Credit Model Validation Manager: ML & NPV Models

Monzo; United States; Remote; USD 105,000 - 123,000; Full time

Benefits offered by this job

Learning budget

Work from home setup

MacBook provided

Flexible hours

Discretionary incentive awards

Job summary

Monzo is seeking a Credit Model Validation Manager to join our growing Lending risk team in London or remote within the UK. You will lead independent validation across underwriting scorecards, origination PD models, and NPV/unit economics models used in our Borrowing products, ensuring models are fit for purpose and well governed.

You should bring hands-on experience in model validation or development in financial services, strong Python and SQL skills, and the ability to explain complex results

Qualifications

• Strong background in credit model development and/or validation with ML or statistics.
• Proficient in SQL and Python; experience with data visualization is a plus.
• Experience validating or developing models used in credit decisioning.
• Ability to explain complex results clearly to stakeholders.

Responsibilities

• Lead hands-on independent validation of credit decisioning models.
• Support oversight of IFRS9, stress testing and economic response models.
• Develop deep understanding of credit models to challenge developers.
• Review model performance monitoring and assist first line when needed.
• Perform statistical analyses to assess model performance and test assumptions.
• Improve the Model Risk Framework and ensure alignment with regulations.
• Write clear validation reports and present findings to committees.
• Collaborate with risk teams to embed validation standards.
• Adopt AI tools to enhance the validation approach.

Skills

SQL

Python

Data Visualization

Model Validation

Credit Risk

Stakeholder Management

Tools

BigQuery

Tableau

Looker

Job description

Monzo is seeking a Credit Model Validation Manager to join our growing Lending risk team in London or remote within the UK. You will lead independent validation across underwriting scorecards, origination PD models, and NPV/unit economics models used in our Borrowing products, ensuring models are fit for purpose and well governed.

You should bring hands-on experience in model validation or development in financial services, strong Python and SQL skills, and the ability to explain complex results