Credit Risk Director, Flex Originations (Credit Cards)

1 Month ago • All levels • Risk Management • $155,000 PA - $175,000 PA

Job Summary

Job Description

The Credit Risk Director will lead the credit strategy for Flex originations, developing credit and pricing strategies for Flex products and distribution channels. They will work closely with squad leadership to execute growth strategies, oversee the development and maintenance of the NPV models, and promote a culture of high-quality analysis. The role involves collaborating with various teams, including Decision Science, Capital, and Finance, and being part of the Borrowing Leadership Team. This role is for someone who will drive Monzo's overall borrowing strategy.
Must have:
  • Multiple years of experience in unsecured lending
  • Understanding of UK lending regulations
  • Experience working at banks with growing portfolios
  • Track record leading analytical teams
  • Clear and precise communicator
Good to have:
  • Working knowledge of SQL and Python
Perks:
  • Relocation assistance to the United Kingdom
  • Visa sponsorship
  • Flexible working hours
  • Learning budget of £1,000 a year

Job Details

🚀 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. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. 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 ❤️

Hear from our UK team about what it's like working at Monzo


 

📍London or Remote (UK)  | 💰 £155-175,000 + Options +  Benefits

About the team:

Our Borrowing (lending) business is growing rapidly across both existing products and the planned launch of new initiatives. We aim to create a genuine feel-good factor when it comes to personal credit, and are looking for driven, analytical and creative individuals to help us achieve this goal.

With our Flex product we’re reinventing credit cards to give customers more visibility and control over their spending. Our portfolio is growing rapidly and we’re expanding our team to support our future growth ambitions. We’re looking for a Director to lead the credit strategy for Flex originations. You will lead the team responsible for developing the credit and pricing strategies as we evolve our existing propositions and develop new products and distribution strategies.

Our credit teams are part of our Data Discipline which drives a strong culture of data-driven decision making across the whole company. We’re great believers in powerful, real-time analytics and empowerment of the wider business. All our data lives in one place and is super easy to use. 90% of day-to-day data-driven decisions are covered by self-serve analytics through Looker which gives analysts the head space to focus on more impactful business questions and analyses.

Join a team where your ideas can rapidly transform into reality, leveraging our cutting-edge technology and agile ways of working. Our credit analysts and managers are fully embedded into a product squad alongside Product Managers, Engineers, Designers, Marketers, Customer Researchers, Data Scientists etc. This enables us to solve customer problems in a fast paced and innovative way.

How you’ll contribute:

  • Lead a team that will develop credit and pricing strategies for our growing range of Flex products and distribution channels
  • Work closely with squad leadership to develop and execute an ambitious growth strategy for Flex
  • Oversee the development and maintenance of the NPV models and affordability strategies that underpin the Flex underwriting decisions
  • Promote a culture of proactive, high quality analysis and ensure we have the right credit capabilities, infrastructure and talent in place to scale safely
  • Collaborate with the Decision Science team to maximise value from our internal and external data through cutting-edge ML models
  • Partner closely with key stakeholders including Capital, Impairments and Forecasting, Financial Health (Collections and Recoveries), Finance, Second Line Credit Oversight
  • Be a member of the Borrowing Leadership Team which drives Monzo's overall borrowing strategy

You should apply if:

What we’re doing here at Monzo excites you!

  • You have multiple years of experience in unsecured lending, especially credit cards
  • You’re as comfortable getting hands-on as well as taking a step back and thinking strategically and proactively identifying opportunities
  • You have a working understanding of the regulations that apply to lending in the UK
  • You have experience working at banks with growing lending portfolios  
  • You have track record leading analytical teams
  • You are a clear and precise communicator, able to cut through complex problems and articulate decision points for our executive team
  • Are comfortable working in a fast-moving and changing company
  • (Ideally) you have working knowledge of SQL and Python

The Interview Process:

Our interview process involves 3 main stages. We promise not to ask you any brain teasers or trick questions!

  • Recruiter call 
  • Initial call with the hiring manager 
  • Final loop of interviews meeting the team

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

What’s in it for you:

✈️ 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 here

#LI-REMOTE #LI-NJ1


Equal opportunities for everyone

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. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊

Similar Jobs

Capgemini - C++ Developer/ Networking

Capgemini

Bengaluru, Karnataka, India (On-Site)
2 Months ago
Riot Games - Senior Product Inclusion Program Manager

Riot Games

Los Angeles, California, United States (On-Site)
4 Months ago
Unity - Engineering Manager

Unity

Tel Aviv-Yafo, Tel Aviv District, Israel (On-Site)
2 Months ago
Playtika - MIS Applications Team Leader

Playtika

Israel (On-Site)
6 Months ago
Lionsgate - HR Coordinator (Motion Picture Group + Corporate)

Lionsgate

Santa Monica, California, United States (On-Site)
1 Week ago
Ion - Senior Consultant - Risk Advisory, Italy

Ion

Milan, Lombardy, Italy (On-Site)
9 Months ago
Visa - Head of Risk Consulting, Visa Consulting & Analytics, CISSEE

Visa

Almaty, Almaty Region, Kazakhstan (On-Site)
8 Months ago
Ion - Junior Consultant - Risk Advisory, Italy

Ion

Turin, Piedmont, Italy (On-Site)
9 Months ago
PwC - Risk Assurance-IT Senior Associate

