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Head of Financial Risk

Nubank

Nubank

Accounting & Finance
Mexico City, Mexico
Posted on Friday, May 3, 2024

About Nubank

Nubank was founded in 2013 to free people from a bureaucratic, slow, and inefficient financial system. Since then, the company has been redefining people's relationships with money across Latin America through innovative technology and outstanding customer service. With operations in Brazil, Mexico, and Colombia, Nubank is today one of the world's largest digital banking platforms and technology-leading companies.

Today, Nubank is a global company with offices in São Paulo (Brazil), Mexico City (Mexico), Buenos Aires (Argentina), Bogotá (Colombia), Durham (United States), and Berlin (Germany). It was founded in 2013 in Sao Paulo by Colombian David Vélez, and cofounded by Brazilian Cristina Junqueira and American Edward Wible. For more information, visit www.nubank.com.br.

About the team:

The Credit Risk Squad is part of the 2nd line of Defense. It is responsible for managing and overseeing our organization's credit risk function by providing independent oversight, review & challenge of the risk takers, defined as 1st line of Defense. As a second line, the Credit Risk team monitors credit risk exposure, conducts credit risk assessments, provides guidance and support to the credit areas that make credit decisions, and supervises all the regulatory needs and demands related to credit.

Typical responsibilities assigned to you might include

  • Map all the regulatory needs and gaps to implement actions to ensure Nubank is compliant with all the requirements
  • Interact with Mexico Regulators (CNBV / Banxico) and other internal stakeholders to provide necessary information about Nubank's Credit portfolio
  • Support on reporting to guarantee effective communication to senior stakeholders regarding Mexico portfolio credit risk
  • Propose and monitor KPIs and KRIs to ensure adherence to regulatory requirements and to explain changes in Nubank credit risk portfolio
  • Propose, review, and monitor credit risk appetite, tolerance, and capacity
  • Review & Challenge the business models to find enhancement opportunities
  • Understand financial metrics related to profitability/earnings and costs
  • Review and challenge credit policies defined by first-line

Basic Qualifications:

  • Bachelor’s degree in Engineering, Economics, Math, Statistics, Physics or related fields
  • 6+ years of experience in managing Credit Risk either by working in the first line or the second line of defense, or even implementing credit risk-related projects (must have)

Analytical, problem-solving and passionate about manipulating data in order to learn from it

  • Knowledge of Credit Risk Models and Policies (Valuation/Risk-Returns), KPIs, ERM Requirements
  • Deep Knowledge of the regulatory framework, including credit risk classification, provisions/ECL
  • Good communication skills (having the habit of presenting projects to Sr Stakeholders will be considered an advantage)
  • Adaptability to dynamic way of working/short-term deliverables
  • Advanced or Fluent English

Preferred Qualifications

  • Knowledge in Expected Credit Loss models/PD/EAD/LGD, financial forecasting, and International Standards (such as IFRS9, Basel II, Basel III)
  • Good coding skills (SQL, Python, Scala, or other similar programming languages), have experience with large amounts of data
  • Great toolbox of modeling or Machine Learning techniques

Core Benefits

  • Nubank equity
  • Health and life insurance
  • Food card
  • 15 days of paid vacation with 25% vacation bonus
  • Holiday Bonus ("Aguinaldo") of 30 days of pay per year
  • NuCare - Our mental health and wellness assistance program
  • NuLanguage - Our language learning program
  • Extended maternity and paternity leaves