Monzo

Senior Credit Analyst, Personal Borrowing

Cardiff, Wales, United Kingdom

£69,000 – £95,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Requirements

Candidates should possess experience in unsecured retail lending, such as personal loans, credit cards, and overdrafts, along with a solid understanding of the unsecured retail lending market and its pricing dynamics.

Responsibilities

The Senior Credit Analyst will be responsible for developing and maintaining credit and pricing strategies for Monzo's unsecured lending products, including Flex, personal loans, and overdrafts, while also working on initiatives to improve credit underwriting, boost growth, and manage portfolio risk, monitoring existing strategies, and iterating for improvement. They will collaborate with various teams to design and deliver product changes, build and maintain credit models, and support the design and roll-out of new products and customer journeys, ultimately ensuring profitable lending portfolios and amazing products 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.

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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