Senior Credit Risk Specialist

ITSCREDIT is a software company based in Porto, Portugal, specializing in the development and implementation of credit solutions. With deep expertise in banking credit, we continuously optimize the entire credit process—from simulation to disbursement—by developing innovative, flexible, and intuitive software solutions that meet evolving market challenges and client needs.

At ITSCREDIT, we believe that a career is more than just a job—it’s a journey towards your aspirations. Joining our team means working alongside like-minded professionals who inspire and challenge you to grow. We are committed to fostering an inclusive and diverse workplace where different backgrounds and perspectives are valued and celebrated.

If you’re looking for a company where you can thrive both professionally and personally in a dynamic and supportive environment, we’d love to hear from you!

The Role We are looking for a Senior Credit Risk Specialist to manage the full lifecycle of credit risk models, ensuring the right balance between statistical rigor and business applicability.

The main focus of this role is the development, maintenance, and optimization of decision‑support models and regulatory compliance frameworks, particularly in Impairment and Capital requirements.

The ideal candidate will play a key role in building robust risk methodologies, supporting smarter lending decisions, regulatory alignment, and stronger portfolio performance.

Key Responsabilities Model Development: Develop, calibrate, and validate PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default) models under Basel frameworks and/or IFRS 9 requirements.

Scoring & Rating: Design and improve Credit Scoring models for loan origination and Behavioral Scoring models for portfolio management and customer monitoring.

Quantitative Analysis: Extract, process, and analyze large volumes of data to identify risk patterns, default trends, and portfolio performance opportunities.

Reporting & Regulatory Compliance: Ensure that model development processes and technical documentation fully comply with regulatory requirements from Banco de Portugal, ECB, and EBA.

Education and Experience Bachelor’s or Master’s degree in highly quantitative fields such as Mathematics, Statistics, Data Science, Physics, Engineering, or related disciplines.

A background with applied exposure to Management, Economics, Finance, or Quantitative Finance is highly valued, especially the ability to combine analytical rigor with business and macroeconomic understanding.

Minimum of 2 years of experience in Credit Risk Management within Banks, Consulting firms, or equivalent organizations.

Excellent communication skills, both written and verbal, in Portuguese and English.

Technical Skills Strong knowledge of statistical programming languages such as Python, R, or SAS.

Solid SQL skills for database extraction and manipulation.

Deep understanding of the European banking regulatory framework.

Soft Skills Analytical & Critical Thinking: Strong ability to interpret complex data and transform analytical findings into practical business decisions.

Communication & Influence: Ability to explain technical assumptions, methodologies, and model outcomes to non-technical stakeholders across the organization.

Accuracy & Autonomy: High attention to detail, strong ownership, and the ability to manage projects under strict regulatory deadlines.

What we offer?

Remote / Hybrid Work

Healthy and friendly work environment

Anniversary day off

Private health insurance

A fair system of competitive rewards

Incentives and support for parenthood

Training & Certifications

Team Buildings & Meet Ups

Flexibility and close contact with leaders

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