Credit Risk Underwriting Analyst

As a Credit Risk Underwriting Analyst based in Amsterdam, you will be part of a growing team responsible for evaluating, managing, and scaling credit risk across Adyen’s expanding suite of financial products.

The team plays a critical role in assessing credit risk, underwriting SME and enterprise merchants, and ensuring that portfolio performance remains within Adyen’s risk appetite, while enabling sustainable growth for merchants.

Beyond day-to-day underwriting and portfolio management, the team owns the development and operation of credit risk operational frameworks for new and evolving financial products, such as Adyen Capital. Working closely with Commercial, Product, Compliance, and other cross-functional partners, you will help design scalable, data-driven risk operational processes that support Adyen’s global growth ambitions.

The Credit Risk team is in an early stage of its journey, offering significant opportunities to shape processes, influence product direction, and grow alongside the business. You will join an international, diverse team that values ownership, pragmatism, and collaboration, and operates across regions and cultures.

The ideal candidate combines expert-level financial assessment skills with the strategic mindset to improve credit frameworks. You are a clear communicator who can justify risk decisions and transform portfolio monitoring insights into robust credit policy recommendations.

What you’ll do

• Perform in-depth credit underwriting by analyzing financial statements (i.e. P&L, Balance Sheet, CashFlow) and portfolio monitoring of different financial products, including loans to SMBs and other credit products to enterprise customers.
• Analyze the impact of business model, industry and macro-economic developments on the credit portfolios and the credit risk offering of Adyen.
• Develop and implement credit risk strategies to enhance portfolio performance while ensuring alignment with risk appetite and business objectives.
• Drive continuous improvement of global and EU-specific credit risk underwriting and monitoring frameworks, including policies, procedures and practices.
• Provide credit risk expertise to a variety of stakeholders to guarantee that credit risk is properly considered in new commercial product developments.
• Lead projects from beginning to end, and find optimal solutions that benefit customers and improve risk management practices.

Who you are

Financial Expertise

• Minimum of 3+ years of experience in commercial credit underwriting, preferably within banking, fintech, or SME credit lending-driven environments.
• Proven experience in fundamental credit analysis and financial statement interpretation.
• Experience with qualitative risk assessment (i.e. business model analysis, management assessment, industry trends) across products such as SMB lending, working capital solutions, overdrafts, charge cards, and/or asset-backed financing.
• Experience operating in high-volume, scalable credit environments is a strong plus, including exposure to payments, automation, and data-driven decisioning frameworks.
• Ability to balance risk and return, applying sound judgment to make credit decisions in line with defined risk appetite and business objectives.
• Familiarity with EU regulatory frameworks and guidelines related to credit risk; hands-on regulatory experience is a strong plus but not required.

Mindset

• Comfortable operating in a fast-scaling environment, contributing to the design of robust processes and building with automation and scalability in mind.

Communication

• Clear and effective communicator who is able to communicate straight and to the point.

This is Adyen

Adyen provides payments, data, and financial products in a single solution for customers like Meta, Uber, H&M, and Microsoft. For its teams, Adyen creates an environment with opportunities for people to succeed, backed by the culture and support to ensure they are enabled to truly own their careers. The company values tackling unique technical challenges at scale and solving them as a team to deliver innovative and ethical solutions that help businesses achieve their ambitions faster.