fintech sector.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Iwoca Ltd. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Iwoca Ltd.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Iwoca Ltd. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Risk Analyst in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Iwoca Ltd and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Iwoca Ltd how you can be a team player!
How to prepare for a job interview at Iwoca Ltd
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Iwoca Ltd.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Iwoca Ltd's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
