Top Uk Fintech Startup Jobs and Positions to Consider in 2023
When you think of Fintech, what comes to your mind? Finance and technology. Fintech is using technology to deliver financial services and products to customers. It could be in insurance, education, banking, investment, healthcare, or anything related to finance.
The world is advancing with technology changing the outlook of things, you can do any transaction from your comfort without going to the bank. The United Kingdom happens to be the second most extended destination for fintech investment after the United States, the fintech sector in the UK is comprised of close to over 2000 firms which are projected to grow by 2030. The fintech ecosystem is the largest in Europe after the covid-19 pandemic growth, the UK fintech industry accelerated significantly with lots of startups emerging and daily needs of talents to fill every position in these fintech companies.
In this article, you will find the list of the top UK fintech job roles to consider in 2023.
Fintech Startup Jobs and Positions
The Head of Credit
The Head of Credit is responsible for the whole credit function of an organisation. This person establishes internal controls and processes credit assessments, restructuring, monitoring, and recovery. He/She understands market development including local, regional, and international business, and also by being analytical, takes a prudent approach to credit risk management.
Roles and responsibilities
- Direct analysis and credit policies that target profitable buyer segments.
- Drive credit stress testing outcomes to chart business decisions and credit risk appetites.
- Drive the continuous improvement of internal credit guidelines and policies in response to changing markets or industry outlooks.
- Drive the identification of credit opportunities where businesses can handle more risks.
- Endorse credit applications that deviate from approved limits or upper threshold levels.
- Endorse dashboard indicators that support monitoring of credit exposure levels.
- Endorse recommended credit restructuring options.
- Escalate adverse exposure of credit portfolios to internal stakeholders for action based on a review of credit portfolios.
- Establish effective credit risk management frameworks and methodologies.
- Establish policies and procedures for credit applications that deviate from standards.
- Lead the department’s financial budgeting processes to acquire funds for operations.
- Lead in technology application to improve work innovation and productivity.
- Lead negotiations with stakeholders regarding repossession actions from buyers with delinquent accounts.
- Manage the department’s recruitment and retention efforts.
- Manage the professional and career development of staff.
- Oversee the department’s financial budget utilisation against the department’s work plans.
- Bachelor’s degree or college diploma in finance, accounting, business administration, or economics.
- Advanced Mathematical abilities
- Solid interpersonal skills
- Attention to detail
- Great written and verbal communication skills
- Understanding of loans and lending procedures
- Proven work experience in credit management
- Excellent analytical skills
Business Analysts are responsible for the change in an organisation or a business by using data to form business insights and decisions. they gather and analyse data to build, develop and investigate solutions including improving the system by tackling the challenges in the business.
Roles and responsibilities
- Run workshops and training sessions
- explore how the organisation is currently operating via research, which could include interviewing employees and collecting quantitative data to explore different solutions, their risks, benefits, and impacts
- Serving as a liaison between stakeholders and users.
- Managing competing resources and priorities.
- Monitoring deliverables and ensuring timely completion of projects.
- Gather relevant documents and requirements
- Analyzing the needs and solutions,
- Interact with the business stakeholders and subject matter experts to understand their problems and needs
- Devising strategies to design or modify business systems or processes
- Sometimes, they help test the system and create system documentation and user manuals
- A Bachelor’s degree in Business Administration, Finance, Accounting, or any related field.
- Business Analysts possess analytical skills alongside critical and logical thinking
- Oral and written communication skills
- A minimum of 3-5 years of experience in business analysis or a related field
- Competency in Microsoft Applications including Word, Excel, and Outlook
- Advanced technical and documentation skills
Senior Project Manager
A Senior Project Manager is responsible for leading teams to deliver projects that span across one or more business units. A senior project manager is often thought seen as one whose more experienced to handle bigger and more complex projects by making sure every project is overseen to its success level by managing from every stage to its execution.
