Head of Credit Risk

About Jaja Jaja is a consumer finance business, launching its first product, a digital credit card, in 2018. With backing from several major Private Equity funds, Jaja has an ambitious growth strategy that includes providing consumer finance in partnership with leading consumer brands, with a number of partnerships secured alongside an exciting pipeline of opportunities. Jaja is on a mission to redefine the consumer finance experience and liberate customers from needless complexity, wasted time, and frustration. Or as we say it, Make Simple. We will delight our customers making the customer experience simpler, more enjoyable, more intelligent treating customers fairly and giving them more control of their money. Our Mission: To be the UK s Digital Lender of Choice Our Company Values: Collaboration, Excellence, Innovation, Empathy, Passion Jaja is an innovative UK based consumer finance business, leading initially with a digital credit card launched in 2018, and a pipeline of consumer finance solutions in the making. About The Role The Head of Credit Risk will play a pivotal role in overseeing the credit risk management framework for our credit card receivables portfolio. This position is responsible for the identification, measurement, and monitoring of credit risk metrics, ensuring compliance with risk appetite and funding covenants as well as discussing with the wider team strategies to realign risk to acceptable levels. The ideal candidate will bring a strategic approach to risk management, using data-driven insights to enhance decision-making and maintain the balance between risk and reward. You will be responsible for (not limited to): Lead the development and implementation of credit risk measurement methodologies. Monitor the credit card receivables portfolio for risk exposure, trends, and anomalies, implementing corrective actions as needed. Oversee the performance of credit risk models and strategies, ensuring they are accurate, compliant, and effective in managing risk. Presenting credit risk insights to senior internal and external stakeholders. Collaborate with cross-functional teams, including Analytics, Finance, and Operations, to integrate credit risk considerations into business decisions and product development. Manage relationships with regulators, auditors, and other external parties regarding credit risk management practices. Provide leadership and development opportunities to the credit risk team, fostering a culture of continuous improvement and risk-awareness. Prepare and present risk reports to senior management and the board, highlighting risk exposures, trends, and strategic risk management initiatives. Essential skills and Experience Bachelor s degree in Finance, Economics, Statistics, or a related field; Master s degree or professional certification (e.g., CFA) preferred. Minimum of 10 years of experience in credit risk management, with a significant focus on credit card products. Proven track record of developing and implementing risk management strategies and policies. Strong analytical and quantitative skills, with experience in risk modelling and analysis. Excellent leadership and team management abilities, with a commitment to developing talent. Strong communication and interpersonal skills, capable of interacting with stakeholders at all levels. In-depth knowledge of regulatory requirements and industry best practices related to credit risk. Experience with working at a rating agency or with rating agencies advantageous. What's in it for you? The chance to make a real impact in a growing start-up on a mission to change the face of the consumer finance industry forever. Competitive salary Remote Hybrid working model Bonus scheme Annual Salary Review 4x life insurance cover Optional private health care Employee assistance program Annual staff get together 25 day holiday allowance plus UK bank holiday Pension Contributions Fair Processing Notification The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by []. #J-18808-Ljbffr