Credit Risk Analyst Lisboa

Credit Risk Analyst
Lisboa
Lisboa, Lisboa, Portugal

About Rauva

Rauva is Portugal’s first
-
- one platform designed for business owners and entrepreneurs to start, run, and grow their businesses. From opening a business account and managing certified invoicing, expenses, and payments to accessing expert accounting services, Rauva brings everything you need into one single place.

Combining
- edge technology with personalized human support, we simplify daily business finances, so entrepreneurs can focus on what truly matters — growing their business. And this is just the beginning, as we're in the process of acquiring the Banco Montepio Empresas.

Our achievements say it all:

• Awarded Mastercard For Fintechs Europe 2024
• Winner of the Banking Tech Awards 2024
• Recognized in the Technology Fast 50 2024 by Deloitte
• Winner of the Prémio Navegantes XXI 2024
• Selected by Banco de Portugal for the Finlab Portugal program
• Selected by Unicorn Factory Lisboa
• Honoured as the Tech Innovator in Portugal 2023 by KPMG

Rauva was founded just two years ago in Lisbon, Portugal, and we’ve been on an incredible growth journey ever since. Our team has expanded rapidly, from 40 members last year to 100 today, representing over 10 nationalities and proudly maintaining a workforce that is 47% female.

Your work at Rauva will directly impact thousands of entrepreneurs, as you collaborate with a passionate team of innovators to create
- edge,
- focused products that are transforming the future of Portuguese businesses.

Job Description:

About you:

The Credit Risk Analyst will be a strategic role within Risk Management Function. Ensuring the use of best practices in credit risk assessment and corresponding compliance with the notices and instructions from Bank of Portugal and the EBA Guidelines namely the Guidelines on loan origination and monitoring.

The role entails designing, implementing, and maintaining robust risk management frameworks, policies, and procedures to identify, measure, monitor, and mitigate credit risk.

The ideal candidate will have a proven track record in credit risk analysis and management within banking or fintech environment, strong leadership abilities, and a passion for innovation.

Your Responsibilities:

Risk Governance and Framework

1. Develop and implement credit risk management policies, procedures, and practices in alignment with best practices and Guidelines on loan origination and monitoring.
2. Monitor and ensure compliance with regulatory requirements, including regular reporting to the Bank of Portugal and other supervisory bodies.
3. Ensure the integration of credit risk assessments into credit
   - making processes.

Risk Identification and Assessment

1. Conduct detailed credit risk assessments of individual loan applications for SME and corporate exposures.
2. Analyze financial statements, industry trends, and macroeconomic factors to determine creditworthiness.
3. Ensure compliance with the EBA Guidelines on Loan Origination and Monitoring, including proper assessment of borrower affordability and sustainability.
4. Perform risk assessments on new products, services, and significant business changes.
5. Conduct stress testing and scenario analysis to evaluate potential vulnerabilities on the credit portfolio.

Risk Monitoring and Reporting

1. Monitor credit exposures and identify early warning signs of potential defaults.
2. Design and implement key risk indicators (KRIs) and thresholds for ongoing risk monitoring.
3. Prepare credit risk reports for senior management, regulatory bodies and regulatory authorities.
4. Maintain comprehensive documentation of credit risk assessments and monitoring activities.
5. Monitor risk exposures and escalate any breaches or
   - breaches promptly.
6. Work with the collections and restructuring teams to mitigate potential credit losses.

Model Development

1. Collaborate on model development for
   - adjusted returns on lending.
2. Participation in designing and developing internal credit rating models, including PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default) models.
3. Working with Basel III/IV requirements for IRB (Internal Ratings-Based) models.
4. Hands-on experience in developing scorecards, risk grading systems, and ratings overrides processes.

Data Management

1. Working with large and complex datasets from credit portfolios.
2. Knowledge of data quality assurance practices and tools to ensure data reliability.

User Experience

1. Collaborate with product, IT, and user support teams to enhance the
   -
   - end user journey.
2. Ensure timely resolution of user issues and delivery of exceptional service.