Roles and responsibilities
- Establish realistic goals and implement action plans for achieving set objectives
- Guide and direct project team members to ensure compliance with set standards, procedures, and guidelines
- Ensure the availability of financial, material, and human resources required to complete a project
- Evaluate the progress of a project to detect limitations or faults to seek solutions to a more efficient process
- Monitor industry trends to identify changes in project strategies, tools, and terminology to adjust accordingly
- Develop internal communication strategies useful in ensuring communication between various departments of an organisation
- Use specialised tools and techniques to delegate and ensure even distribution of tasks to project team members
- Excellent experience in SDLC Methodologies, Agile, SCRUM, SDLC / Waterfall
- Strong leadership, diplomatic and motivational skills including the ability to lead up, across, and down multiple business and technology organizations
- Proven ability to work creatively and analytically in a problem-solving environment demonstrating teamwork, innovation, and excellence
- Build and maintain relationships by engaging business leaders to establish credibility, solve problems, build consensus and achieve objectives
- 3+ years of experience with full product lifecycle with the understanding of development lifecycle and various technology methodologies that support that lifecycle
- Intermediate level of proficiency with MS Project, Excel, Visio, PowerPoint, and SharePoint with experience presenting to stakeholders and/or Senior Leadership
- Proven ability to demonstrate a drive for results and accountability of business needs
- Interpersonal skills to influence and spur change, facilitate and enhance performance within a cross-functional environment
- Ability to multitask.
- Proficiency with Microsoft Office.
- Excellent planning and time management skills.
- A degree in project management, business management, or a related field.
Head of Risk
A chief or Head of Risk officer is an executive in charge of managing the risks of the company by managing, identifying, evaluating, reporting, and overseeing the threats in an organisation. The head of risk reports the analysis gotten to the chief financial officer or the treasurer in an organisation. One of the key responsibilities of a head of the risk officer is to implement policies and procedures to manage operational risks.
Roles and Responsibilities
- Maintaining records of insurance policies and claims
- Reviewing any new major contracts or internal business proposals
- Building risk awareness amongst staff by providing support and training within the company
- Explaining the external risk posed by corporate governance to stakeholders
- Creating business continuity plans to limit risks
- Risk management policies are directly reflected in the organisation’s strategic plans
- Timely risk assessment process through risk management expert or in-person
- Prepare documentation related to risk assessment
- Create a budget plan for projects
- Recognise every potential threat to the operational efficiency and financial stability of the organisation
- Develop risk-related plans and formulate strategies to minimise and mitigate monitors monitoring the progress of the project
- A Bachelor’s degree in business administration, finance, law, economics, or management should be considered a minimum requirement
- Several years of experience in Risk management
- An MBA in cyber security is sometimes required
- Professional Risk Manager(RPM) certification may be beneficial
- Strong attention to details
- Strong Analytical and problem-solving skills
- High proficiency in risk management, financial analysis, and related software.
KYC Analysts are part of Risk management. They are primarily responsible for reviewing the documentation for new customer accounts, evacuating risky accounts, and also analyse new customers and policies. They also study the new market trend by observing the behavioural patterns of customers within the organisation by playing major and essential roles in the business by verifying every identity of new customers and also making sure individuals are monitored for all sorts of illegal business and transactions.
Roles and Responsibilities
- Maintaining records of customer identification information, including name, address, date of birth, social security number, place of birth, mother’s maiden name, and any other identifying information
- Reviewing applications for loans or credit accounts to ensure that all required information has been submitted and that all forms are filled out accurately
- Obtaining information from clients through in-person interviews or via written questionnaires
- Contacting clients to follow up on missing information or incomplete applications
- Reviewing financial statements and other records to verify the accuracy of information provided by customers
- By preventing money laundering, terrorist financing, and other illegal activities.
- By collecting the most accurate data for compliance purposes.
- By watching sales and market trends and observing customer behaviour, a KYC analyst can make decisions and suggestions in the areas of marketing, product development, and customer satisfaction.
- A Bachelor’s degree in law or business administration, MIS, Business, Math, Statistics, related field of study, or equivalent work experience
- Ability to multi-task and coordinate multiple projects.
- Well-developed IT skills.
- Interpersonal skills.
- Data analysis.
- Expert skill level in utilizing MS Office, SharePoint, SQL, SAS, Teradata, Data Warehouse, and other data mining, analysis, and presentation tools.
It can be challenging to decide on a career path. With this article, we hope the list of job positions at startups helps you decide on the next phase of your career. Thank you for reading.