About this role
This position invites a skilled professional to join the Credit Risk Modelling team at iwoca, operating on a hybrid basis in London or remotely within the UK. The chosen candidate will develop and refine probabilistic machine learning models that drive critical lending decisions for small and medium-sized enterprises.
Role Overview
The Data Scientist - Credit Risk Modelling role places the candidate inside a specialized group of roughly twelve data scientists. This team manages credit risk and customer lifetime value modelling for lending operations in the UK and Germany. The daily work involves balancing the maintenance of existing production models with incremental development and exploratory research. Because prototyping costs have decreased through modern AI applications, research and development form a growing portion of the workload. Projects range from causal estimation of offer terms and IFRS accounting models to unifying automated and manual credit decision paths.
Key Responsibilities
Requirements
Nice to Have
Skills and Tools
Salary and Benefits
The salary for this role ranges from £60,000 to £90,000 per year, alongside quarterly performance and salary reviews benchmarked against market rates. Employees receive flexible working hours, 25 days of annual holiday plus a birthday day off, options to buy or sell leave, unlimited unpaid leave, and a fully paid one-month sabbatical after four years. Additional perks include Vitality medical insurance with discounted gym membership, private GP services for family members, counseling and mental health support, 3% pension contributions, an employee equity incentive scheme, generous parental leave, a nursery tax benefit scheme, an electric car scheme, and a cycle-to-work scheme. Staff also enjoy a learning and development budget, access to online learning platforms, two annual company retreats, and office snacks and drinks.
About the Company
iwoca builds smart technology and data science solutions to provide flexible finance to small and medium-sized businesses. Having supported over 100,000 businesses with more than £4 billion in funding, the organization fosters a culture based on independent thinking, challenging untested logic, and evidence-based decision-making. The company operates offices in London, Leeds, Berlin, and Frankfurt.
How to Apply
To apply for this opportunity, please visit the official iwoca careers page to submit your application along with your salary goals.
Skills and tech stack
Questions candidates ask
Where is this job located?
This position can be performed on a hybrid basis from the London office or remotely from anywhere in the UK.
What is the salary range for this role?
The expected salary range for this position is from £60,000 to £90,000 per year.
What programming language does the team use?
The team utilizes Python as their primary programming stack.
What benefits are included with the employment?
Benefits include flexible working hours, 25 days of holiday, medical insurance, a private GP service, a 3% pension contribution, an employee equity scheme, parental leave, learning budgets, and two annual company retreats.
What is the primary mission of the team?
The Credit Risk Modelling team owns credit risk and customer lifetime value modelling for UK and German lending, driving fully automated and human-in-the-loop decision making.