Monzo

Credit Risk Manager, Flex Originations (Credit Cards)

Cardiff, Wales, United Kingdom

£97,800 – £132,300Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, Credit CardsIndustries

Requirements

Candidates should possess extensive experience in unsecured lending, ideally within the credit card sector, and a deep understanding of lending economics. They should have prior experience developing and maintaining NPV models and affordability strategies, as well as experience with database tables and dashboards for data-driven decision making.

Responsibilities

The Credit Risk Manager will lead a team of analysts to develop credit and pricing strategies for Flex products, collaborate with various teams to design and deliver new products and customer journeys, monitor and report on Flex originations performance to stakeholders, and build and maintain data infrastructure to support rapid, data-driven decisions. They will also collaborate with the Decision Science team to maximize value from data through ML models and promote a culture of proactive analysis.

Skills

Credit Risk Management
Credit and Pricing Strategies
Data Analysis
Financial Modeling
Product Development
Team Leadership
Data-Driven Decision Making

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.

Key Metrics

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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