Company description

Netbank is a start-up fintech led bank, focused on the under-served. Its model is to:

Partner with Fintechs, banks and non-bank lenders, who have existing client networks

• Loans to clients, so the partners can grow without raising additional capital

  Deposit accounts for clients, serviced by the partner (on a white-label basis)

  Technology services to the partners, allowing them more efficient processing and better client satisfaction

  Provide banking service through APIs.

  Netbank will initially operate in the Philippines, but the business model is applicable across multiple geographies. See www.netbank.ph

  Duties and Responsibilities

  • Develop credit risk tools (credit scoring, collections data, etc.)

    • Review alternative providers

      Assess based on effectiveness

      Manage relationships

  • Loan governance and Policy development

    • Manage the banks' credit risk committee

      Define loan acceptance criteria

  • Onboarding

    • Conduct initial risk assessment

      Review partner risk reviews. Assess loss rates and profitability

      Propose loan acceptance criteria for each partner

  • Credit risk optimization

    • Build databases to allow statistical analysis of historical loan performance to identify criteria that predict loan loss. Maintain and update these models

      Conduct loan reviews / Develop an understanding of the underlying causes of risk for each type of loan

      Assess lending criteria/loan acceptance criteria for individual loan programs

  • Lending process optimization

    • Review lending processes to understand issues that take time, and slow the process

      Review and optimise the process

      Remove credit risk mitigation process steps that are not bringing value

  • Support projects to develop additional products for lenders

    • Review providers of data to reduce credit risk (CIC, alternative data sources, etc.). Create business cases for these partners

      Identify credit decision tools

      Lead projects to implement these tools

      The position will be based in Manila, but remote working is possible. It will initially report to the CEO and Founders of the bank.

      Metrics to monitor

      • Good credit quality of the portfolio

        Good relationship with partners

      
      

      Required skills and qualifications

      
      

      • Filipino or foreign national

        Bachelor's Degree, preferably in Business

      • Administration/Commerce, Business Management, Economics,
      • Financial Management or their equivalent. 
      • Strong capabilities in maths is vital.
      • 3-5 years experience in credit risk assessment especially in consumer and SME lending - preferably within a foreign bank

      • Knowledgeable in retail risk management

        Good oral and written communication

      
      

      Desired personality type

      
      

      • Pro-active approach to reforming credit risk

        Awareness of profitability. Willingness to take action to increase profitability

        Detail and process-orientated, ensuring complete execution of loan acceptance criteria and credit policies

        With strong analytical skills, especially numerical analysis.

        Judgement to identify the impact of analytical findings

        Can work independently and proactively. Results-oriented

        Ability to multi-task and work under pressure.

        Professionalism at the highest level.

        Energetic and positive