Credit Analyst, Flex

Monzo; City Of London; Hybrid; GBP 55,000 - 77,000; Full time

Job summary

A financial technology company in London is seeking a data analyst to enhance its lending strategies in the Borrowing team. With a salary range of £55,000 to £77,000, this role requires strong analytical skills and experience in unsecured retail lending. The ideal candidate will develop credit and pricing strategies while collaborating across teams to implement innovative solutions. The company supports diversity and offers flexible working hours, learning budgets, and the possibility for remote work within the UK.

Benefits

Stock options

Flexible working hours

Learning budget

Qualifications

• Experience in unsecured retail lending like personal loans and credit cards.
• Understanding of lending economics and underwriting strategies.
• Strong analytical capabilities and technical coding skills.

Responsibilities

• Improve credit underwriting processes through data analysis.
• Develop and maintain credit models to drive business decisions.
• Collaborate with cross-functional teams to design product changes.

Skills

SQL

Python

Looker

Analytical skills

Project management

Communication

Job description

Overview

We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products – we want to solve problems and change lives through Monzo.

Hear from our UK team about what it's like working at Monzo.

London or Remote (UK) | £55,000 to £77,000 + Options + Benefits | Data Team, Borrowing

Our team

Our Borrowing business is growing rapidly across both existing products and the planned launch of new initiatives. Flex is an innovative credit card that gives our customers unprecedented visibility and control over their spending, offering features like flexible instalment plans and instant app management. If you are passionate about using data and agile technology to solve real‑world financial problems and create a genuine feel‑good factor around borrowing, this is your chance to contribute to a product that is defining the future of flexible finance.

With your experience of developing unsecured retail credit risk strategies and building best in class credit capabilities, you will be responsible for developing our credit and pricing strategies for Flex. You will work with colleagues across teams to make sure we are building profitable lending portfolios and amazing products for our customers.

Your day‑to‑day

• Working on initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk
• Supporting the design and roll‑out of new lending strategies by finding patterns in the data and translating these into insights
• Monitoring the performance of our existing strategies, and iterating to improve them
• Working alongside people from engineering, marketing, product, risk and control to design and deliver product changes
• Developing, maintaining and monitoring our credit models to assess net present value of new lending cohorts to drive strategic business decisions
• Building and maintaining the database tables and dashboards that provide insights and promote rapid, data‑driven decisions
• Supporting the design and roll‑out of new products and customer journeys
• Assessing how the lending portfolio of particular products will perform over time

You should apply if:

• You have experience in unsecured retail lending (e.g. personal loans, credit cards, overdrafts, buy now pay later etc.)
• You have an understanding of how the unsecured retail lending market works including the impact of pricing dynamics on portfolio performance
• You have an understanding of lending economics and have experience developing and deploying underwriting strategies
• You have strong analytical and data capabilities, backed up by technical coding skills. SQL is a must‑have, Python and Looker experience is a plus.
• You have a working understanding of the regulations that apply to lending in the UK.
• You thrive in a fast‑paced environment and are keen for the chance to improve our products and help ship changes to our customers
• You are a strong communicator, able to cut through complex problems and articulate decision points
• You have some experience in project management and coordination across teams
• You work well collaborating in a team with diverse skill‑sets and personality types
• You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo

Interview process

Our interview process involves 4 main stages:

• Recruiter call
• Initial call
• Take home task
• Final stage (x3 interviews) consisting of a case study, role specific interview and collaboration interview

Our average process takes around 3-4 weeks but we will always work around your availability.

What’s in it for you

£55,000 to £77,000 + stock options + benefits

✅ We can sponsor visas

This role can be based in our London office, but we’re open to distributed working within the UK (with ad hoc meetings in London).

⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

Learning budget of £1,000 a year for books, training courses and conferences

➕ And much more, see our full list of benefits here

Equal opportunities

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don’t need full or birth names at application stage.