Remote opportunity at
MonzoCredit Risk Oversight Manager
Monzo is a UK financial services company whose products include current accounts for individuals and for businesses, joint accounts, youth accounts for 16 and 17 year…
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About This Role
Monzo is a UK financial services company whose products include current accounts for individuals and for businesses, joint accounts, youth accounts for 16 and 17 year olds, a no-cost children's account, credit cards, and features for saving, investing and combining pensions. The company says it aims to solve customer problems and change lives, rather than simply sell products. This Credit Risk Oversight Manager role sits in the second line of…
Job Description
Monzo is a UK financial services company whose products include current accounts for individuals and for businesses, joint accounts, youth accounts for 16 and 17 year olds, a no-cost children's account, credit cards, and features for saving, investing and combining pensions. The company says it aims to solve customer problems and change lives, rather than simply sell products.
This Credit Risk Oversight Manager role sits in the second line of defence and checks the work of the lending teams. Monzo's borrowing business is growing fast, and the Credit Risk Oversight team is expanding to provide independent assurance and constructive challenge on credit risk across the lifecycle of each lending product.
Responsibilities include ongoing oversight of lending performance, building and refining monitoring metrics, supporting credit strategy changes for new products and pilots within the risk appetite, leading second-line thematic reviews, working with model validation and development teams, contributing to stress testing and forecasting, and helping maintain the Credit Risk Framework so that managing risk becomes part of everyone's day-to-day work.
The ideal candidate has a strong background in consumer or small business credit risk, ideally including unsecured products such as cards, loans or overdrafts. They should be able to build monitoring, spot early signs of trends, apply scorecard and NPV models to credit decisions, work with SQL as a must-have skill, and explain complex issues in plain language. Interest in using AI tools to improve credit and risk processes is welcome.
Pay is £79,900 to £95,000 plus incentive awards tied to performance. The role can be based in London, or done remotely from elsewhere in the UK with occasional meetings in London. The hiring steps are a recruiter call, a call with the hiring manager, a take-home task and two competency interviews covering technical skill and behaviours and values, usually over four to eight weeks.
Responsibilities
- Provide ongoing second-line oversight of credit risk, including lending performance and monitoring metrics
- Partner with first-line teams on credit strategy changes, new products and pilots within risk appetite
- Deliver data-driven challenge and counter-proposals to shape credit strategy decisions
- Lead second-line assurance on thematic reviews
- Work with model validation and development teams on the models behind credit strategies
- Contribute credit expertise to stress testing and forecasting
- Help maintain and embed the Credit Risk Framework
Requirements
- Strong background in consumer or small business credit risk management
- Proven analytical skills for interrogating data and spotting early indicators of trends
- Practical familiarity with scorecard and NPV modelling for lending decisions
- Strong SQL skills, which are a must-have
- Clear written and verbal communication, including for non-experts
- Track record of building trusted stakeholder relationships while providing respectful challenge
Qualifications
- Experience with unsecured lending such as cards, personal loans or overdrafts
- Experience with data visualization tools such as Looker, Power BI or Tableau
- Interest in applying AI tools to credit and risk processes
Core Skills
Benefits
- Incentive awards tied to performance
- A learning budget of £1,000 each year for books, courses and conferences
- Flexible working hours
- Equipment and home-working support, including a MacBook
- A longer list of benefits published by the company
Frequently Asked Questions
Answers are based only on the employer’s listing; where it doesn’t say, neither do we.
Where is this role based?
The role can be based in London, or done remotely from elsewhere in the UK with occasional meetings in London.
What is the salary range?
The posting gives £79,900 to £95,000, plus incentive awards tied to performance.
What technical skills are needed?
SQL is a must-have. Experience with a visualization tool such as Looker, Power BI or Tableau is a plus.
What does the hiring process involve?
A recruiter call, a call with the hiring manager, a take-home task and two competency interviews, usually over four to eight weeks.
Sample Interview Questions
AI-generated questions tailored to this specific role — a preview of the full practice set.
