Credit Model Validation Lead (ML & NPV)

Jobicy; United States; Hybrid; USD 105,000 - 123,000; Full time

Job summary

Monzo is seeking a Credit Model Validation Manager to lead hands-on validation of models used in our Borrowing strategies. You’ll ensure models are fit for purpose, well-governed, explainable and performing as expected, while supporting IFRS9 and stress testing efforts.

You’ll partner with modelling teams across the organization to uphold a strong model risk framework and advocate for best practices. Strong SQL/Python and stakeholder skills are essential.

Qualifications

• Experience in credit model development or validation, incl. ML or statistical models used in credit decisioning.
• Exposure to decision science scorecards, origination/underwriting PD models, NPV/unit economics modelling.
• Strong data skills and ability to explain modeling results clearly.

Responsibilities

• Lead hands-on independent validation of credit models across lending strategies to ensure fitness for purpose and governance.
• Provide oversight and validation of IFRS9, stress testing, and economic response models.
• Develop deep understanding of Monzo’s credit models and challenge developers to improve models.
• Monitor model performance and support first line teams when action is required.
• Conduct statistical analyses and develop challenger models to test assumptions.
• Contribute to the Model Risk Framework, policies, and regulatory alignment.
• Write clear model validation reports and present findings to committees.
• Collaborate with credit strategy/modelling teams to embed validation standards.

Skills

Credit model validation

Data-driven analysis

Strong communication

Stakeholder management

Problem solving

Tools

SQL

Python

Tableau

Looker

Job description

Monzo is seeking a Credit Model Validation Manager to lead hands-on validation of models used in our Borrowing strategies. You’ll ensure models are fit for purpose, well-governed, explainable and performing as expected, while supporting IFRS9 and stress testing efforts.

You’ll partner with modelling teams across the organization to uphold a strong model risk framework and advocate for best practices. Strong SQL/Python and stakeholder skills are essential.