Credit Risk Manager

Overview

As the head of the credit risk team, the Head of Credit manages the credit risk function within the Risk Department. This leadership role requires a seasoned professional with a strong understanding of credit risk analysis, credit risk management, regulatory compliance, and strategic credit thinking. This role involves assessing the creditworthiness of counterparties, negotiating collateral terms in conjunction with the Sales team, monitoring credit risk indicators, exposures, and limits, and reviewing the credit quality of iBanFirst's portfolio exposure. Reporting directly to the CRO, the Credit Risk Manager manages a team of credit risk analysts. The main goal is to ensure iBanFirst's credit exposure is controlled and maintained within the risk appetite and in line with the credit strategy set by the Board.

What you will do

Strategic Planning

• Develop and execute the credit risk management strategy aligned with the company's objectives.
• Assess and anticipate potential risks, implementing proactive measures to mitigate them.
• Lead the development projects to improve credit risk management within the company.
• Collaborate with the Chief Risk Officer to align credit risk strategies with overall business goals.

Risk Assessment and Analysis

• Underwrite credits, especially for high-risk cases.
• Lead the assessment of credit risks associated with new and existing client positions. Managed multiple credit requests in a timely and effective fashion, produced well-researched and accurate credit reviews, and worked directly with sales teams across business units to address credit requests and issues.
• Conduct in-depth analysis of credit portfolios, identifying trends, patterns, and potential areas of concern.
• Implement risk models and methodologies to assess creditworthiness and portfolio performance.
• Monitor and manage clients' margin calls and settlement performance.
• Coordinate stress analysis on clients' credit profiles.
• Monitor changing market conditions that might affect the credit quality of iBanFirst's credit risk exposure.

Policy Development and Implementation

• Develop and maintain robust credit risk policies and procedures in accordance with industry standards and regulatory requirements.
• Ensure adherence to credit policies across iBanFirst and propose enhancements when necessary.
• Stay updated with regulatory changes and ensure compliance within the credit risk function.

Team Leadership and Development

• Manage and mentor a team of credit risk professionals, fostering a culture of excellence and continuous improvement.
• Provide guidance, training, and support to team members, encouraging their professional growth and development.
• Allocate resources effectively to optimise team performance and productivity.

Reporting and Communication

• Prepare and present comprehensive credit risk MI reports to senior management and relevant stakeholders.
• Communicate effectively with various departments to convey risk-related insights and recommendations.
• Coordinate and participate in the Credit Risk Committee and follow up on all action points.
• Participate in the Board Risk Committee and prepare the necessary reports.

What do you bring?

• Bachelor's or Master's degree in Finance, Economics, Risk Management, or a related field; advanced degree or relevant certifications (e.g., FRM, CFA) are a plus.
• Proven experience in credit risk management within the financial services industry, with demonstrated progression in leadership roles.
• Strong understanding of credit risk modelling, analytics, and methodologies.
• Exceptional analytical and problem-solving skills with the ability to interpret complex data.
• Excellent leadership, communication, and interpersonal skills.
• Strategic thinker with the ability to make sound decisions under pressure.
• Ability to work in a dynamic business and simultaneously demonstrate experience working on several projects.
• Strong analytical skills and ability to deal with large data sets
• Strong communication skills (both verbal and written)
• Ability to work to tight deadlines and to prioritise accordingly
• Good understanding of financial products
• High standard of oral & written English is mandatory
• Fluency in other European languages (e.g. German, Spanish, Dutch, French, etc.) is desirable

Salary Range : 90K to 100K

Step 1 : Interview with Talent Acquisition
Step 2 : Interview with a Credit Analyst
Step 3 : Interview with Chief Risk Officer

Who are we?

iBanFirst is a fast-growing European fintech that is revolutionizing international payments for SMEs. Founded in 2016, our platform empowers Small & Medium Multinationals (SMMs) and institutional clients an alternative to traditional banking for cross-border payments to regain control over their payment operations: currency conversion (FX), international transactions, and foreign exchange risk management across 140 countries - quickly, transparently, and securely.

With a focus on innovation and customer-centric solutions, we empower businesses with fast, secure, and cost-effective multi-currency transactions. Since our founding, we have expanded across Europe, operating in 10 countries with a strong growth trajectory. We make life easier for SMMs through an advanced technology platform (automation, APIs, AI ) combined with dedicated expertise, offering the best of both worlds: the agility of a SaaS solution and the reliability of a trusted partner.

By simplifying complexity, iBanFirst helps thousands of bold companies seize global business opportunities with peace of mind - delivering simplicity, transparency, and security.

Key figures

• 350+ employees across 13 offices in 10 European countries
• 30+ nationalities represented, average age: 32
• 10,000 corporate clients trust us
• €65M in revenue in 2024, with a target of around €85M in 2025
• Profitable for nearly two years
• Ranked for 6 consecutive years in the Financial Times FT1000, among the fastest-growing European companies
• An NPS of 87.5 - an exceptional score in our industry that reflects enthusiastic client feedback on the simplicity, speed, and quality of our service

We operate at the heart of a strategic and fast-evolving sector: international payments for SMEs - a complex, high-potential market. We're driven by a meaningful mission: helping bold "Small & Medium Multinationals" succeed globally. Our platform integrates cutting-edge technologies (AI, automation ), making it an ideal playground to test, learn, and innovate continuously. You'll join an agile environment where your expertise has tangible impact, working alongside talent from top financial institutions. iBanFirst is profitable and backed by long-term investors: Xavier Niel and Bpifrance, historical shareholders, have supported and trusted us from the beginning. In 2021, the entry of Marlin Equity Partners marked a new chapter in our international ambitions.