Risk Analyst - Credit Risk Modelling

Risk Analyst - Credit Risk Modelling Team

Hybrid in London, United Kingdom

The Company

Imagine a world where every small business has the power to thrive. That's the world we're building at iwoca. Small businesses aren't just statistics – they're the heartbeat of our communities, the character of our high streets, and the engine of our economy. Since 2012, we've revolutionised how these businesses access finance, turning what was once a lengthy, frustrating process into something remarkable: funding that's fast, flexible, and actually works for modern businesses.

Our impact speaks for itself: we've provided billions in funding to more than 150,000 businesses across Europe, making us one of the continent's leading fintech innovators. But we're just getting started. Our mission? To empower one million businesses with the financial tools they deserve.

We combine cutting-edge technology and data science with genuine human understanding to make finance feel less like a barrier and more like a superpower. Whether a business is managing cash flow or seizing unexpected opportunities, we ensure they get the funds they need – often within minutes.

The Team

The Credit Risk Modelling team builds and improves the models that drive iwoca’s lending decisions. They combine data science, engineering, and risk expertise to balance automation with human judgement, and their work supports everything from underwriting and pricing to portfolio monitoring. The team’s work is central to iwoca’s growth and has a direct impact on both customer outcomes and business performance.

The team includes eight data scientists, two developers, and three risk analysts, all working hybrid schedules in London. The team’s work is quite collaborative and there’s always four or five people in the office on a given day. The team plans objectives for each quarter and manages progress with weekly meetings. They also have standups every other day to share concerns and help each other.

The Role

You’ll analyse data and contribute to the development of our credit models for the enhanced underwriting segment. You’ll work with analysts, data scientists, and senior stakeholders to shape iwoca’s lending strategy.

Learn:

• Build expertise in the credit domain.
• Develop your analytical skills through exposure to different experimental approaches and complex analysis.

Develop Commercial Influence:

• Practice turning data into information, and information into insights, so that you and various stakeholders can deliver improvements with real impact for our customers.

Work on interesting and impactful projects, for example:

• Monitoring and refining risk models to improve decision-making and portfolio outcomes
• Analysing portfolios and tests to investigate credit performance, identify drivers of change, and adapt lending strategies
• Improving our data, systems, and workflows to strengthen underwriting and monitoring
• Supporting new product launches and adapting policies to meet investor and regulatory needs

The Requirements

Essential:

• A quantitative background, such as a degree in mathematics, statistics, economics, engineering, or a related field
• Ability to analyse data and generate insights to support decisions
• Ability to evaluate underwriting processes and improve credit models or policies
• Clear written and verbal communication, with the ability to tailor analysis and recommendations to different audiences
• A team player, with the ability to work confidently and enthusiastically with different people and teams

Bonus:

• Experience in B2B or B2C credit risk, lending, and strategy
• Proficiency in SQL and Python
• Experience with data visualisation tools like Looker

The Salary

We expect to pay from £40,000–£55,000 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 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.

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:

• Medical insurance from Vitality, including discounted gym membership
• A private GP service (separate from Vitality) for you, your partner, and your dependents.
• 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave
• A one-month, fully paid sabbatical after four years.
• Instant access to emotional and mental health support.
• 3% Pension contributions and share options.
• Generous parental leave and a nursery tax benefit scheme to help you save money.
• Cycle-to-work scheme and electric car scheme.
• Two company retreats a year, we’ve been to France, Italy, Spain, and further afield.

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.

Useful Links:

• iwoca benefits & policies

• Interview Welcome Pack