Credit Portfolio Manager - Capital & Cost of risk (F/M)

Paris, France
Risk & Data – Credit Portfolio Management /
Full Time /
At Younited, we believe money allows people to purchase goods & services and realize their dreams, but today’s banking products are opaque & overly complex.
Here, we leverage innovation & cutting-edge technology to redefine lending and payment practices, to provide exceptional user experience
More than a million customers already had access to our instant, simple & transparent credit, and we are just getting started.
We both provide credit & payment solutions directly to consumers (Younited Credit / Younited Pay) & via partners (banks, fintech & insurers who wish to develop consumer loan activities and retailers, telcos, e-merchants who wish to offer their customers the simplest method to pay in several times). We also provide budget optimization solutions through “Younited Coach” to all consumers willing to receive personalized recommendations.
Our mission is to become your trusted financial partner. In this respect, our strategy aims at promoting more transparency and more inclusiveness to help you achieve financial wellbeing.
We have initiated a B-Corp certification process, our social and environmental impact being at the heart of our strategic concerns.
So join Younited, the leading instant credit provider for the e‐economy in Europe! Be part of an amazing adventure that is only at its beginning…
Some key figures about Younited group:
·        Younited operates in 5 European countries and generates nearly 50% of its business outside France.
·        The company has raised more than 330m€ in equity since launch.
·        Younited employs more than c. 550 Younies in Paris, Rome, Barcelona, Lisbon, and Munich.
Younited is already trusted by prestigious E-merchant and Digital Bank partners among which Free, Bouygues Telecom, Orange Bank, Microsoft, Bpifrance, Apple, N26, Fortuneo and Lydia.
Our 5 corporate values drive our daily job:
·        Make it simple: At every level of the customer experience, the organization. Be transparent.
·        Act as an entrepreneur: Take ownership, work in teams. Dare to try, accept to fail.
·        Innovate or die: Challenge the status quo, no matter how impossible it seems.
·        Faster is better: Value speed over perfection. Be aligned on priorities.
·        No limit: Shot for the moon, stay humble.
We empower passionate problem-solvers to collaborate, innovate and do their best work.
We’re building diverse and inclusive teams around the world — because that’s how we create even better experiences for our customers and our partners. And we need your help. So, join us to build tomorrow, today.

If you want to know more, click here:

📋 Context
Your role will be strategic in monitoring, analyzing, and providing insights into the cost of risk, financial returns and profitability associated with Younited loan exposure. Your responsibilities will encompass financial analysis, reporting, budget and capital planning, portfolio management and stress testing, and contributing to strategic initiatives to enhance risk assessment and management.

Your responsabilities :

    • Cost of Risk and P&L Analysis
    • Monitor, forecast, and analyze Younited's Cost of Risk and its impact on the overall Profit and Loss (P&L).
    • Provide clear explanations and attribution of the P&L associated with Younited's Loan Portfolio, including cost of risk assessment by country and business line.
    • Prepare monthly analysis reports for senior management, highlighting gaps to Budget Planning targets.

    • Budget & Capital Planning Contribution
    • Design and develop forecasting models to predict the evolution of cost of risk on Younited's Loan Portfolio, considering factors like exposure amortization, risk factors, new origination, portfolio sales, and macroeconomic trends.
    • Contribute to the capital and budget planning process based on the insights from cost of risk analysis.
    • Strong collaboration with strategy team in charge of budget planning & equity fund raising.

    • Stress Testing & ICAAP
    • Develop stress scenarios and simulate their impact on Younited's Budget and Capital planning assessments, with a focus on loan portfolio evolution.
    • Contribute to the Internal Capital Adequacy Assessment Process (ICAAP) and Living will process (PPR) by providing valuable insights from stress testing exercises.
    • Strong collaboration with strategy & Asset-Liability Management (ALM) team

    • Non-Performing Loans (NPL) Strategy:
    • Support the NPL Sales strategy by providing valuation insights, including pricing of bad debt products using Discounted Cash-flows method.
    • Strong collaboration with capital market team in charge of sourcing loan investors.

    • Finance Control and Risk Perspective
    • Conduct data quality control on Finance-related processes to ensure accuracy and reliability.
    • Offer a risk perspective on Asset and Liability Management (ALM) and rates hedging strategies, contributing to robust decision-making.

🫵 About your profile

    • Master's degree in Finance, Economics, or a related field.
    • Strong analytical skills with the ability to interpret complex financial data.
    • Proficiency in SQL queries and data analysis tools, with experience in BigQuery preferred.
    • Understanding of risk management principles and financial modeling.
    • Excellent communication skills to present insights and recommendations effectively.
    • Proactive attitude with the ability to work independently and as part of a team.

    • Technical Skills:
    • Utilize BigQuery SQL queries for data extraction, manipulation, and analysis.
    • Leverage data analysis tools to generate meaningful insights from financial and risk-related datasets.

🤝 About your future manager

    • His background : Joachim has more than 12y experience in Credit, covering various fields & products (strategy, trading, portfolio management). He has been working at Younited for 6 years and oversees Credit Portfolio Management, Data Analytics and Pricing activities

    • His vision about the ways of working at Younited and the role : The role is key to achieve Younited's Originate to distribute business model, and hence has a large Executive committee exposure. It requires to be autonomous and proactive, and able to understand and explain in a simple way credit portfolio performance.
👥 Recruitment process​

- A first video chat with Sharone, Global Talent Acquisition, to get to know each other and tell you more about Younited, our corporate culture & values (30’)
- A meeting with Joachim, who is in charge of the CPM team (60')
- A case study​
- A video chat with Mathieu, Credit Portfolio Manager (60’)
- A video chat with Romain, Chief Risk & Data Officer (60')

🎁 Other benefits from joining Younited ?

- Offices in the center of Paris (9th)
- An international work environment and the opportunity to do a mission in one of our international offices (Barcelona, Munich, Roma)
- An entrepreneurship mindset and a teamwork spirit
- An individualized managerial and HR support during onboarding and throughout the Younited journey
- A continuous learning environment with the opportunity to take individual and collective trainings and "Friday workshops" in Tech department
- A particular attention to the work/life balance
- Support for young parents, including the opportunity of being part-time the week of return to the office
- The opportunity of getting involved throughout the year with associations as well as an annual offered solidarity day
- A flexible remote policy: from 8 days of remote per month to almost full remote for Tech (minimum 4 days at the office per month)
- 33 days of paid leave
- Luncheon voucher card
- Team buildings in France, internationally and within your team

Younited is an Equal Opportunity Employer for any minority, disability, gender identity or sexual orientation.