Credit & Underwriting Strategist
MercurySalary not specified
- Full Time
- Senior (5 to 8 years)
£69,000 – £95,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries
Position Overview
- Location Type: London or Remote (UK)
- Job Type: Not specified
- Salary: £69,000 to £95,000 + Options + Benefits
Description: Monzo is a financial technology company on a mission to make money work for everyone. They’ve evolved from a prepaid card to offer a comprehensive suite of banking services, including personal and business accounts, joint accounts, and investment options. They prioritize customer service and financial education. The Borrowing team is focused on creating a positive experience around personal credit and is experiencing rapid growth.
Requirements
- Experience in unsecured retail lending (e.g., personal loans, credit cards, overdrafts, buy now pay later etc.)
- Understanding of the unsecured retail lending market and pricing dynamics.
Responsibilities
- Working on initiatives to improve credit underwriting, boost growth, and/or manage portfolio risk.
- Supporting the design and roll-out of new lending strategies by finding patterns in data and translating them into insights.
- Monitoring the performance of existing strategies and iterating to improve them.
- Working with engineering, marketing, product, risk, and control teams to design and deliver product changes.
- Developing, maintaining, and monitoring credit models to assess the net present value of new lending cohorts and drive strategic business decisions.
- Building and maintaining database tables and dashboards to provide insights and promote data-driven decisions.
- Supporting the design and roll-out of new products and customer journeys.
- Assessing the performance of lending portfolios over time.
Company Information
- Company: Monzo
- 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, saving, investing, and pension consolidation.
- Values: Solving problems, changing lives, creating magical moments for customers.
Skills
Unsecured retail lending
Credit underwriting
Data analysis
Model development
Portfolio risk management
Product design
Database management
Dashboard creation
Cross-team collaboration
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