Netrolynx AI
Credit Risk Manager
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About The Company
hackajob is collaborating with Lendable to connect them with exceptional professionals for this role.
About Lendable
Lendable is on a mission to build the world's best technology to help people get credit and save money. We are committed to transforming the financial services landscape by leveraging innovative technology, data-driven insights, and customer-centric solutions. As one of the UK's newest unicorns, Lendable boasts a talented team of over 700 professionals dedicated to delivering fast, accessible, and responsible lending products. Our growth trajectory has been remarkable, positioning us among the fastest-growing technology companies in the UK, and we have maintained profitability since 2017. Backed by prominent investors such as Balderton Capital and Goldman Sachs, we have garnered a strong reputation for excellence and customer satisfaction, reflected in our 4.9-star rating across thousands of Trustpilot reviews.
Our core achievement includes rebuilding the Big Three consumer finance products—loans, credit cards, and car finance—from scratch, enabling us to disburse funds to customers within minutes rather than days. We are actively expanding into new markets, particularly targeting the UK and US, where traditional banking systems are often outdated and inefficient. Our goal is to modernize and simplify access to financial products, challenging the status quo and creating a seamless experience for our customers.
Joining Lendable means being part of a dynamic environment where you can take ownership of significant projects, work alongside highly skilled and resourceful colleagues, and contribute to building cutting-edge technology using data sources, machine learning, and artificial intelligence. Our culture emphasizes innovation, agility, and a relentless pursuit of excellence, making us an exciting place for ambitious professionals to grow and make a tangible impact.
About The Role
We are in the process of developing our second charge mortgage product from the ground up. To lead this initiative, we are seeking a skilled Credit & Commercial Manager who will be responsible for shaping the credit strategy for this new product. The ideal candidate will possess a comprehensive understanding of secured lending mechanics, from initial quotation to final completion, and will play a pivotal role in defining risk assessment, pricing, and credit policy frameworks.
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This role is fundamental to our growth and success, offering a unique opportunity to influence the product’s development at a strategic level. You will work closely with a small, senior cross-functional team comprising product managers, engineers, legal advisors, and commercial experts. Your insights and expertise will directly impact how we evaluate risk, structure credit offerings, and optimize portfolio performance. If you have extensive experience in secured lending and are eager to build innovative, scalable solutions rather than maintain legacy systems, this role provides a perfect platform to do so.
As part of your responsibilities, you will define credit policies, develop risk scoring and pricing models, and automate decision-making processes. You will also collaborate with funding teams to align credit policies with investor requirements and ensure compliance with regulatory standards. Your work will involve monitoring portfolio health, refining strategies based on performance data, and ensuring the product remains competitive and profitable.
Qualifications
The ideal candidate will have deep experience in secured lending credit risk, particularly with second charge mortgages or similar secured products such as bridging loans, buy-to-let, or specialist residential finance. You should have a proven track record of building or significantly contributing to risk scoring systems, pricing frameworks, and credit policies within a secured lending environment. Strong knowledge of funding and capital constraints, including LTV covenants, property valuations, and investor criteria, is essential.
Additionally, candidates should demonstrate commercial awareness and a growth mindset, understanding that credit policy exists to enable lending and growth. Familiarity with the end-to-end secured lending process—covering quoting, legal, valuation, and land registry procedures—is important. Analytical rigor is crucial; proficiency in SQL is required, and experience with Python is a plus. You should be comfortable interrogating data to drive informed decisions that lead to high-quality lending outcomes.
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Regulatory awareness, particularly of MCOB and FCA requirements for second charge lending, is necessary. Experience designing scalable, automated underwriting policies—using decision logic, scorecards, and rules engines—is highly desirable. Candidates with experience in startup or scale-up environments, or those eager to transition from larger organizations, will find this role especially fitting.
Responsibilities
- Define credit policy and underwriting strategy for second charge mortgages, including affordability assessments, eligibility criteria, and decision frameworks.
- Own risk scoring and pricing models—develop and refine scorecards, risk segmentation, and pricing strategies that balance volume with portfolio quality.
- Drive growth while maintaining risk controls—use analytical insights and credit judgment to optimize credit policies, support volume targets, and ensure portfolio health.
- Manage IRR, NPV, and cash flow models—ensure a clear understanding of the economic performance of booked assets and implement necessary adjustments.
- Design automated decisioning logic—translate credit policies into executable rules and decision trees in collaboration with engineering teams for rapid, scalable processing.
- Contribute to funding strategies—work with the Capital Markets team to set investor parameters related to LTV limits, property valuations, and portfolio diversification, translating these into practical credit policies.
- Oversee property valuation and security processes—ensure credit policies align with valuation methodologies, panel management, and legal requirements such as charge registration.
- Monitor portfolio performance—track key indicators, analyze outcomes, and refine credit strategies accordingly; report findings to senior stakeholders.
- Collaborate cross-functionally—work closely with product, engineering, and other teams to ensure seamless integration of credit policies into the overall product strategy.
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