abound - BNPL Risk Lead
Requirements
• A decisive, commercially minded risk professional with full-stack ownership mentality – comfortable setting strategy and executing in the detail. • Technically strong across credit risk disciplines: decisioning, modelling, impairment, funding, and portfolio monitoring. • Naturally collaborative, able to work effectively with data scientists, product managers, finance, and senior leadership. • Confident challenging assumptions and narratives constructively, with a track record of influencing outcomes. • Highly organised and execution-focused, with strong stakeholder management skills. • Credible and composed when engaging with funders, auditors, and board-level audiences. • At least 3 years’ experience working directly with a relevant retail finance product such as BNPL, Unsecured Personal Loans, retail credit, or point-of-sale finance – with a strong understanding of the product lifecycle and associated risk dynamics. • Broad credit risk expertise spanning decisioning, risk measurement, product risk, funding/warehouse compliance, and impairment/IFRS 9. • Experience owning or contributing to impairment frameworks (IFRS 9 ECL), including staging logic, model governance, and macroeconomic overlays. • Familiarity with merchant risk management or B2B2C risk structures is advantageous. • Track record of engaging with funders, auditors, or rating agencies on risk and credit performance topics. • Strong written and verbal communication skills; able to present complex risk topics clearly to senior and non-technical audiences. • Comfortable working closely with data scientists and getting into quantitative detail, without necessarily being a practitioner modeller.
Responsibilities
• Credit Decisioning & Risk Measurement • Define and maintain credit risk metrics, concentration limits, and portfolio triggers, ensuring consistent measurement across products. • Drive risk-based analysis to inform appetite, cut-off adjustments, and portfolio strategy. • Manage merchant concentration risk and manage the risk framework • Product Design & Commercialisation • Act as the risk lead counterpart for new product development, providing risk input from concept through to launch. • Assess and articulate risk-return trade-offs to support commercially sound product design decisions. • Identify and monitor novel product risks (e.g. Section 75, merchant concentration) and ensure appropriate governance is in place. • Funding & Compliance • Ensure adherence to internally defined risk limits and externally defined triggers arising from funding and warehouse arrangements. • Act as a key point of contact for funders, auditors, and advisors on credit and product risk matters. • Lead risk-related workstreams for funding due diligence, warehouse renewals, and external reviews. • Merchant Throttling • Own the merchant risk framework, including criteria for throttling, suspension, or enhanced monitoring of merchant partners. • Develop and maintain oversight of merchant-level concentration and performance metrics. • Work closely with commercial and product teams to balance growth objectives with risk limits. • Impairment & Provisioning • Oversee the impairment framework, including IFRS 9 staging logic, ECL model governance, and assumptions. • Partner with finance to ensure provisions are accurate, defensible, and well-communicated. • Monitor forward-looking indicators and macroeconomic overlays, escalating where necessary. • Governance & Reporting • Provide clear, structured risk updates to Product Steering Committees, Board Risk Committees, and senior management. • Proactively identify emerging risks and ensure timely escalation and remediation. • Define and maintain standardised reporting frameworks, ensuring consistency and comparability as the business scales.
Benefits
• Own a genuinely broad and senior risk role with full accountability across the risk lifecycle for retail finance. • Work closely with the CRO, senior leadership, product teams, and external stakeholders in a high-trust, high-visibility position. • Help shape the risk framework for a fast-scaling fintech expanding into new markets and product lines. • Everyone owns a piece of the company – equity. • Hybrid working with 3 days a week in the office. • 25 days’ holiday a year, plus 8 bank holidays. • 2 paid volunteering days per year. • One month paid sabbatical after 4 years. • Employee loan. • Free gym membership. • Team wellness budget to be active together – set up a yoga class, a tennis lesson or go bouldering.
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