Remote opportunity at
MonzoCredit Risk Oversight Manager
Monzo is hiring a Credit Risk Oversight Manager for its second line Credit Risk Oversight group, which checks and challenges the first line Borrowing teams as…
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About This Role
Monzo is hiring a Credit Risk Oversight Manager for its second line Credit Risk Oversight group, which checks and challenges the first line Borrowing teams as the lending book expands. The job is full-time and can be carried out from London or remotely within the UK. Pay is listed as £79,900 to £95,000, with incentive awards and benefits. The core of the role is ongoing supervision of credit risk. The…
Job Description
Monzo is hiring a Credit Risk Oversight Manager for its second line Credit Risk Oversight group, which checks and challenges the first line Borrowing teams as the lending book expands. The job is full-time and can be carried out from London or remotely within the UK. Pay is listed as £79,900 to £95,000, with incentive awards and benefits.
The core of the role is ongoing supervision of credit risk. The manager would examine how current lending products are doing, build and refine monitoring measures, and contribute to committees and forums. They would also support first line credit strategy changes, such as new launches and pilots, and offer analysis-based challenge and alternative proposals to help management decide.
Other tasks include leading second line assurance on thematic reviews, collaborating with model validation and model development groups on the models that underpin credit strategy, adding credit expertise to stress testing and forecasting, and helping keep the Credit Risk Framework in working order. The posting also wants a measured, proportionate approach so that risk management becomes part of everyone's normal work.
The strongest candidate brings a solid background in consumer or small business credit risk, ideally covering unsecured lending like credit cards, loans or overdrafts. Hands-on work with credit scorecards and net present value models, strong analytical ability, and solid SQL are important. Skill in explaining complicated matters plainly to non-specialists and in building stakeholder trust also counts.
Responsibilities
- Keep watch over credit risk across the existing lending range
- Develop and enhance monitoring metrics and feed committees and forums
- Support first line credit strategy changes, including new launches and pilots
- Lead second line assurance on thematic reviews
- Work with model validation and development groups on credit strategy models
- Add credit expertise to stress testing, forecasting and the Credit Risk Framework
Requirements
- Strong background in consumer or small business credit risk management
- Experience in unsecured lending, including cards, personal loans or overdrafts, is especially helpful
- Analytical ability to dig into data, set up monitoring and spot early trends
- Hands-on or working knowledge of credit risk scorecards and net present value models
- Essential SQL
- Clear, simple communication of problems and solutions
Qualifications
- Experience with a visualisation tool such as Looker, Power BI or Tableau
- Interest in applying AI tools to credit and risk processes
Core Skills
Benefits
- Incentive awards linked to performance
- £1,000 a year learning budget for books, courses and conferences
- Flexible working hours
- MacBook, plus home-working support for fully remote staff
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 remote within the UK, with occasional London meetings.
What is the salary?
£79,900 to £95,000, plus incentive awards tied to performance and benefits.
What does the application process involve?
A recruiter call, a call with the hiring manager, a take-home task, and two competency interviews, one technical and one on behaviours and values. The posting says this takes four to eight weeks.
Does the posting give a closing date?
No fixed date is given. The posting says the role will close once enough applications are in for the next stage.
Sample Interview Questions
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