At a Glance
- Tasks: Lead credit risk framework and conduct deep financial analysis for global partners.
- Company: Join Wise, a leading fintech revolutionising how the world manages money.
- Benefits: Competitive salary, inclusive culture, and opportunities for career progression.
- Other info: Work in a diverse team that values respect and empowerment.
- Why this job: Be at the forefront of innovative risk management in a dynamic fintech environment.
- Qualifications: Experience in counterparty credit risk and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
Wise is a global technology company, building the best way to move and manage the world’s money. As part of our team, you will be helping us create an entirely new network for the world's money. As Wise continues to scale and evolve its infrastructure, we are looking for a Senior Credit Risk Manager to lead our credit risk framework into its next chapter. You will bridge the gap between traditional credit analysis and advanced quantitative modeling (ICARA/ILAAP) to ensure our global network of banks, NBFIs, and corporate partners remains resilient.
Credit Evaluation & Advanced Analysis:
- Fundamental Analysis: Conduct deep-dive financial analysis of banks, NBFIs, and corporate clients, evaluating liquidity, capital adequacy, and asset quality.
- Limit Management: Design and assign credit limits for financial partners and Wise Platform clients, ensuring they align with our evolving risk appetite.
- Internal Rating Models: Lead the application and refinement of internal credit rating models to ensure risk-sensitive pricing and exposure management.
- Credit risk recommendation: Document and support credit decisions and recommendations to the Credit Risk Committee and the Asset & Liabilities Committee (ALCO).
Quantitative Risk Analysis, Concentration Risk & Stress Testing:
- Act as the SME for concentration and counterparty risk limits, ensuring that our bond holdings, bank deposits, and MMF investments collectively stay within regulatory concentration limits.
- Contribute quantitative expertise to ICARA and ILAAP processes, including modeling the credit risk of the investment book under stressed conditions.
- Scenario Analysis: Run 'what-if' scenarios on the credit portfolio.
Investment Portfolio & Exposure Monitoring:
- Instrument Analysis: Conduct credit assessments and provide risk-based opinions on investment instruments, including Sovereign/Corporate Bonds, Money Market Funds (MMFs), and Repurchase Agreements (Repos).
- Develop frameworks to evaluate counterparty exposure against financial returns. You will build the rationale for Risk vs. Price and Risk vs. ROI, ensuring Treasury yield targets stay aligned with our credit risk appetite.
- Collateral Management: Assess the quality and 'haircuts' of collateral in Repo transactions to ensure Wise is protected against market volatility and counterparty default.
Monitoring, Reporting & Governance:
- Proactive Mitigation: Manage real-time alerts for limit breaches, overshots, and deteriorating credit signals.
- Committee Leadership: Present well-reasoned recommendations and KPIs to the Credit Risk Committee and ALCO.
- Partner with the Banking, Treasury, and Payment Ops teams to find 'risk-balanced' solutions that support Wise’s growth without compromising safety.
The Expert: You have proven experience in Counterparty Credit Risk, ideally within a bank or a high-volume fintech.
Regulatory Capital Knowledgeable: You have a solid grasp of Counterparty Credit limit, Concentration Risk and capital requirements, understand how to translate such requirements into operational workflows.
Quant-Leaning: You are comfortable with financial modeling and the quantitative side of risk (Stress testing, EAD/PD/LGD, and capital requirement modeling).
Certified: You hold an FRM (Financial Risk Manager), PRM, or CFA designation (preferred but not essential).
Analytical & Decisive: You can look at a complex balance sheet and quickly identify the 'red flags,' but you also have the communication skills to explain why they matter to non-risk stakeholders.
You will be at the forefront of building a world-class risk function in one of the world’s most successful fintechs. It's about implementing our Vision of counterparty and credit risk management both globally and regionally as we move toward more sophisticated financial structures. We're people building money without borders — without judgement or prejudice, too. Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.
