Monzo is looking for a Credit Risk Oversight Manager to provide independent assurance and oversight across the lifecycle of our consumer and small business credit products. You will analyze lending performance, enhance monitoring, and support strategic changes to help grow our lending book safely and responsibly.
What You'll Do
- Provide ongoing oversight of credit risk, analyzing performance, developing monitoring metrics, and providing input to committees.
- Partner with first line of defence teams to support credit strategy changes and new product launches, ensuring alignment with risk appetite.
- Deliver deep insight, feedback, and independent challenge on credit strategies, writing clear opinions to support management decisions.
- Lead second line assurance work and thematic reviews.
- Collaborate with model validation and development teams to understand the models underpinning credit strategies.
- Provide credit expertise and input into strategic projects and processes like stress-testing and forecasting.
- Support the maintenance and embedding of the Credit Risk Framework within the business.
- Make risk meaningful and interesting, sharing best practices in easy-to-understand language.
- Take a sensitive, balanced approach to risk management, integrating it into first-line day-to-day work.
What We're Looking For
- A strong background in credit risk management within consumer or small business lending.
- Proven analytical skills to interrogate data, build monitoring, and identify trends.
- Hands-on experience and/or understanding of using scorecards and NPV models to develop credit decision strategies.
- A solid technical toolkit; SQL or similar is a must-have.
- Ability to convey problems and solutions using clear and simple language, both written and verbal.
- Impact driven with a self-starter mindset; proactively identifies issues and opportunities.
- Ability to provide effective challenge while building strong and respectful relationships.
Nice to Have
- Experience in unsecured, revolving products such as credit cards.
- Experience using a data visualisation tool such as Looker, PowerBI, or Tableau.
Technical Stack
- SQL
- Data visualisation tool (Looker, PowerBI, or Tableau)
Team & Environment
This role sits within the second line of defence Credit Risk Team, which is part of the broader Data Team within our Borrowing division.
Benefits & Compensation
- Compensation: £55,000 to £77,000 + equity via stock options.
- A £1,000 annual learning budget for books, training courses, and conferences.
- Flexible working hours.
- Please see the provided link for the full list of benefits.
Work Mode
This is a hybrid role open to candidates based in Cardiff, London, or as a remote position within the UK.
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.