Policy review, updates, audit:

1. Develop, improve and maintain policies and procedures and user manuals for the risk management function for credit risk.
2. Recommend enhancements to systems and processes.
3. Ensure that any audit points have been addressed and cleared in a reasonable time.

What’s your ideal background?

Education:

1. Bachelor’s degree in finance, economics, business administration, risk management, or a related field.
2. A master’s degree or MBA with a focus on risk management or financial services is highly desirable.
3. Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or certifications from the Institute of Risk Management (IRM) are advantageous.

Experience:

1. Minimum of 5 years of experience in credit risk management within banking or financial services.
2. Demonstrable experience working with regulatory frameworks, particularly Aviso 3/2020 (Bank of Portugal) and EBA Guidelines on Loan Origination and Monitoring.
3. Experience in developing and implementing credit risk management frameworks, policies, and tools.
4. Proficiency in risk management software and financial analysis tools.

Technical Skills

1. Strong knowledge of credit risk management principles, practices, and tools (e. g. , stress testing, risk appetite frameworks, KRIs).
2. Proficiency in regulatory requirements, including IFRS9 and Basel III/IV standards.
3. Statistical and Analytical Tools: Proficiency in R, Python, SAS, MATLAB, or Stata for model development and validation and knowledge of SQL for database querying and data manipulation will be a plus.
4. Familiarity with tools like Tableau, Power BI, or other visualization platforms to present findings effectively.

Soft Skills

1. Analytical Thinking: Strong
   - solving skills.
2. Attention to Detail: Detail-oriented with excellent quantitative abilities.
3. Communication: Effective communication and
   - writing skills.
4. Collaboration: Ability to work in a regulated,
   - paced banking environment.
5. Proactivity: Proactive approach to risk mitigation and compliance.

Knowledge of Regulatory Frameworks

1. In-depth understanding of European and Portuguese banking regulations, including:
2. Aviso 3/2020 and related Bank of Portugal circulars.
3. EBA Guidelines on internal governance, Loan Origination and Monitoring, and stress testing.
4. IFRS9 accounting standard
5. Basel Accords and EU regulations on credit risk management.
6. Strong understanding of Basel regulations, EBA IRB model validation guidelines, and local regulatory frameworks.

Personal Attributes

1. High ethical standards and a commitment to upholding integrity and regulatory compliance.
2. Proactive mindset and continuous learning attitude to keep up with evolving regulations and best practices.
3. Curiosity and commitment to staying updated on new modeling techniques and regulatory requirements.
4. Ability to work independently and manage multiple projects under tight deadlines.
5. Strong ethical mindset to ensure the objectivity and reliability of rating systems.
6. Collaborative team player with strong organizational and project management skills.
7. Strong written and verbal communication skills in English and in Portuguese.
8. Enthusiasm for working in a
   - paced startup environment and ability to multitask.
9. Appetite to work in tech / startups.
10. Based in Lisbon, Portugal.

This skill set and qualification profile ensures that a Credit Risk Analyst can effectively meet the demands of regulatory frameworks while maintaining sound credit risk governance for the organization.

What we can offer you:

1. Remote Policy: Work from home or our office in Lisbon according to Rauva’s remote work policy.
2. Competitive Salary above the industry average.
3. Meal Allowance.
4. Leadership Opportunities (chances to lead projects and teams).
5. Enjoy
   - site events and getaways to build a strong sense of community.
6. Access to
   - edge tools and software.
7. Opportunities to advance within a rapidly expanding organization that aims to be present throughout Southern Europe in the very near future.

The hiring process for this role:

1. MBTI Test
2. 1st interview: Intro call with People for culture fit
3. 2nd interview: Interview with the CRO
4. 3rd: interview: Interview with the CEO
5. Competencies & Technical Assessment
6. Job Offer

Join the Rauva mission to make entrepreneurship easily accessible to everyone.

Be part of Rauva’s mission to make entrepreneurship easily accessible to everyone. If you’re driven about innovation, excel in a
- paced startup environment, and want to be involved in impactful solutions, Rauva is the place for you. Join us in shaping the future of banking and enabling SMEs to grow and succeed across Europe.

Be part of a groundbreaking journey where innovation meets impact and help us create something truly pioneer.