At a Glance
- Tasks: Lead credit risk framework and conduct deep financial analysis for global partners.
- Company: Join Wise, a pioneering fintech transforming 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 fast-growing tech company.
- Qualifications: Experience in counterparty credit risk and strong analytical skills required.
The predicted salary is between 50000 - 70000 £ 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.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager - Banking in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Wise. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Risk Manager - Banking in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Wise.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Wise's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Wise
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Wise.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Wise will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Wise employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
