[Hiring] Fincrime and Fraud Model Validator @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. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. Our UK customers can also save, invest and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award-winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

🔑You’ll play a key role by...

• Perform independent model validations of FinCrime/Fraud models using proportionate modelling techniques depending on the level of complexity applied.
• Write clear and impactful model validation reports and present the findings in relevant committees.
• Review of any FinCrime/Fraud model changes and provide recommendations to first line teams to ensure the models remain fit for purpose.
• Build relationships with first line of defence Fincrime/Fraud modelling teams and wider risk teams to support the embedding of the model risk framework.
• Support team lead in reviewing ongoing model performance monitoring to ensure the FinCrime/Fraud models are performing within risk thresholds.
• Support the broader Model Oversight team with model validation activity in other disciplines to manage peak demand.
• Research and learn latest modelling and validation techniques.
• Support the effective operation of the Model Risk Oversight Committee as a regular attendee.
• Support the promotion and embedding of a strong risk culture.

Qualifications

• You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo.
• You are self-motivated and thrive in a fast-paced environment.
• You have great attention to detail while keeping an eye on the big picture.
• You are a great communicator, able to articulate complex problems.
• You can provide effective challenge whilst building strong, respectful relationships.
• You are keen to grow your knowledge in both business and technology.

Requirements

• Experience in developing and/or validating any of Financial Crime, Fraud, Credit, Interest Rate, Liquidity, Regulatory capital, Stress testing and/or forecasting models.
• In-depth knowledge of statistical techniques for management of risks.
• Experience of managing a modelling project through its full lifecycle.
• Strong technical skills such as SQL or Python.
• Working knowledge of machine learning models: gradient boosted trees, etc.
• Some understanding of Customer Risk assessment controls at point of Current Account application.
• Experience in transaction driven business or similar industry.

Benefits

• £59,500 to £70,000 (depending on experience) + Incentive Awards tied to your performance + benefits.
• This role can be based in our London office, but we're open to distributed working within the UK.
• Flexible working hours and trust you to work enough hours to do your job well.
• £1,000 learning budget each year to use on books, training courses and conferences.
• Plus lots more!

Company Description

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone.