Credit Risk Lead
KeepSalary not specified
- Full Time
- Junior (1 to 2 years)
£92,500 – £125,000Compensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Technology, Banking, LendingIndustries
Position Overview
- Company: Monzo
- Team: Borrowing (lending)
- Function: Credit Risk
- Location Type: London or Remote (UK)
- Job Type: Full-time
- Salary: £92,500 to £125,000 + Options + Benefits
Monzo is a financial technology company on a mission to make money work for everyone. They offer a range of banking services, including personal and business accounts, joint accounts, accounts for young people, and credit cards. They are focused on solving problems and changing lives through innovative financial solutions. The Borrowing team is expanding and seeking Credit Managers and Analysts to grow lending to their business banking customers. The ideal candidate will have experience providing credit to SMEs and building best-in-class credit capabilities.
Requirements
- Knowledge of providing credit to small and medium-sized sole traders and limited companies.
- Experience with automated decisioning.
- Understanding of Credit Risk Management activities.
Responsibilities
- Leading initiatives designing and implementing credit and pricing strategies for business lending products.
- Monitoring the performance of existing strategies and iterating to improve them.
- Supporting the design and roll-out of new products and customer journeys.
- Leading initiatives to improve credit underwriting, boost growth, and/or manage portfolio risk.
- Working with colleagues across teams (engineering, marketing, product, risk, and control) to design and deliver initiatives.
- Developing and monitoring credit models to forecast cash flows and assess net present value of new lending cohorts.
- Writing credit proposals.
Company Information
- Mission: To make money work for everyone.
- Product Offering: Personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, credit cards, savings, investments, and pension consolidation.
- Values: Solving problems, changing lives, creating magical moments for customers.
Skills
Credit to SMEs
Automated decisioning
Credit Risk Management
Credit modeling
Portfolio risk management
Credit underwriting
Financial analysis
Customer journey design
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