Manage credit risk and monitoring activities for mortgages, consumer loans, leasing, unsecured business lending and credit cards across Latvia, Lithuania and Estonia.
Ensure consistent application of credit policies, limits and lending standards; maintain alignment with internal governance and supervisory expectations.
Drive improvements in credit decision-making, affordability assessments, scoring models and underwriting documentation to ensure quality and consistency.
Oversee ongoing portfolio performance monitoring, KPI/KRI design, early warning indicators and timely reporting to stakeholders and senior management.
Identify emerging risks and trends, propose mitigations, and lead remediation actions in partnership with Collections, Operations and Business teams.
Ensure robust collateral management and real estate valuation practices across private lending portfolios.
Promote high standards of data quality, validation and governance; work with analytics and BI teams to develop actionable insights and automated monitoring.
Ensure effective operation and continuous enhancement of credit decisioning tools, risk engines, affordability models and portfolio monitoring systems.
Act as a key contact for local regulators and internal control functions; translate regulatory expectations into practical, compliant lending solutions.
Lead, mentor and develop a diverse team of credit risk professionals, fostering a culture of accountability, continuous improvement and collaboration.

Proven leadership experience in retail lending, credit risk management or portfolio management within a regulated financial institution.
Strong knowledge of retail and micro-business lending products, underwriting practices, collections and credit lifecycle management.
Experience with credit portfolio analytics, KPI/KRI design, performance management and risk-adjusted profitability analysis.
Familiarity with regulatory frameworks, ECB and local supervisory requirements and credit risk governance principles.
Data-driven mindset with the ability to interpret analytical outputs and challenge data, working closely with data and analytics teams.
Practical experience with BI and reporting tools (Power BI, Tableau or similar) and understanding of SQL and database concepts.
Understanding of credit decisioning systems, risk engines, scoring models, affordability assessments and early warning indicators.
Experience in collateral management and real estate valuation principles.
Excellent stakeholder management, communication and presentation skills; ability to influence at senior levels.
Proven ability to lead change and deliver projects involving business, risk, regulatory or technology components.
Fluent English, both written and spoken, as role operates at a Pan‑Baltic level.

Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
Access to tools and resources that help you feel good and be productive at work and in life
Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
Enjoy special offers & pricing for products and services provided by Luminor

Retail Credit Risk and Monitoring Manager

Key skills