Risk Manager

About Revolut

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, our super app has helped over 20 million customers get more from their money. And we're not done yet.

As we continue our lightning-fast growth, we believe that two things are essential to continuing our success: our people and our culture. So far, we have more than 3000 people, based in 20 offices around the world, working on our mission. And we're looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

• Our Risk team sits at the very core of Revolut. Those special agents work across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing People in the Risk team are among the first in the company to get involved in new business initiatives, from App Technology, through Treasury and Finance, to Customer Support
• We're looking for a Risk Manager who'll to continue to grow the retail credit portfolio of Revolut An expert of making data driven decisions with good business intuition on risk adjusted return requirements. Someone to lead the initiative for preventive and reactive actions towards any micro and macro factors impacting portfolio credit performance and profitability
• Up for the challenge? Let's get in touch

What you'll be doing

• Developing strategies to to launch new products by conducting in-market tests to define the right product market fit, target customer segments and conceptualise tests and accelerate innovation by experimentation
• Supporting the annual budget, forecast and planning processes, from assessment of market/industry trends through data gathering and analysis, initiative selection and assessment, preparation of the plan, from concept to delivery
• Tracking, communicating and drawing insights from the performance of ongoing initiatives & be on top of all credit KPI's through intensive monitoring
• Identifying operational inefficiencies and managing the implementation of small scale change within the Credit function
• Partnering with engineers, PM, data scientists, designers etc. to coordinate and prioritise business decisions
• Ensuring approval and good rating of first line credit risk function from second line, third line and regulators
• Ensuring low and controllable default rate
• Achieving effective control of underwriting procedure and score cutoffs
• Analysing and managing the portfolio through the economic cycle
• Ensuring continuous monitoring and validation of the credit decision outcomes and MIS availability

What you'll need

• Proven track record of managing through the cycle credit risk for retail credit products like credit cards, unsecured personal loans, etc.
• A bachelor's degree (preferably Masters or higher) in an quantitative/analytical stream like Engineering / Statistics / Physics / Maths / Economics / Management from a top university
• Experience in portfolio management, which includes credit limit management, risk based pricing, retention strategies, overlimit policies, etc.
• Solid understanding of credit policy governance framework and is able to work through 2nd/3rd line of defense in a competent manner
• Proven excellent results of previous projects that exceeds requirements, plans appropriately to meet multiple objectives and is forward thinking on inter-dependencies to proactively identify and resolve issues
• Solid understanding of credit as well as behavioral scoring models esp. for retail credit products
• Experience in developing account level valuation frameworks to develop underwriting credit policies using NPV framework to optimise portfolio level economic returns
• Strong experience in making data driven decisions with especial focus on marginal decision making
• Experience in portfolio management, which includes but is not limited to credit limit management, risk based pricing, retention strategies, overlimit policies etc.
• Good business intuition on Risk adjusted return requirements & overall is able to manage / adjust the portfolio returns as more / new data comes into light
• Clear, concise and structured way of thinking with ability to explain complex concepts in simple manner
• Deep thinking and ability to process a lot of information towards most optimal decision making
• Understanding of the value of speed to market and ability to balance between elegant problem solving and business need of the hour
• Excellent working knowledge of SQL, R and Python etc. & other data analysis tools and also willing to learn new technology to help business scale

Nice to have

• Python notebooks
• Experience with R or Python

The Benefits

• Competitive salary
• Competitive 401(k) plan
• Attractive bonuses
• Roll with a free Revolut Metal subscription
• Flexible work hours
• Remote environment
• All the latest tech you need

#LI-Remote | #LI-DF1

A little about us...When Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate. Launching into 2020 with 10 million Personal customers and over a quarter of a million Business customers only reinforced our belief in the vast need across the world for better financial services. As our customer base has boomed in the last year, we've expanded our team to match that growth. We started 2019 with several hundred employees; we closed it out with 2000.

What we're looking for...Revolut is being scaled up by people all around the world who share our vision. We're looking for people who align with our five core values: we believe that we Get it Done because we Think Deeper and are strongly rooted in the Dream Team. We Never Settle hence why we always Deliver Wow. You want to join a community forward thinking people - we are here for you. We believe in empowering our Revoluters in their work, giving them autonomy and ownership of what they do. We want everyone at Revolut to own their story and their successes - working with us means you're not just another cog in the machine.