Credit Risk Oversight Manager

Monzo; United States; Ibrido; USD 106.000 - 126.000; Tempo pieno

Vantaggi offerti da questo lavoro

£1,000 learning budget

Macbooks provided

Home-office setup support

Flexible working hours

Descrizione del lavoro

Monzo is expanding its Credit Oversight team and seeks a Credit Risk Oversight Manager to help grow lending safely and provide independent assurance across the lifecycle.

You will analyze data, develop monitoring metrics, and work with stakeholders to shape lending strategies while maintaining the Credit Risk Framework. This role offers UK-wide distributed work with a London base option.

Competenze

• Strong background in credit risk management within consumer or small business lending.
• Analytical skills to interrogate data and look for early indicators of trends.
• Hands-on experience with credit risk scorecards and NPV models for strategy development.
• Solid technical toolkit; SQL is a must-have, with Looker/PowerBI/Tableau as a plus.
• Interest in exploring AI tools to enhance credit and risk management processes.
• Ability to communicate problems and solutions clearly to non-experts.

Mansioni

• Provide ongoing oversight of credit risk - analyze performance and develop monitoring metrics.
• Partner with first line of defence to support strategy changes and new product launches.
• Deliver data-driven insights and counter-proposals to inform management decisions.
• Lead second line assurance work on thematic reviews.
• Collaborate with model validation and development teams to understand underpinning models.
• Contribute to stress-testing and forecasting within the Credit Risk Framework.
• Maintain and embed the Credit Risk Framework across the business.
• Promote a balanced and proportionate approach to risk management across the company.

Conoscenze

Credit risk management

Data analysis

NPV modelling

Credit scorecards

SQL

Communication

Strumenti

Looker

Power BI

Tableau

Descrizione del lavoro

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 the company

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 the company 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 the company-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 the company’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 the company’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 the company 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 the company, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply - even if you don’t have everything that’s listed just yet.

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.

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 the company. At the company, 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.