Credit Risk Manager

2 Months ago • All levels • Risk Management • $97,800 PA - $132,300 PA

Job Summary

Job Description

The Credit Risk Manager will drive the credit and growth strategy for Flex originations. This role involves leading a team of analysts to develop credit and pricing strategies, collaborating with various teams to design and deliver new products, and monitoring performance. The candidate will also be responsible for developing models, building dashboards, and promoting data-driven decision-making. The role requires experience in unsecured lending, strong analytical and data skills, and an understanding of lending regulations in the UK. The candidate will be expected to be able to lead and develop analytical teams and thrive in a fast-paced environment.
Must have:
  • Experience in unsecured lending, ideally credit cards
  • Deep understanding of lending economics and credit models
  • Strong analytical and data capabilities, SQL is a must-have
  • Understanding of UK lending regulations
  • Experience in leading and developing analytical teams
  • Strong communicator, able to articulate decision points
Good to have:
  • Python and Looker experience is a plus
  • Experience in project management and coordination across teams
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, Cardiff or Remote (UK)  | 💰 £97,800 - £132,300 + 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 Credit Risk Manager to help drive the credit and growth strategy for Flex originations. You will lead a team of analysts 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.

🔑You'll play a key role:

  • Lead a team of analysts that will develop credit and pricing strategies for our growing range of Flex products and distribution channels
  • Work closely with Flex squad leadership to develop and execute an ambitious growth strategy for Flex
  • Collaborate with people from engineering, marketing, product, risk and control to design and deliver new products and customer journeys
  • Lead the development and maintenance of the NPV models and affordability strategies that underpin the Flex underwriting decisions
  • Monthly monitoring and reporting on Flex originations performance to stakeholders up to executive level
  • Build, maintain and own the database tables and dashboards that provide insights and promote rapid, data-driven decisions.
  • Collaborate with the Decision Science team to maximise value from our internal and external data through cutting-edge ML models
  • Promote a culture of proactive, high quality analysis and ensure we have the right credit capabilities, infrastructure and talent in place to scale safely

🤩 You should apply if:

What we’re doing here at Monzo excites you!

  • You have extensive experience in unsecured lending, ideally credit cards
  • You have a deep 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 have a strong understanding of the regulations that apply to lending in the UK.
  • You have track record leading and developing analytical teams
  • You thrive in a fast-paced environment 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, particularly to senior leadership.
  • You have experience in project management and coordination across teams.
  • You work well collaborating in a team with diverse skill-sets and personality types.
  • You are highly motivated and energised by the idea of bringing a positive impact to our customers and Monzo.

🌈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-CS #LI-REMOTE


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

Corsair - Sr. Commodity Buyer

Corsair

Taipei City, Taiwan (On-Site)
4 Months ago
Thales - System Engineer

Thales

Florence, Tuscany, Italy (Hybrid)
2 Months ago
Rolls-Royce - Welding Engineer - Submarines

Rolls-Royce

Derby, England, United Kingdom (On-Site)
1 Month ago
Tesla - Sales Advisor

Tesla

Tyrol, Austria (On-Site)
5 Months ago
Cubic games - Level Designer

Cubic games

Yerevan, Yerevan, Armenia (Remote)
3 Weeks ago
Xepelin - Intern Risk Ops

Xepelin

Mexico City, Mexico (Hybrid)
3 Days ago
PhonePe - Risk Investigator - AML Operations (Transaction Monitoring & FIU Reporting)

PhonePe

Bengaluru, Karnataka, India (On-Site)
2 Months ago
Match Group - Regional Risk Program Manager, Latin America

Match Group

Brazil (On-Site)
1 Month ago
FalconX - Head of Risk

FalconX

Malta (On-Site)
4 Days ago
Monzo - Risk Reporting & Analytics Manager

Monzo

Dublin, County Dublin, Ireland (On-Site)
2 Months ago

Get notifed when new similar jobs are uploaded

Similar Skill Jobs

PwC - Service Delivery Manager

PwC

Dublin, County Dublin, Ireland (On-Site)
2 Months ago
SBM Management - AI Technical Product Manager

SBM Management

Sacramento, California, United States (On-Site)
3 Months ago
Ubisoft - Team lead programming (MOD 2025 project)

