Credit Risk Strategy Lead

Uncapped

Uncapped

London, UK
Posted on Saturday, June 15, 2024

Hybrid role based in London

Role overview 🚀

As a Credit Risk Strategy Lead, you will oversee the comprehensive credit risk management for Uncapped’s small ticket business lending portfolio. This role entails developing and maintaining credit risk policies and strategies, while ensuring adherence to all relevant lending laws and regulations.

In this position, you will work closely with key internal stakeholders to implement credit risk initiatives, build a high-performing team, and foster strong cross-functional relationships with Sales, Operations, Engineering, Product, and external partners.

You will have at least 10 years of experience in credit risk management roles within the fintech or banking industry, focusing on the consumer or SME lending sector, with at least 5 years in managerial positions.

We are looking an individual with an entrepreneurial and innovative spirit, coupled with a strong analytical mindset. Given Uncapped's reliance on non-standard data sources for loan underwriting, robust technical skills and a principles-first approach are essential.

About Uncapped 👫

Founded in 2019, Uncapped is the fastest, most affordable way for growing online businesses to fund marketing and inventory. The company was born out of frustration with the limited financing options available for UK and European entrepreneurs to finance growth.

Uncapped provides working capital loans to brands and retailers around the world, doing between $10m and $100m in turnover.

Uncapped has raised VC funding from most notable investors including Lakestar, Mouro Capital, Global Founders Capital, White Star Capital, Seedcamp, and All Iron Ventures.

What you will do ✍️

  • Responsible for comprehensive credit risk management for Uncapped's small business lending portfolio, covering all aspects from start to finish.
  • Oversee the development and implementation of Credit Risk policies and credit assessment processes, including the creation of risk models, scoring systems, and underwriting criteria. Ensure adherence to all relevant lending laws and regulations.
  • Work closely with executive leadership to ensure risk management initiatives are aligned with business goals. Prepare and deliver detailed risk reports to executive leadership, the board, and other stakeholders.
  • Drive positive selection within the lending portfolio by influencing factors such as marketing, pricing, product development, segmentation, customer experience, and underwriting.
  • Develop and implement effective loss mitigation strategies that deliver robust performance, scale with portfolio needs, and are cost-effective.
  • Optimise the risk-return profile through strategic initiatives. Collaborate with key internal stakeholders to implement risk management initiatives.
  • Foster strong leadership within the team and focus on building a high-performing team.
  • Establish strong cross-functional relationships with departments including Sales, Operations, Engineering, Product and external partners.