The company
Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are.
That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed.
We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.
The team
The Credit Risk Modelling team builds and improves the models that drive iwoca’s lending decisions. They combine data science, engineering, and risk expertise to balance automation with human judgement and their work supports everything from underwriting and pricing to portfolio monitoring. The team’s work is central to iwoca’s growth and has a direct impact on both customer outcomes and business performance.
The team includes data scientists, developers, and risk analysts, all working hybrid schedules in London. The team’s work is quite collaborative and there’s always four or five people in the office on a given day. The team plans objectives for each quarter and manages progress with weekly meetings. They also have stand-ups every other day to share concerns and help each other.
The role
You’ll analyse data and contribute to the development of our credit models. You’ll work with analysts, data scientists, and senior stakeholders to shape iwoca’s lending strategy.
Learn:
Build expertise in the credit domain.
Develop your analytical skills through exposure to different experimental approaches and complex analysis.
Develop commercial influence:
Practice turning data into information, and information into insights, so that you and various stakeholders can deliver improvements with real impact for our customers.
Work on interesting and impactful projects, for example:
Monitoring and refining risk models to improve decision-making and portfolio outcomes
Analysing portfolios and tests to investigate credit performance, identify drivers of change, and adapt lending strategies
Building better tooling, monitoring, and workflows so we catch adversity faster and spend less time on manual work
Supporting new product launches and adapting policies to meet investor and regulatory needs
The requirements
Essential:
A quantitative background, such as a degree in mathematics, statistics, economics, engineering, or a related field
Ability to analyse data and generate insights to support decisions
Clear written and verbal communication, with the ability to tailor analysis and recommendations to different audiences
A team player, with the ability to work confidently and enthusiastically with different people and teams
A commitment to using modern tools effectively – including AI – to maximise quality, speed, and rigour, while retaining responsibility for accuracy and outcomes
Bonus:
Experience in B2B or B2C credit risk, lending, and strategy
Proficiency in SQL and Python
Experience with data visualisation tools like Looker
The culture
At iwoca, the best idea wins. We model our culture on independent thinking, challenging untested logic, and evidence-based decisions. We prioritise learning and growth, and give people the autonomy to develop in the direction that makes them most effective.
We're a tech company and believe in the power of AI to help us work faster and better. We provide the infrastructure where every iwocan always has access to the best models and where those models have access to all of our data. We will help our people to learn how to use and grow with the new tools available to them.
The offices
We put a lot of effort into making iwoca a great place to work:
Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks.
Events and community-led groups, including running groups, padel, and monthly ping-pong and pool competitions.
The benefits
Flexible working hours.
Medical insurance from Vitality, including discounted gym membership.
A private GP service (separate from Vitality) for you, your partner, and your dependents.
25 days’ holiday per year, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave.
A one-month, fully paid sabbatical after four years.
Instant access to external counselling and therapy sessions for team members that need emotional or mental health support.
3% Pension contributions on total earnings.
An employee equity incentive scheme.
Generous parental leave and a nursery tax benefit scheme to help you save money.
Electric car scheme and cycle to work scheme.
Two company retreats a year: we’ve been to France, Italy, Spain, and further afield.
And to make sure we all keep learning, we offer:
A learning and development budget for everyone.
Company-wide talks with internal and external speakers.
Access to learning platforms like Treehouse.
Useful links:
iwoca benefits & policies
iwoca London, England Office
London, United Kingdom
