Credit Risk Lead
KeepSalary not specified
- Full Time
- Junior (1 to 2 years)
£92,500 – £125,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries
Position Overview
- Location Type: London, Cardiff, or Remote (UK)
- Job Type: Full-Time
- Salary: £92,500 to £125,000 + Options + Benefits
- Company: Monzo
Description: Monzo is a financial technology company focused on disrupting the traditional banking industry. They offer a range of products including personal and business bank accounts, joint accounts, accounts for young adults, and credit cards. They are committed to solving problems and changing lives through innovative financial solutions and exceptional customer service. The Borrowing team is focused on creating a positive and impactful experience for customers regarding personal credit.
Requirements
- Extensive experience in unsecured retail lending.
- Experience developing unsecured retail credit risk strategies.
- Ability to build best-in-class credit capabilities.
- Analytical and creative mindset.
- Experience with data analysis and translating insights into actionable strategies.
Responsibilities
- Leading initiatives to improve credit underwriting, boost growth, and manage portfolio risk.
- Supporting the design and roll-out of new lending strategies by identifying patterns in data.
- Monitoring the performance of existing strategies and iterating for improvement.
- Collaborating with engineering, marketing, product, risk, and control teams.
- Developing credit control and portfolio management frameworks.
- Developing and maintaining credit models to assess net present value of lending cohorts.
- Building and maintaining databases and dashboards for data-driven decisions.
- Supporting the design and roll-out of new products and customer journeys.
- Assessing portfolio performance over time.
- Mentoring and upskilling junior team members.
Application Instructions
- Details missing – Application instructions not provided in the original text.
Company Information
- Company: Monzo
- Mission: To make money work for everyone.
- Products: Personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, credit cards, saving, investing, and pension consolidation.
- Values: Solving problems, changing lives, and creating magical moments for customers.
Skills
Unsecured retail lending
Credit risk strategies
Data analysis
Credit modeling
Portfolio management
Data-driven decision making
Collaboration with cross-functional teams
Mentoring and 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