[Hiring] Lead Credit Analyst, Business Borrowing @Monzo
Apr 04, 2025 - Monzo is hiring a remote Lead Credit Analyst, Business Borrowing. 💸 Salary: £92,500 to £125,000 + options + benefits. 📍Location: UK.
Role Description
Our Borrowing (lending) team is growing and we’re looking for Credit Managers and Analysts for our credit risk function, to grow lending to our business banking customers. The ideal candidate should have knowledge of providing credit to small and medium size sole traders and limited companies, automated decisioning and Credit Risk Management activities.
You will work in the credit risk team responsible for credit strategy for our business lending products. As the size of our Business Banking customer base grows, we are building lending products to support our customers' funding needs. We aim to create a genuine feel-good factor when it comes to business credit, and are looking for driven, analytical and creative individuals to help us achieve this goal.
Your day-to-day:
- Leading initiatives designing and implementing credit and pricing strategies for our business lending products
- Monitoring the performance of our existing strategies, and iterating to improve them
- Supporting the design and roll-out of new products and customer journeys
- Leading initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk
- Working with people from engineering, marketing, product, risk and control to design and deliver initiatives
- Developing and monitoring our credit models to forecast cash flows and assess net present value of new lending cohorts
- Writing credit proposals which will be adopted as Monzo underwriting policy
- Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights
- Building, maintaining & responsible for the database tables and dashboards that provide insights and promote rapid, data-driven decisions
- Assessing how the lending portfolio of particular products will perform over time
Qualifications
- You have strong domain expertise in providing lending products to small businesses
- You have a deep understanding of how business lending works, including regulation and industry best practice
- You have a solid understanding of lending economics and have experience developing and deploying underwriting strategies and credit models
- You have strong analytical and data capabilities, backed up by technical coding skills. SQL is a must-have, Python and Looker experience is a plus
- You can bring a dynamic energy to the team, and are keen for the chance to improve our products and help ship changes to our customers
- You are a strong communicator, able to cut through complex problems and articulate decision points
- You have some experience in project management and coordination across teams
- You work well collaborating in a team with diverse skill-sets and personality types
- You have a working understanding of the regulations that apply to lending in the UK
- You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo
Requirements
The Interview Process:
- Recruiter Call
- Initial Call
- Take Home Task
- Final stage (x3 interviews) consisting of a case study, role specific and values interview
Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on tech-hiring@monzo.com.
Benefits
- £92,500 to £125,000 ➕ plus stock options + benefits
- We can help you relocate to the UK
- We can sponsor visas
- This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London)
- We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team
- Learning budget of £1,000 a year for books, training courses and conferences
- And much more, see our full list of benefits
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| 📍 | Be aware of the location restriction for this remote position: UK |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
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Salary
💸
£92,500 to £125,000 + options + benefits
|
Remote
Location
UK
|
|
Job Type
full-time
|
Posted
Apr 04, 2025
|
| 📍 | Be aware of the location restriction for this remote position: UK |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
