Risk Manager

Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs. The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude’s business units are consumer banking (Ferratum), business banking (CapitalBox) and wholesale banking (Multitude Bank).

Multitude Group employs over 700 people, from over 40 nationalities working in 25 countries and offers services in 16 countries, achieving a combined turnover of 230 million euros in 2023. Multitude was founded in Finland in 2005 and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'E41'.

Are you passionate about risk management and looking for an opportunity to make a significant impact within a dynamic and innovative banking environment? At Multitude Bank, we're on a mission to redefine banking, and we need a talented Risk Manager to join our team. In this role, you'll work closely with our Chief Risk Officer and Senior Managers, playing a crucial role in safeguarding our bank's financial health and ensuring adherence to regulatory standards. If you're ready to take your career to the next level in a fast-paced, fintech-driven environment, this is the opportunity for you.

As our Risk Manager, you will:

• Monitor and report: Track the performance of our loan portfolio, including approvals, collections, credit quality, and defaults, and report findings to various committees.


• Risk assessment: Assist in evaluating the risk and expected credit loss of the Bank’s investments, ensuring compliance with covenants.


• Policy adherence: Produce reports that track portfolio segments relative to the Bank’s risk indicators, ensuring alignment with our risk appetite framework.


• Product approval: Contribute to the risk assessment of our New Product Approval Process.


• Regulatory compliance: Support the compilation of the Bank’s ICAAP, ILAAP, and Recovery Plan, and participate in stress testing simulations related to the Bank’s balance sheet.


• Outsourcing and policy updates: Assist in risk assessments for outsourcing activities and update risk policies as needed.


• Committee support: Contribute to analysis and reporting for the Credit Committee, Reserving Committee, and Risk Committee.


• Regulation monitoring: Stay updated on new regulations impacting the Bank’s Risk Management function.


• Methods to monitor: Contribute to the identification and design of methods to monitor, assess, and report different risks.


• Capital and risk management: Assist with the compilation of the Capital & Risk Management disclosures within the audited financial statements.


• Ad-hoc tasks: Perform ad hoc tasks and support newly emerging needs as they arise.

To succeed in this role, you should have:

• Educational background: A degree in financial services, economics, econometrics, risk management, statistics, business management, or a related field.


• Experience: At least 3+ years in a similar role within a bank’s risk management department or in banking advisory/consultancy, which is essential for this position.


• Risk management knowledge: A solid understanding of risk management principles and the evolving banking regulatory environment.

We’re looking for someone with:

• Communication skills: Excellent written and verbal communication abilities.


• Teamwork: The ability to work effectively within a team and a dynamic international environment.


• Fintech interest: A strong interest in fintech and a desire to stay informed about industry developments.


• Time management: Strong organizational and time management skills.


• Hands-on approach: A proactive and meticulous approach to your work.

If you're a detail-oriented risk management professional ready to take on new challenges and make a meaningful impact, we'd love to hear from you. Join us at Multitude Bank and be a part of our journey to shape the future of banking and create success stories in Fintech.

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Multitude - KMP-93720