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Salary: GBP 79,900 - 95,000 / annual
Monzo is a fintech company on a mission to make money work for everyone, offering personal and business bank accounts, credit cards, savings, investments, and pensions in the UK.
The Credit Risk Oversight team is the second line of defence, providing support and challenge to the Borrowing (lending) teams. As Monzo's lending portfolio grows rapidly across existing products and new initiatives, we're seeking a Credit Risk Oversight Manager to join the team.
You will provide ongoing oversight of credit risk by analysing and understanding the performance of existing lending products, developing and enhancing monitoring metrics, and providing input to relevant committees. Key responsibilities include:
• Partnering with first-line teams to support credit strategy changes, including new product launches and pilots, ensuring alignment with Risk Appetite
• Delivering deep insight, feedback, and data-driven challenge on credit strategies with actionable counter-proposals
• Leading second-line assurance work on thematic reviews
• Collaborating with model validation and development teams to ensure understanding of credit models
• Providing credit expertise and input into strategic projects and critical processes such as stress-testing and forecasting
• Supporting maintenance and embedding of the Credit Risk Framework across the business
• Taking a balanced, proportionate approach to risk management
This is a hybrid role based in London or Cardiff, with flexibility for distributed working within the UK and ad hoc meetings in London. You'll work flexible hours and have access to a £1,000 annual learning budget, home office setup support, and comprehensive benefits.
REQUIREMENTS:
• Strong background in credit risk management within consumer or small business lending; experience with unsecured products (credit cards, loans, overdrafts) particularly beneficial
• Proven analytical skills to interrogate data, build monitoring, and identify early trend indicators
• Hands-on experience and/or understanding of credit risk scorecards and NPV models for credit decision strategy
• Solid technical toolkit: SQL or similar is mandatory; experience with data visualisation tools (Looker, PowerBI, Tableau) is a plus
• Excitement about exploring AI tools to improve credit and risk management processes
• Ability to convey problems and solutions using clear, simple language, both written and verbal
• Track record of building and maintaining trusting stakeholder relationships while providing effective, respectful challenge
• Passion for technology and enthusiasm for Monzo's mission
