Retail Credit Risk Expert

Nu serves more than 140 million customers guided by a mission to fight complexity and empower people. The company has been leading an industry transformation through innovative products and human-centered services.

Proprietary technology and data at scale power Nus digital platform built to promote financial access advancement and transparency. Its business model thrives on customer love and lower costs feeding a flywheel of growth and profitability.

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The Credit Risk Squad is part of the 2nd line of Defense responsible for managing and overseeing the credit risk function of our organization by providing independent oversight and challenge to the first line of defense.
As a second line Credit Risk team we are responsible for creating Expected Credit Loss (ECL) models used to calculate loss allowances making sure the companys credit risk is managed correctly and efficiently participating end-to-end in the model development process including implementation monitoring ensuring operational quality of the data and supporting Finance accounting teams.
Our teams models feed the financial statements of the Holding under IFRS 9 and as Nubank expands into the United States under US GAAP as well

About the Role
As a Credit Risk Expert focused on the US youll be the senior technical authority on US GAAP credit-loss and CECL (Current Expected Credit Losses) methodology within our Credit Risk team. Nubanks US expansion requires expected-credit-loss models that meet US regulatory and accounting standards.

Youll govern local US CECL models: assessing and identifying gaps reviewing risks and driving an implementation plan hands-on where needed working through the team rather than alone. It is also expected that you become the teams standing focal point for US-specific credit regulation.

This is a specialist individual-contributor role but youll be expected to share your knowledge to the rest of the team along with senior stakeholders in Finance Risk and Product.

Youll be Responsible for

• Own the US GAAP / CECL methodology be the teams definitive expert on how expected credit loss should be calculated and governed under US standards.

• Assess and close regulatory gaps evaluate our current state against whats required for the local US regulation; identify whats missing in model methodology documentation and governance and drive the plan to close it.

• Build models for new US portfolios as new US products launch build their expected-credit-loss models from the ground up hands-on including Development Implementation and Monitoring process.

• Close the explanatory gap between IFRS 9 and US GAAP models advise on main drivers for differences between IFRS 9 and US GAAP results.

• Transfer knowledge across the team ensure US GAAP/CECL expertise doesnt stay siloed with you; coach and upskill teammates who will implement and maintain these models day to day.

• Be the face of credit risk with US stakeholders represent the team with local US leadership (CFO CRO) and act as a primary point of contact with US regulators on credit and expected-loss matters.

Required

• Bachelors degree in Economics Finance Accounting Engineering Statistics Math or a related quantitative field.

• Deep hands-on experience building expected-credit-loss / provisioning models under US GAAP specifically CECL (ASC 326).

• Strong working knowledge of US credit risk regulatory expectations what regulators internal model risk teams and external auditors scrutinize in ECL models.

• Proven experience actually building models (not only reviewing or auditing them).

• Strong communication skills and a demonstrated ability to transfer technical knowledge to non-specialists and teammates rather than keeping it centralized.

• Comfortable operating with high visibility across senior internal stakeholders (global credit leadership first-line credit policy teams) and external stakeholders (local US leadership regulators).

Nice to Have

• Exposure to IFRS 9 or other international provisioning standards and experience with model transitions between accounting frameworks.

• Coding/technical skills sufficient to engage with model implementation (Python/SQL).

• Experience mentoring or growing into people leadership.

Location

Miami US

Work model

Hybrid 2-3 times/week: Our hybrid work model brings us to the office at least twice a week on strategic days designed to maximize team connection and collaboration. For more details visit Benefits

• Opportunity of earning equity at Nu

• Medical Insurance

• Dental and Vision Insurance

• Life Insurance and AD&D

• Extended maternity and paternity leaves

• Nucleo - Our learning platform of courses

• NuLanguage - Our language learning program

• NuCare - Our mental health and wellness assistance program

• 401K Saving Plans - Health Saving Account and Flexible Spending Account

• Work-from-home Allowance

• Relocation Assistance Package if applicable.

Total compensation includes base salary RSUs and benefits. Base salary range: US$129k - US$160k.

Our recruitment process may involve the use of artificial intelligenceenabled tools such as automated interview transcription and analysis to support the evaluation process. Artificial intelligence is not used to make final hiring decisions; all decisions are made by human reviewers.

To maintain a consistent and fair process for every candidate Nu does not provide individualized technical feedback. See how our policy works here