Financial Risk Manager -Credit Risk

Join to apply for the Head of Lending / Chief Risk Officer role at Updraft Join to apply for the Head of Lending / Chief Risk Officer role at Updraft Updraft is an award winning, FCA-authorised, high-growth fintech based in London. Our vision is to revolutionise the way people spend and think about money, by automating the day to day decisions involved in managing money and mainstream borrowings like credit cards, overdrafts and other loans. A 360 degree spending view across all your financial accounts (using Open banking) A free credit report with tips and guidance to help improve your credit score Native AI led personalised financial planning to help users manage money, pay off their debts and improve their credit scores. Intelligent lending products to help reduce cost of credit We have built scale and are getting well recognised in the UK fintech ecosystem. ~800k+ users of the mobile app that has helped users swap c £500 m of costly credit-card debt for smarter credit, putting hundreds of thousands on a path to better financial health ~ 8 on the Play Store, and 4.4 on the iOS Store. ~ Updraft once again featured on the Sifted 100 UK startups – among only 25 companies to have made the list over both years 2024 and 2025. We are looking for exceptional talent to join us on our next stage of growth with a compelling proposition – purpose you can feel, impact you can measure, and ownership you’ll actually hold. Expect a hybrid, London-hub culture where cross-functional squads tackle real-world problems with cutting-edge tech; and the freedom to experiment, ship, and see your work reflected in customers’ financial freedom. At Updraft, you’ll help build a fairer credit system. This role will oversee the end-to-end lending lifecycle, from product design to risk management and customer acquisition. The ideal candidate is a seasoned professional with a strong background in consumer lending, credit risk management, and regulatory compliance, combined with a passion for leveraging technology to transform the lending experience. This is a P&L ownership role that optimises credit risk, acquisition strategy, portfolio management strategy and overall P&L and unit economics. You are responsible for underwriting strategy – segmentation, credit risk models, approval decline criteria, pricing and line assignment as well as portfolio strategy – segmentation, models and strategy development. You are responsible for the unit economics of the business and will work to constantly improve the NPV of the lending being originated. You are responsible for building a top tier lending team with credit risk and commercial staff. You will be responsible for creating credit strategy and execution for new channels – e.g. aggregator, partnerships etc You will be responsible for creating credit strategy and execution for new lending products We do not believe in silos and departments that are typically found in banks and other lenders. The best candidates will have experience of working in a digital lender and have a passion for delivering high-quality consumer outcomes and impact to improve the lives of millions of people. Added bonus if you have worked in a lending fintech and managed to scale that up. 10+ years\’ experience with P&L experience leading a product or risk team within a credit card, monoline lender or a bank (originations or portfolio management) * a passion for data and analytics, a grandmaster with excel pivots, being able to hack around in python and build response, risk, collections and portfolio management models a plus. * Strong awareness of compliance and financial regulation Employment type Full-time Get notified about new Chief Risk Officer jobs in London, England, United Kingdom . Finance Director | High-Growth D2C Retailer Assistant Director of Finance & Analytics Equity Analyst – $2bn AUM Long-Biased Hedge Fund GRADUATE CONSULTING ANALYST – PRIVATE EQUITY Head of Financial Planning and Analysis – Modelling & Valuations EMEA CFO Business Manager, Executive Director We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #