Credit & Underwriting Strategist
Mercury- Full Time
- Senior (5 to 8 years)
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.
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.
Digital-only banking platform for consumers
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.