Enterprise Credit Risk Analyst H/F Alma

About our company

At Alma, we're reinventing finance to serve those who matter most: merchants and consumers. Our instalment and deferred payment solutions help merchants boost sales by up to 20%, increase customer loyalty, and deliver a seamless shopping experience - all without encouraging debt. As the BNPL leader in France and active in 10 European countries, we've empowered over 21,000 merchants and 8 million consumers. With a team of 340+ and a €115M Series C funding round, Alma is rapidly scaling across Europe - and this is just the beginning...

About the job

The Corporate Credit Risk team consists of 1 Manager and 5 specialized team members, each focused on distinct market segments: SMB, Mid Market & New Verticals, Enterprise, PSP & International.

Our mission is to drive Alma's sustainable growth by proactively identifying, assessing, and mitigating any risk that could impact our business operations and financial performance.

In practice, that means:

- Strategic risk assessment: Evaluating opportunities and setting appropriate risk and financial terms (product offering, pricing, purchase amounts, payout delays, reserves, etc.) to maximise revenue while limiting consumer and merchant risk.
- Portfolio management: Continuously monitoring margin performance and merchant portfolio risk; proactively identifying pockets of growth and early warning signals; and implementing revenuegenerating or mitigation actions to maximise margins (both top and bottom line).
- Process excellence: Building and optimising processes and tools to sustain highperformance risk management throughout the merchant lifecycle in the most costefficient way.

Your Mission:

As an Enterprise Credit Risk Analyst, you will serve as a strategic guardian of Alma's financial interests and reputation, specializing in the assessment and management of risks associated with large-scale enterprise merchants (including prestigious brands like Maisons du Monde, SNCF, or La Redoute).

This is a highly strategic role that directly supports Alma's ambitious upmarket expansion strategy. As we continue our successful evolution from our SMB origins to capturing significant enterprise market share, you will be instrumental in enabling this growth while maintaining our risk standards and profitability targets.

Reporting directly to the Corporate Credit Risk Manager, you will be responsible of:
- Risk assessment & Decision-making
- Rigorously assess Enterprise opportunities across multiple dimensions: merchant strategy, business model and commercial structure, financial strength and creditworthiness, shareholder stability and corporate goverance, market reputation and product/service quality.
- Decide whether to partner and establish optimal business terms including pricing strategies (with Finance), contractual protections (with Legal), and comprehensive risk mitigation frameworks.
- High-risk merchant monitoring & Portfolio management
- Closely monitor the financial health of our most critical merchants, identify weak signals early, and recommend strategic risk mitigations (e.g., transaction limits, reserve implementation, revised terms, or exit).
- Partner with Key Account Managers to shape the strategy and narrative with the merchant; actively participate in high-level negotiations, often with merchant leadership (CEO/CFO).
- Portolio optimization
- As a business partner to Revenue teams, proactively monitor the margin performance of Enterprise accounts.
- Codefine the winning plan to maximize revenue and merchant satisfaction while minimizing losses (e.g., upsell, crosssell, and calibrated risk parameter optimization).
- Go-to-market strategy co-construction
- Help shape our GTM with Legal and Revenue stakeholders to unlock significant new revenue pools by addressing new market segments (e.g., marketplaces), while safeguarding Alma's legal and financial interests and maximising operational efficiency.
- Collaboration and communication
- Build strong, productive relationships with crossfunctional stakeholders-including DirCo members-in Sales, Account Management, Finance, Fraud, Risk Modelling, Legal & Compliance, Operations, and Product & Engineering to drive sustainable growth.
- Continuous Improvement
- Stay abreast of industry trends, emerging risks, and best practices in merchant risk management to continuously enhance processes, policies, and tooling to strengthen risk mitigation and scalability.

Main interactions / stakeholders:

- Enterprise Sales and Key Account Management
- Finance
- Fraud
- Risk Modelling
- Legal & Compliance
- Operations
- Product & Engineering
- Operations
- DirCo members

About you

Essential qualities:

- Critical thinking & Problem-solving: You break down challenges into smaller parts and proactively suggest actionable workarounds.
- Impact-driven: You focus on what matters most to Alma and set clear, measurable goals.
- Business sense & Strategic thinking: You understand how risk choices affect revenue, margin, and long-term value.
- Financial analysis mastery: You analyze financial statements, even with complex corporate structures, identifying strengths and weaknesses that could endanger the merchant's ability to meet operational commitments and jeopardize Alma's interests.
- Project management: You frame, drive, and deliver complex multistakeholder initiatives on time, with strong adoption.
- Doer mindset: You take ownership and get hands-on when needed (e.g., reviewing long contracts to secure protections).
- Interpersonal skills: You navigate seamlessly across all organizational levels, influence without authority, and build strong relationships with C-level executives internally and externally.
- Communication: You synthesize complex information into clear, actionable recommendations for audiences from individual contributors to executive leadership.
- Autonomy: You own your merchant portfolio and projects from start to finish, make clear and accountable decisions while escalating appropriately when required.
- Team player: You work effectively across multiple stakeholders to get things done.

Your experience:

- 4+ years of proven experiencein credit risk analysis, financial services, consulting, or fintech/payments, with a strong delivery track record.
- Strong financial analysis backgroundwith hands-on experience in credit assessment, financial modeling, or corporate finance.
- Proven ability to drive crossfunctional projects endtoend (scope, plan, execute, land adoption).
- Native or near-native French proficiency for local market engagement.
- Professional proficiency in English for international stakeholders and cross-functional collaboration.
- Advanced Excel skills; experience with SQL and/or BI tools (Looker, Metabase) is a plus.
- Master's degree in Business, Finance, Economics, or related field preferred.

You're not sure if you meet 100% of the criteria and that's making you hesitate to apply?

At Alma, we believe that diversity drives innovation and strengthens our community and are committed to creating a workplace where everyone feels respected, valued, and empowered to contribute. We are proud to be an equal opportunity employer and welcome applicants from all backgrounds and experiences. All employment decisions are made based on qualifications, experiences, merit, and business needs without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other legally protected characteristic.

So please take your chance, apply anyway !

About the recruitment process

- Visio call with a member of our Talent Acquisition team (30min)
- Visio call with Passy, Corporate Credit Risk Manager (45min)
- Written case study
- Case study debrief with Passy and Arnaud, Head of Fraud, AML-CFT & Corporate Credit Risk (1h)
- Meeting with Nicolas, VP - Funding, Capital Optimization & Risk (30min)

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