[Hiring] Credit Risk Oversight Manager @Monzo

Role Description

We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. Our Borrowing (lending) business is growing rapidly across both existing products and with the planned launch of new initiatives. As our lending portfolio grows, our second line of defence Credit Risk Oversight team is growing with it - and we’re looking for a Credit Risk Oversight Manager to join us!

Our Credit Risk Oversight team is crucial in providing support and challenge to our Borrowing teams in the first line of defence to help Monzo grow safely. We’re looking for someone with proven experience in consumer credit risk who likes getting into the details and analysing data to deliver independent assurance - and challenge - of credit risk management across the lifecycle.

🔑 You’ll play a key role by...

• Providing ongoing oversight of credit risk, including analysing and understanding the performance of our existing lending products.
• Developing and enhancing monitoring metrics and providing input to relevant committees and forums.
• Partnering with our first line of defence teams to support credit strategy changes, including new product launches and pilots.
• Delivering deep insight, feedback and challenge on our credit strategies, including data-driven analysis and actionable counter-proposals.
• Leading second line assurance work on thematic reviews.
• Collaborating with our model validation and model development teams.
• Providing credit expertise and input into relevant strategic projects and critical Monzo-wide processes.
• Supporting us in maintaining our Credit Risk Framework.
• Taking a balanced and proportionate approach to risk management.

Qualifications

• Strong background in credit risk management within consumer or small business lending.
• Proven analytical skills to interrogate data and build monitoring.
• Hands-on experience with credit risk scorecards and NPV models.
• Solid technical toolkit; SQL or similar is a must-have.
• Experience using a data visualisation tool (such as Looker, PowerBI or Tableau) is a plus.
• Ability to convey problems and solutions using clear and simple language.
• Track record of building and maintaining trusting relationships with stakeholders.
• Passionate about technology and Monzo's mission.

Requirements

• Experience in unsecured products, such as credit cards, loans or overdrafts.
• Excited to explore how we can use AI tools to improve our credit and risk management processes.

Benefits

• £79,900-95,000 + Incentive Awards tied to your performance.
• Flexible working hours and trust to work enough hours to do your job well.
• £1,000 learning budget each year for books, training courses and conferences.
• Setup to work from home; all employees are given Macbooks.
• Support for your work-from-home setup.
• Plus lots more!