Senior Risk Modeller

We are currently in process of rapid growth (x4 in last year), and launched our business in 3 new countries, with our presence across the EU now including Germany, France, Italy, the Netherlands, Belgium and Poland.

Senior Risk Modeller is positioned within the Financial Crime department at Finom. Together with a small team of industry professionals you will lay the foundation for the next level, innovation-driven FinCrime Risk Engine at Finom, which will help Finom make informed decisions related to the integrity of its customers across all of the EU and redefine approaches to fighting Financial Crime in Europe.

Desired Experience and Skills:

• At least 4 years of proven work experience in a quantitative role in industry (e.g. modeller, model validator, quantitative risk manager, quantitative consultant) and/or in related research in a bank or fintech environment
• Profound expertise in credit risk modelling validation, data validation and modern programming languages (Python, SAS and their applications in statistical analysis)
• You have analytical and problem-solving skills and can explain complex matters through good communication and presentation skills
• Critical and analytical thinking
• Start-up oriented, proactive, result-driven, and capable of working under own initiative and little supervision
• Fluent English is a must-have, fluent Russian is an advantage

Interpersonal Skills:

• As part of our team we’d like to see a critical thinker who is eager to challenge the status quo and come up with non-standard solutions.
• It is a person who can take responsibility for the projects, communicate effectively with colleagues of different levels of seniority, and present their ideas in a simple, clear and concise manner to people who are not subject matter experts.
• It is a strong goal-oriented individual player who is happy to occasionally pull resources together on a team project, and proactively ask for help from others where needed instead of waiting for instructions.

Responsibilities:

• Detecting Financial Crime:  Analyze scenarios of financial crime proposed by our expert financial crime team and employ the most suitable quantitative techniques to detect these scenarios in customer transactional profiles;
• Model Development: Develop a range of models, including Internal Ratings-Based (IRB), application scorecards, and behavioral scorecards. You will be responsible for backtesting and validation, ensuring the accuracy and reliability of these models;
• Operational Efficiency: Proactively identify opportunities to improve operational efficiency within risk modeling and analysis processes in FINOM. The metrics you develop will produce insights that will play a vital role in streamlining workflows and implementing best practices.
• Comprehensive Documentation: Prepare comprehensive and easily understandable model documentation. Your documentation will be accessible to both non-experts and stakeholders such as auditors and regulators, ensuring transparency and compliance;
• Project Collaboration: Actively participate and take responsibility in cross-functional projects and contribute to strategic decisions related to model development and validation frameworks;
• Ad Hoc Projects: Lead and collaborate on ad hoc projects, working closely with internal teams and external partners/vendors to address specific risk-related challenges or explore opportunities for model enhancements;
• Performing other duties as reasonably required for the operational efficiency of FINOM (proactively deemed necessary by the employee) or/and as communicated by the manager.

Why us?

• You'll have the opportunity to take lead on improving the processes you work on, working on cutting-edge AML tools
• You'll be working in a collaborative and flexible work environment, which fosters open and transparent communication, whilst also encouraging working autonomously
• The chance to make an impact, through implementing your own ideas and solutions into real problems
• The chance to help write Finom's success story and become part of this journey in the earlier stages
• Competitive salaries
• Long-term motivation with option plans and regular performance reviews
• Fully remote or office in Cyprus with a relocation package