[Remote] Credit Risk Director, Flex Portfolio Management at Monzo

Cardiff, Wales, United Kingdom

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£145,000 – £175,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

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

Responsibilities

Lead and grow a team that will build and evolve a broad range of customer management strategies for our rapidly growing and increasingly diverse Flex portfolio
Work closely with squad leadership to develop and execute an ambitious growth strategy for Flex
Design best in class monitoring and reporting capabilities to understand and forecast performance in a rapidly changing portfolio
Partner closely with key stakeholders including Capital, Impairments and Forecasting, Financial Health (Collections and Recoveries), Fraud, Finance and Second Line Credit Oversight
Oversee the development and maintenance of the NPV models and affordability strategies that underpin the underwriting decisions for existing Flex customers
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 Machine learning team to maximise value from our internal and external data through cutting-edge ML models
Be a member of the Borrowing Credit Leadership team which drives our vision to build a best in class credit function

Skills

Credit Risk

Portfolio Management

Pricing Strategy

Engagement Strategy

Retention Strategy

Data Analytics

Real-time Analytics

Credit Strategy

Lending

Risk Management

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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