Credit Risk Manager

Join us and get a once-in-a-lifetime opportunity to literally build a local banking champion!

How You Will Make an Impact:

• Monitor and manage credit risk across retail and micro business lending portfolios (secured and unsecured loans for private individuals, unsecured loans for small entities), ensuring alignment with risk appetite, profitability objectives, and regulatory requirements across the Baltics
• Analyze portfolio performance, emerging risk trends, and early warning indicators, translating insights into recommendations that support sustainable portfolio growth and sound lending decisions
• Develop, review, and optimize credit risk tactics, underwriting rules, affordability assessments, and risk parameters for new and existing customers growth and risk targets
• Drive continuous improvement of credit risk decisioning, decisioning processes, and portfolio monitoring practices, balancing customer experience, operational efficiency, and credit quality
• Collaborate with Business, Risk, Analytics, Data, Technology, Legal and other teams to implement credit risk initiatives, lending automation enhancements, and risk control improvements
• Contribute to the change of internal credit regulations, governance frameworks, and risk monitoring capabilities, ensuring compliance with internal standards and external regulatory expectations
• Act as a subject matter expert on retail credit risk, supporting strategic initiatives, changing projects, and management decision-making through data-driven analysis and professional judgement

• 3+ years of experience in retail and/or SME credit risk management within a financial institution, including credit strategy development, underwriting principles, risk rules, affordability assessment, or automated credit decisioning systems
• Strong understanding of retail lending products for private individuals (consumer finance, mortgage), credit risk management practices, portfolio monitoring, and key credit risk metrics across the customer lifecycle
• Proven ability to analyze portfolio performance, identify emerging risk trends, and translate data-driven insights into effective business and risk actions that support sustainable growth
• Experience working with credit data, credit scoring models, decision engines, risk parameters, and lending automation initiatives
• Ability to work independently and effectively collaborate with Business, Risk, Analytics, Data, and Technology teams to deliver credit risk initiatives, process improvements, and change projects
• Strong analytical thinking, sound professional judgement, and the confidence to challenge assumptions, influence stakeholders, and drive informed decision-making
• University degree in Finance, Economics, Mathematics, Statistics, Business Management, Data Science, or a related field
• Fluent English and local language is required in spoken and written communication due to working on the Pan-Baltic level

Nice to have

• Knowledge of SQL, Python, Power BI, or similar analytical tools would be considered an advantage

• Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
• Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life
• Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor