[Remote] Credit Analyst at Monzo

Cardiff, Wales, United Kingdom

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£55,000 – £77,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

Experience in unsecured retail lending (e.g. personal loans, credit cards, overdrafts, buy now pay later etc.)
Understanding of how the unsecured retail lending market works including the impact of pricing dynamics on portfolio performance
Understanding of lending economics and experience developing and deploying underwriting strategies
Strong analytical and data capabilities, backed up by technical coding skills (SQL is a must-have, Python and Looker experience is a plus)
Working understanding of the regulations that apply to lending in the UK
Thrive in a fast-paced environment and keen for the chance to improve products and ship changes to customers
Strong communicator, able to cut through complex problems and articulate decision points
Some experience in project management and coordination across teams
Work well collaborating in a team with diverse skill-sets and personality types
Highly motivated and energised by the idea of bringing positive impact to customers and Monzo

Responsibilities

Working on initiatives to improve credit underwriting, boost growth and/or manage portfolio risk
Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights
Monitoring the performance of existing strategies, and iterating to improve them
Working alongside people from engineering, marketing, product, risk and control to design and deliver product changes
Developing, maintaining and monitoring credit models to assess net present value of new lending cohorts to drive strategic business decisions
Building and maintaining the database tables and dashboards that provide insights and promote rapid, data-driven decisions
Supporting the design and roll-out of new products and customer journeys
Assessing how the lending portfolio of particular products will perform over time

Skills

Key technologies and capabilities for this role

credit risk strategiescredit underwritingportfolio risk managementpricing strategiesunsecured lendingretail creditdata analysislending strategies

Questions & Answers

Common questions about this position

What is the salary range for the Credit Analyst role?

The salary range is £55,000 to £77,000 plus Options and Benefits.

Is this Credit Analyst position remote or office-based?

The role is available in London or remote within the UK.

What skills and experience are required for the Credit Analyst role?

Candidates need experience in unsecured retail lending such as personal loans, credit cards, or overdrafts, along with an understanding of the unsecured retail lending market and pricing dynamics on portfolio performance. Experience developing unsecured retail credit risk strategies and building credit capabilities is also essential.

What is the team like for this Credit Analyst position?

The role is in the Data Team, Borrowing, which is growing rapidly and focuses on creating a feel-good factor in personal credit through profitable lending portfolios and amazing customer products. You'll collaborate with engineering, marketing, product, risk, and control teams.

What makes a strong candidate for the Credit Analyst role at Monzo?

Driven, analytical, and creative individuals with experience in unsecured retail lending, credit risk strategies, and market dynamics stand out. Apply if you can develop credit and pricing strategies to build profitable portfolios and improve products.

Monzo

Digital-only banking platform for consumers

About Monzo

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

London, United KingdomHeadquarters

2015Year Founded

$1,856.7MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Competitive salary

Flexible working hours

Work from home

Stock options

32 days of paid vacation and public holidays per year

Health insurance

EAP

Learning budget

Home office stipend

Paid parental leave

Risks

Monzo breached UK banking regulations, risking reputational damage and fines.

Expansion into Europe poses regulatory challenges and potential licensing delays.

Reliance on digital platforms makes Monzo vulnerable to technological disruptions.

Differentiation

Monzo offers real-time spending updates and categorized transactions via a mobile app.

The 'Pots' feature allows users to set aside money for specific purposes.

Monzo Plus provides premium features like custom card designs and travel insurance.

Upsides

Monzo secured $400M in 2024, valuing the bank at $5 billion.

The partnership with SignLive enhances accessibility for Deaf customers.

Expansion into Europe in 2025 could significantly increase Monzo's customer base.

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