Credit risk manager
- Amsterdam, Netherlands
- Risk, Legal & Compliance
Job description
We are looking for a versatile credit risk manager to strengthen our second-line risk management team. Are you experienced at analyzing and monitoring credit risks in a loan portfolio at a financial institution? Do you enjoy working in a rapidly growing and ambitious bank? If you answered yes and yes, then you may be the perfect fit for Brand New Day. We are looking to strengthen our risk management framework on credit and climate risk for our expanding mortgage portfolios, retail loans and investments, while complying with regulatory standards.
About us
Brand New Day is an online pension bank. Our clients buy individual pension products, like savings annuities or a (tax-efficient) pension account. We also offer savings accounts and term deposits, where clients might save for a university education, a world trip or whatever else. Subsequently, Brand New Day invests in relatively safe loan portfolios and investments.
The investment market is big and competitive and as a fintech, we compete in the loan markets. We are entrepreneurs, which differentiates us from more established banks. Brand New Day actively seeks new opportunities to enable rapid growth. We have a can-do attitude and have little tolerance for workplace politics. In ten years’ time, we have managed to build a € 6 billion balance sheet based on 300.000 customers.
What will you do as credit risk manager?
As credit risk manager, you are responsible for assessing the credit and climate risks in our loan portfolios. By applying your quantitative skills, you maintain and improve our credit risk models (PD, LGD and EAD) to determine the expected credit losses of our loan portfolios. You also develop and calculate stress test scenarios for internal and external reporting. You are responsible for making the credit risk dashboard, monitoring credit risk limits and report to the credit and climate risk committee.
Part of your responsibility is also to make sure that we adhere to EBA guidelines. Since we are a rapidly growing bank, you participate in various projects to improve the data quality on our data platform and automate and develop our risk reports. In short: you maintain our risk policies and procedures.
Along with two other financial risk managers, you are responsible for all financial risks on the balance sheet. Besides credit risk, these are mainly interest rate and liquidity risk. Therefore, you may also function as a back-up and sparring partner on the other risk domains. It is a versatile and demanding position!
Where do you end up?
As credit risk manager you are part of the risk management department in Brand New Day’s second line. You work closely with the two other financial risk managers, and you are each other’s replacements when necessary. You report directly to the head of a department that includes two operational risk managers and an information security officer. We interact informally and nonhierarchal. Interacting with the CRO and board members is common. As second line risk manager, you operate and report independently of the first line and give solicited and unsolicited advice. To get results, you also cooperate closely with the treasury department.
A recap of your activities as credit risk manager
- You analyse the risks of, and stress-test our residential mortgage and SME loan portfolios and contribute to the ICLAAP.
- You produce the credit risk dashboard and monitor limits and risk appetite.
- You model and calculate the expected credit losses of our loan portfolios.
- You review investment proposals and performance of existing portfolios and TPOs
- You monitor and implement new laws and (supervisory) regulations.
Job requirements
Your skills and experience
- The drive to understand and analyze the credit risks in our loan portfolio
- A quantitative basis and an understanding of the importance of continuing to develop support systems like our data platform
- Pro-active and pragmatic in finding solutions
- Higher education with a quantitative affinity
- Sound knowledge of credit risk analysis for residential mortgages or SME loans.
- About 5 years of relevant work experience in the financial sector
- Analytical skills and an eye for detail
- Effective communication skills, both oral and written
And this is what we have to offer
- A pleasant salary, travel expenses and pension accrual
- An informal organization without political games or hierarchical posturing
- A lot of independence and freedom to work to the max of your ability
- A workplace within walking distance from Amsterdam Bijlmer ArenA station
- Opportunities for personal and professional development
- And not unimportantly: fun drinks and good parties
What are you waiting for?
- Upload your resume and motivation letter
- Interview with Eric (head of risk management) and Antonie (financial risk manager)
- Interview with Rogier (CRO) and Hoger (Junior financial risk manager)
- Sign your contract and get going!
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