Remote opportunity at
MonzoCredit Risk Manager, Portfolio Management
Monzo is recruiting a Credit Risk Manager to run portfolio management within its Borrowing business. The job is full-time and can be based in London or…
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About This Role
Monzo is recruiting a Credit Risk Manager to run portfolio management within its Borrowing business. The job is full-time and can be based in London or handled remotely within the UK. The posted base is £100,000 to £130,000, plus incentive awards and benefits. The role sits with the Borrowing team inside the Data discipline. The product in focus is Flex, a credit card built to give customers greater visibility and…
Job Description
Monzo is recruiting a Credit Risk Manager to run portfolio management within its Borrowing business. The job is full-time and can be based in London or handled remotely within the UK. The posted base is £100,000 to £130,000, plus incentive awards and benefits. The role sits with the Borrowing team inside the Data discipline.
The product in focus is Flex, a credit card built to give customers greater visibility and control over what they spend. Portfolio management for Flex is at a very early stage, so the position is effectively a blank canvas. The manager would begin with three credit analysts, with scope to expand the group, and help prepare the ground for a wider footprint as Monzo moves into Europe.
Duties include building frameworks that keep tabs on risk and revenue and project them forward, creating a risk-based pricing programme, and designing lifecycle plans covering upgrade paths, engagement rewards and balance-transfer offers. The manager would also devise loss-control measures such as lowering credit limits, with the aim of protecting customers who are financially stretched. They would serve as the credit risk specialist embedded in a product squad and manage relationships with second line risk, legal and compliance teams.
Applicants should be commercially minded credit leaders who understand unsecured lending well, ideally including credit card lifecycle work. The post asks for experience in risk-based pricing, retention, upgrades and loss mitigation, a firm commitment to credit and conduct risk, and a history of leading analytical staff. SQL is a must, while Python and Looker are welcome extras.
Responsibilities
- Set up frameworks that keep tabs on risk and revenue across the portfolio
- Build and refine a risk-based pricing programme
- Shape credit strategies for upgrade paths, engagement rewards and balance-transfer offers
- Devise loss-control measures, such as lowering credit limits where needed
- Coach and grow a team of three credit analysts
- Work inside a product squad and manage relationships with second line, legal and compliance
Requirements
- Commercial, strategic credit leadership with deep unsecured lending knowledge
- Comfortable starting from nothing and building approaches from first principles
- Portfolio management experience covering pricing, retention and loss control
- Champions both credit and conduct risk
- SQL, which is a must-have
- Stakeholder skills, including presenting to executive leaders
Qualifications
- Familiarity with managing credit card lifecycles
- Python and Looker experience
Core Skills
Benefits
- Incentive awards linked to performance
- £1,000 a year learning budget
- Flexible working hours
- Relocation help to the UK and visa sponsorship
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
Where is the role based?
London or UK remote, with occasional London meetings.
What is the salary?
£100,000 to £130,000 base, plus incentive awards and benefits.
Which skills are essential?
SQL is essential. Python and Looker skills are welcome extras.
How long is the process?
Around three to four weeks, including a recruiter call, a first call with the hiring manager, and a final loop meeting the team.
Sample Interview Questions
AI-generated questions tailored to this specific role — a preview of the full practice set.