We're looking for a Senior Credit Risk Manager

The company

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes. We've already made several billion in funding available to more than 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe.

Our mission is to finance one million businesses. We'll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science, and a 5-star customer service

The role - Shape the future of small business lending

At iwoca, we're on a mission to expand access to finance for small businesses. As we continue to grow, we're looking for a sharp, experienced Credit Risk Manager to lead the team that manages the credit performance of our UK lending portfolio. This role is central to maintaining our strong credit risk culture and ensuring we scale responsibly and sustainably.

You'll work closely with our Chief Credit Officer, Data Scientists, Capital Markets team, and other stakeholders across the business. Your insights will directly influence credit policy, risk appetite, funding strategy, and our ability to serve more customers with confidence.

What you will be doing:

• Own the portfolio: Monitor credit performance across the UK portfolio-by product, segment, and risk tier. Spot trends early and drive corrective action.
• Be the voice of credit risk: Provide clear, concise reporting on loss rates and credit profile to the Risk Committee and senior leadership.
• Support strategic direction: Help shape and manage iwoca's credit risk appetite and credit policy.
• Inform funding strategy: Work with Capital Markets to produce compelling, data-driven risk insights for investors. Ensure we meet performance triggers and concentration limits across funding facilities.
  Cross-functional leadership: Bring credit risk expertise to major business initiatives and multi-disciplinary projects.
• Lead the team: Set a clear agenda for your team, coach and develop talent, and ensure high-quality, impactful delivery.

The team:

You'll join the Credit Risk team, whose primary focus is managing the credit risk profile of our lending portfolios to support iwoca's broader business goals and mission.

The requirements

• A strong analytical mind: A background in Mathematics, Physics, Engineering, or a similarly quantitative field-or equivalent experience.
• Credit risk expertise: 3+ years in a credit risk role at a traditional or fintech lender.
• Data-driven problem-solver: Skilled at both framing problems conceptually and executing technical analysis. Hands-on with Python (Pandas, NumPy, SciPy, Matplotlib, Seaborn) and SQL.
• Bonus points for experience with Monte Carlo simulations, PyMC3, and Bayesian modeling.
• Confident communicator: Able to turn complex analysis into clear, actionable insight for technical and non-technical audiences alike.
• People leader: Experience managing analysts or small teams with a focus on coaching and professional development.
• Execution-focused: Able to structure and drive work forward independently and collaboratively in a fast-paced environment.

The salary

We expect to pay from £80,000 to £90,000 for this role, But, we're open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates, and run quarterly performance and salary reviews.

The culture

At iwoca, we look to hire smart, passionate, humble individuals with a growth mindset. We prioritise a culture of learning, growth, and support, and invest in the professional development of our team members.

We value thought and skill diversity, and encourage you to explore new areas of interest to help us innovate and improve our products and services.

Our friendly and inclusive environment, combined with our flexible work policies, ensures that you'll have the perfect balance between work and life, empowering you to thrive both personally and professionally.

The offices

We put a lot of effort into making iwoca a brilliant place to work:

• Offices in London, Leeds, Berlin and Frankfurt with plenty of drinks and snacks
• Events and clubs, like bingo, comedy nights, yoga classes, football, etc.

The benefits (depending on your location)

• Medical insurance from Vitality, including discounted gym membership.
• 25 days' holiday, an extra day off for your birthday, and the option to buy or sell an additional 5 days of annual leave.
• Instant access to emotional and mental health support with our partner, Spill.
• Pension and share options.
• Generous maternity and paternity leave.
• A nursery tax benefit scheme to help you save money.
• Paid volunteering day to support your chosen charity.
• Unlimited unpaid leave.
• One-month fully paid sabbatical after 4 years.
• Cycle-to-work scheme and electric car scheme.
• Two company retreats a year, we've been to France, Italy, Spain and further afield.
• Private GP service for you, your partner, and your dependents.

And to make sure we all keep learning, we offer:

• A learning and development budget for everyone.
• Company-wide talks with internal and external speakers.
• Access to learning platforms like Treehouse if you want to learn to code.

Useful links:

• iwoca benefits & policies
• Interview welcome pack