Credit Risk Analyst in City of London

Kroo Lending is here to support the life milestones of our customers. Borrowing can support something joyful, or be a bit grown up: a cargo bike for the commute with kids or replacing a tired old boiler. Credit analytics, decisioning and credit operations effectiveness is at the heart of our ability to support lending customers, ensuring we can offer the most suitable product and service and sustainably grow the business. We have launched some familiar products - overdrafts, and unsecured personal loans - and are now preparing to expand the scale of these. This is a newly created role within our Lending function, which will give you exposure to some exciting projects.

We’re a bank, and we’re a startup: Kroo is able to take the best of both worlds to create products that our customers trust and love. We want to improve the relationship people have with their banks and money and, ultimately, give them more financial independence and control.

How you’ll contribute:

• Develop the credit decisioning ruleset and scorecard, expanding strategies to suit specific customer groups.
• Manage the dynamic pricing modelling alongside credit profiles, to ensure our customer offer is competitive and performs over time.
• Oversee the affordability assessment, using Open Banking transaction analytics to validate specific customer circumstances, and identify vulnerability markers.
• Monitor cohort performance over time, being able to measure and explain variances. This end-to-end view of the credit lifecycle will also include input to the collections strategies and success metrics.
• Monitor our forbearance and arrears effectiveness strategies and provide insight into measurement and improvement approaches.
• Explain and present the credit performance amongst the team and to business stakeholders.
• Support policy and procedure development within the lending team.

About Our Process:

We can be flexible with the structure of our interview process if someone's circumstances or timescales require it but our general structure is:

• People Screen - 30 mins
• Interview with the Head of Lending - 45 mins
• A technical case study - 30 mins
• Face to face meeting with members of the team in our London office.

Please let us know if you have any specific requirements or need assistance so we can be as accommodating as possible for you.

Requirements:

• Experienced UK consumer credit risk analyst.
• Comfortable with credit bureau files and their application in origination scorecards.
• Familiar with transaction data (Open Banking) and its interpretation, for affordability and vulnerability identification.
• A pragmatic, data-first mindset. It’s how you’ll identify opportunities and communicate the expected impact of policy changes and the analysis provided to the business.
• Experience using SQL and data management practices.
• Ability to communicate clearly and succinctly to other credit professionals, and others in the business including our Operations, Finance, Compliance, Product and Engineering.
• Takes initiative and has a natural curiosity to follow the analysis.

Benefits:

• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
• Employer-sponsored volunteer program: We support our employees in giving back to our community with up to 4 hours per month of employer-sponsored volunteer time.
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
• Workplace pension: We offer a workplace pension with a 5% employee contribution and a 3% employer top-up.
• Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop.
• Modern office: Access to our modern, bustling workspace in Central London.
• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.
• Electric Car scheme: Our Electric Car scheme makes it easy for our employees to reduce their carbon footprint.
• Enhanced parental leave: We offer an enhanced parental leave policy to support our employees in starting and growing their families.
• Room for growth: We’re dedicated to providing our employees with room to grow and excel.
• Full healthcare for you and your nuclear family via Vitality.

Hybrid Working:

At Kroo Bank, we have a hybrid/flexible policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource to collaborate and candidates should be able to attend 1-2 days per week regularly to align with how we work at the moment.

Diversity and Inclusion:

We uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank.

To all Recruitment Agencies:

At Kroo Bank, agency resumes are strictly prohibited. Do not submit agency resumes or forward them to our job advertisements or Kroo Bank employees. Kroo Bank will not assume any responsibility for fees incurred due to unsolicited resumes.

To ensure a fair and efficient application process, all candidates are kindly requested to submit their applications directly through the advertised platform. Please refrain from reaching out to the company or its employees via email, LinkedIn, or any other communication channels for inquiries or updates. Any attempts to contact us through these channels will not receive a response. Thank you for your understanding and cooperation.