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SME Credit Risk Analyst

Permanent employee, Full-time · Portugal - Lisbon - Branch
What we do?

Aion belongs to one of the largest financial groups in Europe, serving over 15 million Clients, including one million businesses. We are building a new banking model that combines the speed and appeal of a fintech with the strength and stability of a universal bank. We draw on 150 years of experience and the unique expertise of our teams, acting as the Group’s pan-European innovation hub.

We are creating ultra-fast and transparent banking with an “all-in-one” application and new opportunities for all Clients - individual, business, and corporate. 

Our greatest value is our People - a Team of creative experts who thrive in a dynamic and innovative environment. We focus on collaboration, engagement, and achieving ambitious goals.

We are looking for a SME Credit Risk Analyst to join us at this pivotal moment, share our vision, and help shape the future of European banking.
What you will be doing?
The SME Credit Risk Analyst is responsible for evaluating the creditworthiness of small and medium-sized enterprises. You will perform deep financial analysis, assess business viability, and make informed credit decisions or recommendations. Your role is to manage the risk-reward balance, ensuring a high-quality loan portfolio while supporting the growth of our digital lending platform through expert human-in-the-loop intervention.

Key Responsibilities:

  • Credit Underwriting & Decisioning:

    • Perform comprehensive financial analysis of SMEs, including P&L, Balance Sheet, and Cash Flow assessment.

    • Evaluate "Complex Cases" that exceed automated scoring thresholds, providing expert judgment on credit applications.

    • Analyze CRC (Central de Responsabilidades de Crédito) reports to assess current indebtedness and repayment behavior.

  • Financial Statement Analysis:

    • Interpret Portuguese accounting documents (IES and Balancetes) with focus on EBITDA, Debt-to-Equity, and Liquidity ratios.

    • Use Informa D&B or other bureau data to identify Ultimate Beneficial Owners (UBO) and potential inter-company risks (group exposure).

  • Risk Mitigation & Structure:

    • Propose appropriate credit structures, including collateral requirements, personal guarantees, or specific covenants to mitigate identified risks.

    • Review and validate the "Affordability" and DSTI for SME owners and their businesses.

  • Portfolio Monitoring:

    • Monitor the performance of the SME portfolio, identifying early signs of deterioration in specific sectors or individual clients.


  • Feedback Loop for Automation:

    • Provide regular feedback to the Process Analysts to refine automated scoring models based on observed manual override patterns.

Skills you should have

  • Experience: +5 years of experience in SME credit underwriting (preferably within banking or financial services), with exposure to unsecured lending products.

  • Strong analytical skills: Ability to assess financial data, credit bureau reports, and other risk indicators to evaluate creditworthiness.

  • Attention to detail: Strong ability to identify risk factors, inconsistencies, and potential fraud indicators.

  • Decision-making capability: Confidence and accountability in making credit decisions or providing clear recommendations.

  • Understanding of credit risk: Solid knowledge of credit risk management principles and unsecured retail lending products.

  • Analytical & Critical Thinking: Ability to "look beyond the numbers" to understand the business model and market position of the borrower.

  • Communication skills: Clear and structured verbal and written communication, especially when documenting credit decisions.

  • Time management: Ability to work efficiently in a high-volume, deadline-driven environment.

  • Team player: Strong collaboration skills and willingness to work across functions and geographies.

  • Regulatory knowledge: Understanding of retail lending regulations and compliance standards.

  • Language skills: Must be able to communicate well in English.

  • Education: Bachelor’s or Master’s degree in Finance, Economics, Statistics, Mathematics, Computer Science, Econometrics, or a related field (nice to have).

What we offer
You will get an opportunity to work in an innovative, digital bank applying state of the art approaches and technologies. 
We provide our team members with Apple MacBooks to ensure a seamless work and superior user experience.
Flexible Work Model: We offer a hybrid approach with a monthly allowance to support your home office costs
Health & Wellbeing: You and your closest family (spouse and dependents) will be covered by comprehensive private healthcare. 
Meal Support: We help fuel your day with meal vouchers.
Our process
We keep our recruiting process simple. 
Step 1: Talk with one of our Recruiters about your to date experiences and ambitions
Step 2: Meet with your future Team Manager to deep dive on the role specifics and our work environment
Step 3: Meet with Head of Country
Our note to you

Diverse teams really are the best teams. Research shows that some candidates may hesitate to apply for a job unless they meet every requirement. If you are excited about working with us, we encourage you to apply - even if you're not 100% sure. We are interested in getting to know you and learning about what you bring to the table.

Please note that we may close a job posting early if we receive a large number of exceptional applications.

Good luck!

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