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Merchant Credit & Portfolio Risk Analyst to Kustom
Do you like tackling intricate financial challenges with data-driven solutions and want to work at one of Europe’s fastest growing scale-ups? Welcome to Kustom.
About Kustom:
Kustom, previously known as Klarna Checkout (KCO), is the Nordic market leader in digital checkout solutions. We currently support over 24,000 merchants across more than 170 countries, delivering localized, scalable and efficient checkout experiences in 18 markets. We empower merchants to convert customers globally with reliability and innovation.
About the role as Merchant Credit & Portfolio Risk Analyst
As a Merchant Credit & Portfolio Risk Analyst, you’ll be pivotal in advancing our risk infrastructure - from individual merchant assessments to dynamic portfolio-level forecasting and stress modelling. You will elevate our risk capability through quantitative methods, building systems that help anticipate, measure and mitigate risk in real time. Expect high expectations, but also high support, autonomy and room to grow.
Responsibilities:
To thrive in this role you are a curious and proactive professional with strong quantitative instincts, able to turn data into insights and balance statistical rigor with business needs. You are confident in making data-driven decisions under uncertainty, combining a collaborative mindset with the ability to work independently. Focused on shaping the risk function and guiding others through insights, you drive continuous model improvement and risk optimization.
Important for the role:
Start: By agreement
Extent: Full-time, 100%
Location: Stockholm
Salary: By agreement
Do you find the role as Merchant Credit & Portfolio Risk Analyst at Kustom interesting? Submit your application today, we look forward to hearing from you!
About Kustom:
Kustom, previously known as Klarna Checkout (KCO), is the Nordic market leader in digital checkout solutions. We currently support over 24,000 merchants across more than 170 countries, delivering localized, scalable and efficient checkout experiences in 18 markets. We empower merchants to convert customers globally with reliability and innovation.
About the role as Merchant Credit & Portfolio Risk Analyst
As a Merchant Credit & Portfolio Risk Analyst, you’ll be pivotal in advancing our risk infrastructure - from individual merchant assessments to dynamic portfolio-level forecasting and stress modelling. You will elevate our risk capability through quantitative methods, building systems that help anticipate, measure and mitigate risk in real time. Expect high expectations, but also high support, autonomy and room to grow.
Responsibilities:
- Develop and maintain financial and risk forecasting models (e.g., Monte Carlo simulations, scenario analyses) to gauge merchant and portfolio-level exposures.
- Monitor, quantify and report on credit risk trends across merchant segments - identifying early warning signals and loss drivers.
- Design and operationalize a portfolio risk dashboard with KPIs like PD (probability of default), LGD (loss given default) and EAD (exposure at default).
- Collaborate across risk, data science, and analytics teams to deploy machine learning or statistical models for dynamic scoring and clustering of merchant risk profiles.
- Build, implement and refine stress testing frameworks under varied economic scenarios.
- Conduct back-testing and validation of risk models to ensure accuracy and model robustness.
- Partner with commercial and finance divisions to inform strategic decisions, driving both risk mitigation and business growth.
To thrive in this role you are a curious and proactive professional with strong quantitative instincts, able to turn data into insights and balance statistical rigor with business needs. You are confident in making data-driven decisions under uncertainty, combining a collaborative mindset with the ability to work independently. Focused on shaping the risk function and guiding others through insights, you drive continuous model improvement and risk optimization.
Important for the role:
- Bachelor’s or Master’s degree in Finance, Economics, Mathematics, Statistics, Engineering or a closely related quantitative discipline.
- 2–5+ years in roles emphasizing financial modeling, credit risk analytics or quantitative risk - ideally at fintechs, banks or financial services firms.
- Hands-on experience with SQL and data visualization/BI tools (e.g., Power BI, Tableau, Looker) to present actionable insights.
- Solid understanding of risk frameworks: PD/LGD/EAD, stress testing, scenario analysis, portfolio concentration risk and credit scoring models.
- Strong applied statistics knowledge: regression, time-series analysis, clustering, validation techniques.
- Meticulous, analytical mindset with the ability to communicate complex findings clearly and influence stakeholders.
- Experience in risk monitoring toolsets and dashboards is a plus.
- Excellent health insurance - including long-term illness coverage and salary exchange options
- Robust pension plan with national and occupational components
- SEK 3,000/year wellness allowance for health and fitness
- Extra day off when major holidays (e.g. Christmas Eve, New Year’s Eve) fall on weekends
- Continuous learning opportunities and professional growth support
Start: By agreement
Extent: Full-time, 100%
Location: Stockholm
Salary: By agreement
Do you find the role as Merchant Credit & Portfolio Risk Analyst at Kustom interesting? Submit your application today, we look forward to hearing from you!