Credit Risk Analyst at Prodigy Finance

Job description

Why this is an amazing opportunity

This role is perfect for a qualified Credit Risk Analyst who thrives in a complex environment and who wants to supercharge their career by experiencing first-hand what it is like to be part of an energetic, extremely fast growing company.

We are a non-hierarchical, non-corporate team; this means that you are going to get exposure to all aspects of our business immediately. You’ll gain as much accountability as you can handle and have an influence on building the company.

The sense of impact and reward will be huge. You will help to build a platform that helps to make a very real difference in the world. The platform is complex - it has to be, because we make it possible for students from more than 100 countries to obtain the finance to fulfil their dream of studying at the world’s top universities and schools. Be a part of delivering socially responsible financial services to the masses.

Our team is very international and very sociable; you will interact with everyone in the business around the world on a regular basis. Being an organisation that’s passionate about education; we place a high value on learning and personal growth, so you’ll have time to learn new skills in work time and at the company’s expense.

Why join Prodigy Finance

• Be a part of a pioneering global growth company.
• Experience the excitement and learn from being part of an incredibly fast-growing young company. No kidding – exponential growth. Happening right now!
• Be pivotal in scaling the business by identifying smart solutions and partners with tech at the heart of it.
• Enjoy the agility and flexibility offered by a startup culture. A sociable, relaxed and friendly work environment (with a serious coffee culture where you can wear shorts to work).
• We will help you make your mark. Make a real impact on the business and experience a steep learning curve with huge opportunities to grow and develop.
• Gain an inside perspective on the functioning of a venture-backed FinTech startup, backed by one of the top European VCs, learn day-to-day management and build functional expertise.
• Build a platform that helps to make a very real difference in the world.
• Receive a competitive salary and share options in the company. Since you will be playing a key role in making us successful, it is only right that you share in the rewards of our success.

What you will do in the role

As an experienced Credit Risk Analyst, you will join our Risk Team and support the whole business on all aspects of Credit Risk Scoring and Portfolio Performance Reporting. Working closely as part of the group, this role requires you to be able to learn quickly and be a hands-on team player. The team will look to you to take responsibility for leading parts of the scorecard development process, data collection and cleaning, credit committee functions, portfolio reporting and business support functions.

We are already very international, with multiple schools and students across the globe, which means that our risk framework is complex and data gathering and analysis is difficult. You will need to be able to support the business teams working from across the world in developing new risk scorecards for courses as they are added to our range of eligible courses.

Specific responsibilities will range across:

• Signing off of new courses
• Develop new and/or improved risk policies
• Write specifications for automation of risk scorecards
• Test systems
• Provide all areas of the business with portfolio performance data
• Analyse portfolio performance data and produce reporting packs
• Assist the business during audits of the portfolio and credit decisions
• Make daily Credit Committee decisions according to policy
• Perform ad-hoc analysis on the portfolio and credit decisions for management
• Produce Credit metrics monthly
• Update the Credit policy from time to time
• Conduct market research on best practices as well as exit salaries for graduating students
• Provide insight into data requirements from various sources such as our internal borrowers, schools careers departments, online, external data agencies
• Manage multiple stakeholder interests, including investor relations, operations, school relations and product development
• Analyse portfolio performance and provide key insights. Suggest process, model and system improvements
• Liaise with auditors of SPV structures with regards to loan portfolio data and credit performance issues
• Provide specialist input and ownership of risk system improvements, delivering detailed improvement specifications to the product development team. Support the development of new product lines, providing key economic and risk inputs into business development cases

What you need to be great at

• Strong attention to detail; logical, systematic, relentless focus on 100% accuracy and an obsession for error-free, perfectly presented documentation and communication
• Explaining complex technical concepts, in concise and simple language to people who do not have a statistical background
• Being able to think creatively especially when it comes to dealing with new business development areas where no or very little data is available
• Structured, highly organised, able to multi-task and project manage; can correctly prioritise multiple issues and process data from disparate sources
• Being able to remain calm and collected under pressure
• Outstanding analytical thinking capability; highly numerate, advanced technical skills
• Problem-solving aptitude; able to make logical conclusions, anticipate obstacles, and consider different approaches to setting up and continuously improving systems and processes
• Ability to work autonomously without micro-management, in a rapidly changing and often ambiguous environment; possess the self-motivation and inner drive to set and deliver against tight deadlines. Breaks down tasks and problems into manageable components independently and is able to design and execute work plans, in order to deliver on the overall objectives
• Start-up DNA; resilient, gets things done, 80/20, carpe diem, adaptable to change, huge capacity for hard work in a relentlessly fast paced environment

Who we are looking for; track record must haves

• Strong experience in a Risk Analyst role within a consumer credit environment
• Statistics Degree/background/ability to conduct statistical analyses such as logistical regression, linear regression, time series analysis, random forest, etc.
• Experience in working in an environment where data is limited and/or imperfect
• Ability to handle and interpret incomplete data
• Strong Excel skills
• Strong statistical and data mining coding skills e.g. SAS, WPS, SQL
• Excellent communication skills
• A high degree of computer literacy, particularly MS Excel, Word and Outlook