Credit Risk Analyst

What We’re All About at Kroo

Kroo has a big vision. To be the first bank that is both trusted and loved by its customers. We’re helping people take control of their financial future and achieve their goals, whilst making a positive impact on the planet. Here at Kroo, doing what is right is in our DNA. We act with integrity, transparency and honesty. We think big, dream big, and relentlessly pursue our goals. We like to be bold, break new ground, and we never stop learning. But most importantly, we are on this journey together.

How you will contribute:

As a Credit Risk Analyst, you will play a crucial role in ensuring the bank's credit risk is effectively managed and aligned with regulatory requirements. You will be responsible for assessing and monitoring credit risk, working with the CRO and the wider business to develop risk management strategies, and implementing credit policies and procedures. You will work closely with the Risk Management team, Lending Product team, Credit Underwriting team, Finance and other stakeholders to mitigate credit risk and support Kroo bank's growth objectives.

The Kroo is growing and we’d love to hear from you if you’re interested in joining us on our journey.

Requirements

About You

While not all essential, the following experience is highly desirable in our ideal candidate for this position:

Here's what you'll be doing

• Evaluate and analyse credit risk exposures for various types of lending including overdrafts and personal loans.
• Conduct periodic credit reviews and assessments.
• Support the finance and risk department in the production of the Internal Capital Adequacy Assessment Process, determining the capital requirements in relation to the bank’s credit exposures.
• Monitor industry trends and macroeconomic factors to anticipate potential credit risks.
• Support the development and implementation of credit risk policies and procedures in accordance with regulatory guidelines and internal risk appetite and in collaboration with the first line Lending team.
• Review and update credit risk policies and guidelines to adapt to changing market conditions and industry best practices.
• Provide input with regard to relevant laws, regulations, and reporting requirements related to credit risk management.
• Support the establishment of the risk assessment frameworks, methodologies, and models to quantify and mitigate credit risk.
• Identify and evaluate risk mitigation techniques, such as credit enhancements.
• Support in identifying appropriate risk mitigation strategies and actions to senior management.
• Monitor the bank's credit portfolio and assess portfolio performance against defined risk metrics and benchmarks.
• Identify and report key credit risk indicators and trends to senior management and relevant committees.
• Conduct portfolio stress testing and scenario analysis to assess potential impact on credit risk exposure.
• Prepare regular credit risk reports, including risk dashboards, key risk indicators, and management reports for internal stakeholders.
• Present credit risk assessment findings and recommendations to senior management and relevant committees.
• Collaborate with internal and external auditors, regulators, and rating agencies during credit risk audits and examinations.

Here’s what we are looking for ideally:

• Bachelor's degree in finance, economics or a related field.
• 3 - 5 years of experience in consumer credit risk management within the banking or financial services industry.
• Strong understanding of credit risk assessment, credit analysis, and lending practices.
• Familiarity with regulatory requirements and best practices related to credit risk management.
• Proficiency in using risk management tools and software.
• Excellent analytical and problem-solving skills with the ability to interpret complex data.
• Strong written and verbal communication skills, with the ability to present information effectively to diverse audiences.
• Ability to work collaboratively in a team environment and build relationships with key stakeholders.
  

About Our Process:

We can be flexible with the structure of our interview process if someone's circumstances or timescales require it but our general structure is:

• People screen interview - 30 mins
• Technical interview with the hiring manager - 45 mins
• Head of division interview - 45 mins

Please let us know if you have any specific requirements or need assistance so we can be as accommodating as possible for you.

Benefits

What we offer:

At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top-notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:

• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
• Employer-sponsored volunteer program: We're passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time.
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
• Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top-up.
• Learning and development: After 1 year of service, you'll have access to £500 from the Kroo Learning Fund to invest in your career development.
• Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required.
• Modern office: When you're in the office, you'll enjoy access to our modern, bustling workspace in Holborn, Central London, which includes a full gym.
• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.
• Electric Car scheme: We're committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same.
• Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families.
• Room for growth: As a fast-paced, high-growth start-up, we're dedicated to providing our employees with room to grow and excel.
• You get full healthcare for you and your nuclear family via Vitality.

Hybrid Working:

At Kroo Bank, we have a hybrid policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource when used effectively. So, employees who can occasionally come to the office are a good fit for how we work right now. Keep in mind that this job involves working from Monday to Friday, with a mix of remote and office work, so you won't need to be on-site all the time.

Diversity and Inclusion:

We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.

To all Recruitment Agencies:

At Kroo Bank, agency resumes are strictly prohibited. Do not submit agency resumes or forward them to our job advertisements or Kroo Bank employees. Be aware that Kroo Bank will not assume any responsibility for fees incurred due to unsolicited resumes.

To ensure a fair and efficient application process, all candidates are kindly requested to submit their applications directly through the advertised platform. We kindly ask that you refrain from reaching out to the company or its employees via email, LinkedIn, or any other communication channels for inquiries or updates. Please note that any attempts to contact us through these channels will not receive a response. Thank you for your understanding and cooperation.