Retail Credit Risk Manager

Join our team as a Retail Credit Risk Manager!

Yes, you can! That's our attitude towards our work, ambitions, ideas and relationships. We, at Luminor, believe that anyone has the potential to achieve big things and encourage everyone to achieve them – professionally and personally.

Whoever you are, and whatever your role is, with Luminor you will get a once-in-a-lifetime opportunity to build a local banking champion.

The aim of this position is to shape the future of automated lending by crafting and optimizing credit risk rules that empower data-driven decisions, streamline processes, and strike the perfect balance between driving business growth and maintaining robust risk management.

What You Will Do

• Shape and refine credit granting processes and workflows by applying your deep credit risk knowledge and industry insights, making a meaningful impact within Risk Management as part of the first line of defense
• Provide requirements for private person lending automation projects and support translation of business needs into technical system requirements
• Lead the implementation, maintenance, documentation, and continuous enhancement of credit risk assessment tools, ensuring high-quality performance
• Oversee of credit portfolio`s and credit risk tools performance in context of business and risk targets
• Collaborates with other teams to understand the impact of credit rules in the customer acquisition funnel and to identify opportunities to enhance conversion
• Initiate improvements in risk rule definitions, affordability and offer calculations, pricing strategies to ensure profitable growth of the business and process efficiency
• Think strategically, analytically, and creatively about new ways to reach customers and increase relevance
  
  

What We Expect

• Higher degree in preferred fields: economics, finance, business management, statistics, or data science
• 3+ years in credit risk management in retail banking, or consumer lending, with a focus on credit policy and rules development, risk modeling, or automated decision systems
• Strong command of credit scoring models, risk engines, and decision-making tools; proficiency in data analysis tools such as SQL, Python, or similar would be considered as advantage
• Demonstrated ability to analyze credit portfolio performance and identify data-driven strategies to balance business growth with risk mitigation
• Proven track record of working autonomously and with cross-functional teams to implement risk initiatives and influence business outcomes effectively
• Ownership mindset and proactive problem-solver with a focus on driving profitable growth, process efficiency, and innovative solutions in a dynamic, fast-paced environment
• Fluent local language and English is required in spoken and written communication due to working on Pan-Baltic level
  
  

What We Offer

• Flexibility. Flexible working hours, remote work and a possibility to work from anywhere in the EU, Iceland, Switzerland and the UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders where people value challenging work together with good humor and having fun
• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states as well as Health days in case of your absence due to sickness without a doctor's note needed
• Wellbeing. Access to tools and resources that help to feel good and be productive at work and in life
• Professional growth. Internal and external training programs, workshops, conferences, online training etc.
• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor
• Gross salary. 2600 - 3900 EUR/month, which is to be determined depending on your level of experience and competencies
  
  

The application deadline is 8th of February. We are looking for a candidate primarily already located within the Baltics please apply with your CV in English and PDF format!