Credit Risk Oversight Manager

Monzo; Cardiff; Hybrid; GBP 80,000 - 95,000; Full time

Benefits offered by this job

Incentive awards

£1,000 learning budget

Macbooks provided

Distributed UK working

Flexible hours

Job summary

Monzo is hiring a Credit Risk Oversight Manager to strengthen our second line of defence as we scale lending across consumer and small business products. You’ll analyse portfolio performance, develop monitoring metrics and provide independent challenge to risk management.

You’ll partner with first line teams on strategy changes, support new product launches, and work with model validation and development teams to understand credit models.

Qualifications

• Strong background in credit risk management within consumer or small business lending.
• Proven analytical skills to interrogate data and identify trends.
• Experience using credit risk scorecards and NPV models to develop strategies for making credit decisions.
• SQL is a must‑have; data visualization tools such as Looker/PowerBI/Tableau are a plus.
• Interest in exploring how AI tools can improve credit and risk management processes.
• Ability to communicate problems and solutions clearly to non‑experts.

Responsibilities

• Provide ongoing oversight of credit risk and analyze performance of existing lending products.
• Develop and enhance monitoring metrics and provide input to committees and forums.
• Partner with first line of defence teams to support risk strategy changes for new products and pilots.
• Deliver data‑driven insight and counter‑proposals to support management decisions.
• Lead second line assurance work on thematic reviews.
• Collaborate with model validation and development teams to understand underpinning credit models.
• Contribute credit expertise to strategic projects such as stress testing and forecasting.
• Help maintain and embed the Credit Risk Framework across the business.
• Promote a balanced approach to risk management across the organisation.

Skills

Credit risk management

Analytical skills

SQL

Looker

PowerBI

Tableau

AI tools

Communication

Stakeholder management

Technology enthusiasm

Job description

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

London/Cardiff/UK Remote | £79,900 - £95,000 + Incentive Awards tied to your performance + Benefits

Our Credit Oversight team

Our Borrowing (lending) business is growing rapidly across both existing products and with the planned launch of new initiatives. As our lending portfolio grows, our second line of defence Credit Risk Oversight team is growing with it - and we’re looking for a Credit Risk Oversight Manager to join us!

Our Credit Risk Oversight team is crucial in providing support and challenge to our Borrowing teams in the first line of defence to help Monzo grow safely. We’re looking for someone (maybe you?!) with proven experience in consumer credit risk who likes getting into the details and analysing data to deliver independent assurance - and challenge - of credit risk management across the lifecycle.

Ideally you’ll have experience and in-depth knowledge of retail unsecured or small business credit risk strategy within financial services. You’ll have seen first‑hand how a credit portfolio performs at different stages of the credit cycle, and have hands‑on experience in shaping or overseeing lending strategies. You’ll have a collaborative approach, and be comfortable working across a broad range of stakeholders. You’ll also be someone who likes getting into the details, analysing data and providing constructive challenges.

You’ll play a key role by…

Providing ongoing oversight of credit risk - this includes analysing and understanding the performance of our existing lending products, developing and enhancing monitoring metrics and providing input to relevant committees and forums

• Partnering with our first line of defence teams to support credit strategy changes - including new product launches and pilots - ensuring that we deliver magical lending products for our customers while meeting our Risk Appetite
• Delivering deep insight, feedback and challenge on our credit strategies - including data‑driven analysis and actionable counter‑proposals - to support management decision making and shaping better outcomes for our customers
• Leading second line assurance work on thematic reviews
• Collaborating with our model validation and model development teams to ensure understanding of the models that underpin our credit strategies
• Providing credit expertise and input into relevant strategic projects and critical Monzo‑wide processes, such as stress‑testing and forecasting
• Supporting us in maintaining our Credit Risk Framework and making sure it is well embedded within the business
• Taking a balanced and proportionate approach to risk management, making sure that managing risks becomes part of everyone at Monzo’s day‑to‑day role

We’d love to hear from you if you …

• Have a strong background in credit risk management within consumer or small business lending - experience in unsecured product, such as credit cards, loans or overdrafts would be particularly beneficial
• Have proven analytical skills, and can use these to interrogate data, build monitoring and look for early indicators of trends
• Have hands‑on experience and/or understanding of how to use credit risk scorecards and NPV models to develop strategies for making credit decisions
• Have a solid technical toolkit; SQL or similar is a must‑have, and experience using a data visualisation tool (such as Looker, PowerBI or Tableau) is a plus
• Are excited to explore how we can use AI tools to improve our credit and risk management processes
• Can convey problems and solutions using clear and simple language, both written and verbal (see Monzo’s tone of voice guide). This is particularly important for communicating complex issues and priorities to non‑experts
• Have a track record of building and maintaining trusting relationships with stakeholders, while providing effective and respectful challenge
• Are passionate about technology, and what we’re doing here at Monzo excites you!

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team.

What’s in it for you

• £79,900-95,000 + Incentive Awards tied to your performance.
• 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, and at times that suit you and your team.
• £1,000 learning budget each year to use on books, training courses and conferences.
• We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work‑from‑home setup.
• Plus lots more! Read our full list of benefits.

The application journey has 4 key steps

• An initial call with our recruiter
• A call with one of our Credit Risk Oversight Managers, the hiring manager(s) for the role
• A take-home task
• Two competency, based interviews - one role specific technical interview and one behaviours and values interview

This process should take around 4-8 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.

Equal opportunities for everyone

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, 2026 Diversity and Inclusion Report and 2025 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