PwC

Makati City, Metro Manila, Philippines (On-Site)
9 Months ago
ElevenLabs - Risk & Compliance

ElevenLabs

United Kingdom (Remote)
3 Months ago

Get notifed when new similar jobs are uploaded

Similar Skill Jobs

London stock Exchange - Technical Lead, Developer Platforms

London stock Exchange

Bangkok, Thailand (On-Site)
1 Month ago
The Walt Disney Company - Manager, Corporate Strategy & Business Development

The Walt Disney Company

Bangkok, Bangkok, Thailand (On-Site)
2 Months ago
kaizen gaming  - Senior Data Quality Analyst

kaizen gaming

Athens, Greece (Hybrid)
4 Weeks ago
Devoteam - Tech Lead Java

Devoteam

Casablanca, Casablanca-Settat, Morocco (Remote)
8 Months ago
Rackspace Technology - Data Manager

Rackspace Technology

Gurugram, Haryana, India (Remote)
2 Weeks ago
Qualcomm - Sr Emulation Engineer

Qualcomm

Bengaluru, Karnataka, India (On-Site)
2 Months ago
Adyen - Regulatory Product Compliance Manager

Adyen

London, England, United Kingdom (On-Site)
1 Week ago
Nahc.io - Technical Product Manager (Chinese Speaking)

Nahc.io

Dubai, Dubai, United Arab Emirates (On-Site)
1 Month ago
NCR Voyix - Software Engineer III

NCR Voyix

Hyderabad, Telangana, India (On-Site)
1 Month ago
InMobiInMobi - Manager-Product Marketing

InMobiInMobi

Bengaluru, Karnataka, India (On-Site)
3 Weeks ago

Get notifed when new similar jobs are uploaded

Jobs in London, England, United Kingdom

Ninja theory - Internship

Ninja theory

Cambridge, England, United Kingdom (On-Site)
1 Week ago
Foster and partners  - BID Coordinator

Foster and partners

London, England, United Kingdom (On-Site)
1 Week ago
Technicon design - Senior CMF Designer

Technicon design

Coventry, England, United Kingdom (On-Site)
1 Month ago
Brillio - Client Partner - Insurance

Brillio

London, England, United Kingdom (Hybrid)
2 Months ago
Ubisoft - Environment Artist

Ubisoft

Newcastle Upon Tyne, England, United Kingdom (Hybrid)
2 Months ago
Aspire - Director, Investment Compliance

Aspire

United Kingdom (Hybrid)
1 Month ago
4j studios - Senior Software Developer (Graphics)

4j studios

Dundee, Scotland, United Kingdom (On-Site)
1 Week ago
Cubic corporation - Service Delivery Manager

Cubic corporation

London, England, United Kingdom (On-Site)
2 Weeks ago
Hawkeye Innovations - Delivery Manager

Hawkeye Innovations

Basingstoke, England, United Kingdom (Hybrid)
2 Weeks ago
Lunar animation studios - Application Form

Lunar animation studios

Sheffield, England, United Kingdom (On-Site)
1 Week ago

Get notifed when new similar jobs are uploaded

Risk Management Jobs

PwC - Internship program - Risk Consulting

PwC

Bangkok, Bangkok, Thailand (On-Site)
9 Months ago
Cred - Risk Operations

Cred

Bengaluru, Karnataka, India (On-Site)
1 Month ago
Ion - Senior Consultant - Risk Advisory, Italy

Ion

Milan, Lombardy, Italy (On-Site)
9 Months ago
Ion - Senior Risk Analyst, Italy

Ion

Pisa, Tuscany, Italy (On-Site)
9 Months ago
PwC - Risk Assurance - AML Senior Associate

PwC

Luxembourg (On-Site)
1 Month ago
PwC - Consultant Manager / Senior Manager Risk Management | CDI | H/F

PwC

Neuilly-sur-Seine, Île-de-France, France (On-Site)
9 Months ago
PayPal - Director, Head of Risk & Compliance

PayPal

Hong Kong Island, Hong Kong (Hybrid)
4 Weeks ago
London stock Exchange - Third Party Risk Officer

London stock Exchange

London, England, United Kingdom (Hybrid)
1 Month ago
bytedance - Payment Risk Strategy Expert - Global Payment

bytedance

Singapore (On-Site)
2 Months ago

Get notifed when new similar jobs are uploaded

About The Company

We’re building the best bank in the world - a bank you'd be proud to use - and that means bringing together a talented team with diverse experiences, backgrounds and skills. We believe there should be an alternative to the banking of the past: we're focused on solving problems, rather than selling financial products, making your financial life simpler, and giving you complete control from your smartphone. Internally, we encourage an open, collaborative, inclusive working environment. We contribute to open source software, and we continually engage with our wonderful community. We’re hiring talented, creative problem-solvers to help us build the bank of the future.

United Kingdom (Remote)

United Kingdom (Remote)

Cardiff, Wales, United Kingdom (Remote)

London, England, United Kingdom (Hybrid)

United Kingdom (Remote)

London, England, United Kingdom (Remote)

London, England, United Kingdom (Remote)

London, England, United Kingdom (Remote)

Cardiff, Wales, United Kingdom (Hybrid)

London, England, United Kingdom (On-Site)

View All Jobs

Get notified when new jobs are added by Monzo

Level Up Your Career in Game Development!

Transform Your Passion into Profession with Our Comprehensive Courses for Aspiring Game Developers.

Job Common Plug