Ubisoft

Montreal, Quebec, Canada (Hybrid)
3 Days ago
Notion - IT Operations Engineer

Notion

San Francisco, California, United States (On-Site)
3 Weeks ago
PwC - Talent Acquisition Associate

PwC

Makati City, Metro Manila, Philippines (Hybrid)
8 Months ago
Alpha Sense - Mid-Market Account Executive

Alpha Sense

London, England, United Kingdom (On-Site)
2 Months ago
Eline Media - Art Director

Eline Media

Abu Dhabi, Abu Dhabi, United Arab Emirates (Hybrid)
2 Months ago
NinjaVan - Intern, Human Resources

NinjaVan

Subang Jaya, Selangor, Malaysia (On-Site)
9 Months ago
Tesla - Workshop Supervisor

Tesla

Upper Austria, Austria (On-Site)
5 Months ago
Techland - Junior Lighting Artist

Techland

Wrocław, Lower Silesian Voivodeship, Poland (On-Site)
2 Months ago

Get notifed when new similar jobs are uploaded

Jobs in London, England, United Kingdom

Marsh McLennan - Senior Client Executive/Account Manager - Aerospace

Marsh McLennan

Norwich, England, United Kingdom (Hybrid)
2 Months ago
Tide - Senior Product Marketing Manager

Tide

United Kingdom (Hybrid)
2 Months ago
Ziff Davis - SEO Analyst

Ziff Davis

London, England, United Kingdom (Hybrid)
6 Days ago
Rackspace Technology - Sales Executive Acquisition UK VI

Rackspace Technology

England, United Kingdom (Hybrid)
1 Month ago
ElevenLabs - Enterprise Solutions Engineering

ElevenLabs

London, England, United Kingdom (Remote)
4 Months ago
Scale AI - Engineering Manager, GenAI Applications

Scale AI

London, England, United Kingdom (On-Site)
1 Week ago
Square - Senior Project Manager - Construction

Square

Manchester, England, United Kingdom (On-Site)
1 Week ago
Egnyte - Sr. Customer Success Manager

Egnyte

Reading, England, United Kingdom (Hybrid)
3 Days ago
eBay - Director of Product - Shipping Platform

eBay

London, England, United Kingdom (Hybrid)
3 Days ago
Tesla - Customer Experience Specialist, Home Delivery

Tesla

Greenhithe, England, United Kingdom (On-Site)
5 Months ago

Get notifed when new similar jobs are uploaded

Risk Management Jobs

ElevenLabs - Risk & Compliance

ElevenLabs

United Kingdom (Remote)
4 Months ago
PwC - Consultant Manager / Senior Manager Risk Management | CDI | H/F

PwC

Neuilly-sur-Seine, Île-de-France, France (On-Site)
10 Months ago
Safe security - Risk Advisor

Safe security

United States (Remote)
3 Months ago
GoMotive - Underwriting Manager, Risk Operations Management

GoMotive

(Remote)
2 Months ago
DraftKings - Senior Analyst, Risk

DraftKings

Boston, Massachusetts, United States (On-Site)
2 Weeks ago
Visa - Director, Go-to-Market Strategy – Risk Solutions

Visa

Atlanta, Georgia, United States (Hybrid)
1 Week ago
PwC - (Senior) Manager (w/m/d) Governance, Risk & Compliance Advisory

PwC

Vienna, Vienna, Austria (Hybrid)
10 Months ago
Grab - Assistant Manager, Credit Risk (Contract)

Grab

Pasig, Metro Manila, Philippines (On-Site)
3 Weeks ago
bytedance - Payment Risk Strategy Expert

bytedance

Singapore (On-Site)
4 Months ago
Rippling - Risk Operations and Process Management Specialist

Rippling

Dublin, County Dublin, Ireland (On-Site)
1 Week 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.

London, England, United Kingdom (On-Site)

Cardiff, Wales, United Kingdom (Remote)

United Kingdom (Remote)

United Kingdom (Remote)

London, England, United Kingdom (On-Site)

Cardiff, Wales, United Kingdom (Hybrid)

Cardiff, Wales, United Kingdom (Remote)

London, England, United Kingdom (Hybrid)

London, England, United Kingdom (Remote)

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