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SME Credit Risk Manager

Permanent employee, Full-time · Spain - Madrid - 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 Manager  to join us at this pivotal moment, share our vision, and help shape the future of European banking.
What you will be doing?
As a key member of the SME Credit Risk Management team for the Spanish branch, you will be responsible for defining, implementing, and managing the credit risk framework for Small and Medium Enterprises (SMEs) and Self-Employed (Autónomos). Your role balances strategic policy design with hands-on credit assessment, ensuring sustainable portfolio growth while maintaining high asset quality and regulatory compliance (Bank of Spain & EBA).

Key Responsibilities:

Policy Development & Risk Appetite

  • Framework Design: Define and maintain the SME Credit Risk Policy, aligning local market nuances with the Group’s overarching risk strategy.

  • Risk Appetite: Establish and monitor Risk Appetite Framework (RAF) metrics, including concentration limits by sector, geography, and product.

  • Capital Optimization: Leverage SGR (Sociedades de Garantía Recíproca) and ICO lines to optimize Risk-Weighted Assets (RWA) and improve the bank’s capital efficiency.

Credit Assessment & Decisioning

  • Underwriting: Conduct deep-dive financial analysis for SME loan applications (unsecured, factoring, and future secured lending).

  • Sancioning Power: Act as a senior voting member in the Credit Committee, providing "constructive skepticism" to balance commercial growth with credit sanity.

  • Group Risk Management: Identify and manage Economic Group linkages to ensure consolidated exposure limits are never breached.

Systems & Technical Implementation

  • Core Banking Integration: Collaborate with the Polish HQ tech teams to translate Spanish SME risk logic into the Core Banking System (UAT & Functional Requirements).

  • Decision Engines: Define the logic for automated and semi-automated decision trees for "Autónomos" and micro-SMEs.

  • IFRS 9 Management: Define and monitor criteria for Stage Allocation (Stage 1, 2, and 3) and Significant Increase in Credit Risk (SICR) specific to the Spanish corporate landscape.

Monitoring & Reporting

  • Portfolio Quality: Monitor Early Warning Signals (EWS) to detect signs of deterioration before default.

  • Regulatory Alignment: Ensure all SME lending activities comply with Bank of Spain Circular 4/2017 and EBA Guidelines on loan origination and monitoring.


Skills you should have

  • Experience: Minimum of 6+ years in SME credit risk analysis within the Spanish banking sector or leading Fintech.

  • Financial Expertise: Mastery of Spanish Accounting Standards (PGC), tax returns (Impuesto de Sociedades, IVA), and cash-flow-based lending.

  • Technical Skills: Proficiency in using Spanish Credit Bureaus (Experian, Equifax, CIRBE) and understanding of RAROC/RWA modeling.

  • Languages: Native/Bilingual Spanish and Professional working proficiency in English (essential for HQ coordination).

  • Soft Skills: Strong negotiation skills, analytical rigor, and the ability to thrive in a "start-up" banking environment.

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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