Credit Risk Director, Business Borrowing

Cardiff, Wales, United Kingdom

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£145,000 – £175,000Compensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, Financial ServicesIndustries

Requirements

The ideal candidate possesses strong domain expertise in lending products for small businesses and a deep understanding of business lending operations, including regulations and industry best practices. A solid grasp of lending economics, experience in developing and deploying underwriting strategies and credit models, and strong analytical and data capabilities with SQL proficiency are essential. Experience with Python and Looker is a plus, as are strong communication and project management skills.

Responsibilities

The Credit Risk Director will lead the team responsible for designing credit and pricing strategies for business lending products, monitoring existing strategy performance, and supporting the development and rollout of new products. Key responsibilities include leading initiatives to improve credit underwriting, boost growth, and manage portfolio risk, overseeing credit model development and monitoring, and providing guidance on credit proposals for underwriting policy adoption. The role also involves close collaboration with stakeholders across various departments and contributing to the overall borrowing strategy as a member of the Borrowing Leadership Team.

Skills

Credit Risk

Business Borrowing

Credit Strategy

Pricing

Data Analysis

Product Development

Financial Services

Leadership

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