Senior Data Scientist - Credit & Lending
MercurySalary not specified
- Full Time
- Senior (5 to 8 years), Junior (1 to 2 years)
£119,000 – £161,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
Candidates should possess strong domain expertise in providing lending products to small businesses, a deep understanding of how business lending works, including regulation and industry best practice, and a solid understanding of lending economics with experience developing and deploying underwriting strategies and credit models. Strong analytical and data capabilities, backed up by technical coding skills, including SQL, are required, with Python and Looker experience being a plus.
Responsibilities
The Senior Credit Manager will lead initiatives designing and implementing credit and pricing strategies for Monzo's business lending products, monitor the performance of existing strategies and iterate to improve them, support the design and roll-out of new products and customer journeys, and lead initiatives to improve credit underwriting, boost growth, and/or manage portfolio risk. They will work with colleagues across teams to ensure profitable lending portfolios and amazing products for customers, oversee the development and monitoring of credit models to forecast cash flows and assess net present value, provide guidance on credit proposals, and promote a data culture through robust database tables and dashboards. Additionally, they will assess portfolio performance over time and mentor/manage a team of credit analysts.
Skills
Credit Risk Management
Credit Strategy
Automated Decisioning
Lending to SMEs
Financial Analysis
Credit Policy Development
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