Join Openbank, the 100% digital bank of the Santander Group, where innovation meets opportunity! With over 2 million customers across Spain, Germany, the Netherlands, Portugal, we're leading the way in digital banking. From loans and mortgages to a cutting-edge, fully automated investment platform, our products are transforming the industry.  

At Openbank, we pride ourselves on simplicity, agility, and security, earning us the title of the most recommended Spanish bank among our customers. Technology is in our DNA and we are constantly developing new digital solutions and products. And we're not stopping there! At Openbank we are proud to be a bank that is gaining more and more international presence, we have just landed in the United States and we have plans to launch in Mexico. 

If you're passionate about digital innovation, eager to make an impact, and ready to be part of a dynamic and forward-thinking company, then we want to hear from you! Join us and be part of our journey to redefine banking for the digital age! 

Mission and responsibilities:

We are looking for a professional that is currently part of a retail credit department and specializes in credit cards or personal loans, both in admissions and portfolio management. Based in Frankfurt (Germany) in Openbank's credit risk team you will support, from a risk perspective, the launch of new risk products in the Openbank German Branch and you will monitor portfolio performance and ensure that the business is on target for profitability and performance. Members of the Risk team are involved firsthand in new business initiatives, improvements to the current business, or adapting the business to regulatory and legal changes.

We are looking for a Risk Branch Manager who specializes in managing retail credit portfolios and has a 360-degree view of the product.  An expert in defining intake processes and then being able to make data-driven decisions combining business needs and seeking a balance of risk-adjusted profitability. Someone who will lead the initiative for preventative and reactive actions towards any factors impacting credit performance and portfolio profitability. The main tasks of this position will be the following:

• Portfolio manager of the different retail credit portfolios of the Openbank German Branch
• Define short- and long-term underwriting and enhancement policies based on portfolio and business requirements.
• Work with Risk Modeling team to design, develop and implement credit risk models both for admission, fraud prevention and for active limits management.
• Monitor German Branch risk appetite.
• Maintain key policies, procedures, and controls applied to the German Branch.
• Collaboration with key stakeholders in project development
• Efficient intake processes and portfolio performance by controlling risk assumption.
• Detect new risks (financial and non-financial) that may affect the German Branch and define and implement action plans.

What are we looking for in this position?

• 6 to 8 years of experience in retail credit management.
• A bachelor's degree in an quantitative/analytical field, such as engineering, statistics, math, economics, or management.
• Knowledge of European credit regulations.
• Knowledge on IFRS9 credit provisions.
• Analytical skills on main profitability and risk KPIs (cost of credit, VMG, NPL, PD/LGD).
• SQL Capabilities.
• Knowledge of SQL, R, Python, and/or other data analysis tools.
• Experience in the European credit market.
• Understanding of credit scoring and behavioral scoring models, especially for credit products portfolios.
• Experience with visualization tools (Quicksight, PoweBI..).
• German native and a very good command of English language and willing to work in an international environment.

What do we offer?

• Immediate incorporation to a dynamic and agile company with a growth and expansion project.
• Working in start-up mode with the support of Grupo Santander.
• Competitive remuneration and attractive benefits package.
• Possibility of growth within the company and the Group.
• Collaboration in international projects and possibility of contact with different countries.
• Excellent work environment, social clubs and frequent events.

Would you like to grow with us? Join our team!

Openbank is an equal opportunity employer. All applicants will be considered as equal without paying attention to gender identity, sexual orientation, ethnicity, religion, age, political orientation, union membership nor disability status.

We make recruiting decisions based on your experience and skills. We value your passion to discover, invent, simplify and build.

If you´re not currently living in Madrid or Valencia and you are open to relocate yourself, we would still love to consider your application-

The personal data you provide as well as any data generated during the selection process are confidential and will be processed by Open Bank, S.A./ Open Digital Services, S.L. with registered office at Plaza de Santa Bárbara 2, 28004 (Madrid), for the sole purpose of managing your participation in the selection processes and, where appropriate, to formalise your recruitment. 

For further information about your rights and data protection, please read the ODS/Openbank Privacy Policy applicable to this type of data processing here.

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