Retail Credit Risk Manager

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Retail Banking · Tallinn, Estonia · Hybrid Remote
Retail Credit Risk Manager
Join us and get a once-in-a-lifetime opportunity to literally build a local banking champion!
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Join our team as a Retail Credit Risk Manager!
Yes, you can! That’s our attitude towards our work, ambitions, ideas and relationships. We, at Luminor, believe that anyone has the potential to achieve big things and encourage everyone to achieve them – professionally and personally.
Whoever you are, and whatever your role is, with Luminor you will get a once-in-a-lifetime opportunity to build a local banking champion.
The aim of this position is to shape the future of automated lending by crafting and optimizing credit risk rules that empower data-driven decisions, streamline processes, and strike the perfect balance between driving business growth and maintaining robust risk management.
What You Will Do:

Shape and refine credit granting processes and workflows by applying your deep credit risk knowledge and industry insights, making a meaningful impact within Risk Management as part of the first line of defense

Provide requirements for private person lending automation projects and support translation of business needs into technical system requirements

Lead the implementation, maintenance, documentation, and continuous enhancement of credit risk assessment tools, ensuring high-quality performance

Oversee of credit portfolio`s and credit risk tools performance in context of business and risk targets

Collaborates with other teams to understand the impact of credit rules in the customer acquisition funnel and to identify opportunities to enhance conversion

Initiate improvements in risk rule definitions, affordability and offer calculations, pricing strategies to ensure profitable growth of the business and process efficiency

Think strategically, analytically, and creatively about new ways to reach customers and increase relevance

What We Expect:

Higher degree in preferred fields: economics, finance, business management, statistics, or data science

3+ years in credit risk management in retail banking, or consumer lending, with a focus on credit policy and rules development, risk modeling, or automated decision systems

Strong command of credit scoring models, risk engines, and decision-making tools; proficiency in data analysis tools such as SQL, Python, or similar would be considered as advantage

Demonstrated ability to analyze credit portfolio performance and identify data-driven strategies to balance business growth with risk mitigation

Proven track record of working autonomously and with cross-functional teams to implement risk initiatives and influence business outcomes effectively

Ownership mindset and proactive problem-solver with a focus on driving profitable growth, process efficiency, and innovative solutions in a dynamic, fast-paced environment

Fluent local language and English is required in spoken and written communication due to working on Pan-Baltic level

What We Offer:

Flexibility. Flexible working hours, remote work and a 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

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 to feel good and be productive at work and in life

Professional growth. Internal and external training programs, workshops, conferences, online training etc.

Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor

Gross salary. 2900 – 4400 EUR/month, which is to be determined depending on your level of experience and competencies

The application deadline is 22nd of January. We are looking for a candidate primarily already located within the Baltics please apply with your CV in English and PDF format!
Division Retail Banking Role Retail Lending & Insurance Department Locations Tallinn, Estonia Remote status Hybrid Remote Employment type Full-time
Contact Talent Acquisition Partner – People & Culture
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Yes, you can! That’s our attitude
Towards our work, ambitions, ideas and relationships. We, at Luminor, believe that anyone has the potential to achieve big things and we encourage everyone to achieve them – professionally and personally.
Whoever you are, and whatever your role is, with Luminor you will get a once-in-a-lifetime opportunity to literally build a local banking champion.
About Luminor Group
Luminor is the leading independent bank in the Baltics and the third-largest provider of financial services in our region. We serve the financial needs of individuals, families, and companies. Just like our home markets of Estonia, Latvia, and Lithuania we are young, dynamic, and forward looking.
Luminor has a strong and capable team that is committed to achieving our strategic objectives. We are dedicated to supporting sustainable growth in the Baltic region by providing a long-term commitment to businesses and individuals.
Founded in 2017
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Retail Banking · Tallinn, Estonia · Hybrid Remote
Retail Credit Risk Manager
Join us and get a once-in-a-lifetime opportunity to literally build a local banking champion!
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