At a Glance
- Tasks: Lead credit risk management and analysis for a global fintech company.
- Company: Join Wise, a pioneering tech firm transforming how money moves worldwide.
- Benefits: Competitive salary, inclusive culture, and opportunities for career growth.
- Other info: Diverse team environment with a focus on innovation and collaboration.
- Why this job: Be part of a mission to make financial transactions easier and more affordable for everyone.
- Qualifications: Experience in credit risk, strong analytical skills, and knowledge of regulatory capital.
The predicted salary is between 60000 - 80000 £ per year.
hackajob is collaborating with Wise to connect them with exceptional professionals for this role. Below covers everything you need to know about what this opportunity entails, as well as what is expected from applicants.
Wise is a global technology company, building the best way to move and manage the world's money. Min fees. Max ease. Full speed. Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money. As part of our team, you will be helping us create an entirely new network for the world's money. For everyone, everywhere.
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 won't just be "checking boxes". 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.
Key Responsibilities- Credit Evaluation & Advanced 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.
- Capital & Liquidity Modeling: 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 (e.g., a rating downgrade of a major bond issuer or a liquidity freeze in the Repo market).
- Investment Portfolio & Exposure Monitoring: Conduct credit assessments and provide risk-based opinions on investment instruments, including Sovereign/Corporate Bonds, Money Market Funds (MMFs), and Repurchase Agreements (Repos).
- Risk vs. Reward Rationale: Develop frameworks to evaluate counterparty exposure against financial returns.
- 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: 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.
- Cross-Functional Collaboration: 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.
Why Join Wise? You will be at the forefront of building a world-class risk function in one of the world's most successful fintechs. This isn't just about maintenance; 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 believe teams are strongest when they are diverse, equitable and inclusive. We're proud to have a truly international team, and we celebrate our differences. 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.
If you want to find out more about what it's like to work at Wise visit Wise.Jobs.
Senior Credit Risk Manager in Westminster employer: Wise
Wise is an exceptional employer that prioritises the well-being and professional growth of its employees. With a dynamic work culture that fosters innovation and collaboration, team members are encouraged to develop their skills while contributing to meaningful resilience strategies on a global scale. Located in a vibrant city, Wise offers competitive benefits and unique opportunities for career advancement, making it an ideal place for those seeking a rewarding and impactful career.
