Credit Analyst

Monzo; Greater London, Cardiff; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading fintech company in the UK is seeking a talented individual to develop credit and pricing strategies for their innovative lending product, Flex. You will collaborate with diverse teams to enhance profitability and create outstanding customer experiences. The ideal candidate should have experience in unsecured retail lending, strong analytical skills with SQL proficiency, and a passion for fostering positive impact in finance. Flexible working options are available, with the chance to work remotely within the UK.

Benefits

Visa sponsorship

Flexible working hours

Annual learning budget of £1,000

Qualifications

• Experience in unsecured retail lending such as personal loans or credit cards.
• Understanding of the impact of pricing on portfolio performance.
• Proficiency in SQL is essential, knowledge of Python and Looker is a plus.

Responsibilities

• Develop credit and pricing strategies for Flex.
• Collaborate across teams to build profitable lending portfolios.
• Monitor and improve existing credit underwriting strategies.

Skills

Experience in unsecured retail lending

Understanding of unsecured retail lending market

Analytical and data capabilities

SQL proficiency

Strong communication skills

Project management experience

Ability to collaborate in diverse teams

Tools

Python

Looker

Job description

Overview

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.

Responsibilities

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.

• 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

How we work

How we work:

Our main tech hub is in London, but our data teams are based all over the UK — from Brighton to the Western Isles.

We love meeting in person, but there’s no pressure to come into the office, even if you’re nearby. You’ll do your best work where you feel most comfortable.

We value flexibility, connection, and wellbeing. You’ll have the freedom to work in a way that fits your life, whether that’s school drop-offs, avoiding rush hour, or making time for what matters most.

Work the way that works for you at Monzo! 💼

Qualifications

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 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:

• 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.

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

We legally have to verify your Right to Work in the UK before you can start working for us. We're asking for this information now so we know later what type of right to work check we need to do. Your answer to this question won't affect the outcome of your application, unless you'd need visa sponsorship but are applying to a role we can't sponsor.

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