What does a Risk Analyst do at MarketInvoice – Janneke Hoek
Janneke is a Senior Risk Analyst in the Risk team and works with clients to help them with an alternative means of finance. We chat to her about her role.
Janneke is a Senior Risk Analyst in the Risk team and works with clients to help them with an alternative means of finance. Find out more about her role:
Why is the Risk team important at MarketInvoice?
Without a strong Risk Team our clients would not be able to get the funds they need quickly. My day to day tasks include assessing the credit and fraud risk of companies applying for funding. I have the authority and autonomy to decide whether to accept or reject an application, assign credit limits, and ultimately launch trades on behalf of our customers. Central to this is liaising with supporting teams such as Sales, Operations and the Investors to ensure smooth trading. As we are a growing business, I am involved in improving current policies, processes and systems, closely working alongside Technology and Product teams to build our evolving product base.
What are some of the challenges you are facing in your role?
As we are a growing business our Risk policy needs constant review to ensure we remain competitive for our clients and investors. The biggest challenge with this is to create a deal offering that meets the interests of both parties. With new products being launched in 2017, we are having to work hard and fast at developing our Risk policies, and ensuring our platform is built to enable the Risk Team to assess and monitor the portfolio in the best possible way.
What skills and experience do you feel people need to be successful in your role?
You must be highly analytical with a keen eye for detail, some days you feel like a detective as you dig deep into customer applications. You must be able to manage stakeholders, balancing expectations across different teams who have differing targets and motivations. You must be flexible and a problem solver, but not afraid to push back when required. Financial and business acumen is a must.
What do you hope your future at MI looks like?
I have just been promoted into a senior role within my team. My new responsibilities will continue to strengthen my analytical skills as we take on larger more complex deals. With the focus for 2017 being the development of new products, my new role should have more involvement in product management. Working closer with the Tech team to build the systems that the Risk Team requires for best in class Risk Management.