We’re looking for a Data Scientist to join our Credit Risk Modelling team. You'll work on the credit models that sit at the core of iwoca's lending business – the models that decide who we lend to, on what terms, and how far the product can grow.
Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.
The Credit Risk Modelling team owns credit risk and customer lifetime value (CLtV) modelling for iwoca's UK and German lending. That covers the probabilistic machine learning models behind every credit decision, plus the CLtV models that shape pricing and portfolio strategy. The team is around twelve data scientists, who combined create models to efficiently drive fully automated and human-in-the-loop decision making.
You'll run credit and CLtV modelling projects alongside the rest of the team. The work spans keeping production models healthy, incremental development, and research that reshapes how the models work. Live examples of the work include: * Causal estimation of offer terms: Modelling how amount, duration, and price shape customer outcomes. * Unifying auto and manual models: Finding a principled way to unify them on a common cost function. * IFRS accounting model: A multi-stage credit model where information propagates back from later-stage recovery predictions to sharpen upfront loss estimates. * Generalising credit and CLtV: Researching whether a more general framing could replace both separate models.