Lead Credit Model Validation - Remote/UK

Monzo; United States; Hybrid; USD 106,000 - 124,000; Full time

Benefits offered by this job

Learning budget

Home‑office setup support

Hybrid working (London/UK)

Job summary

Monzo is hiring a Credit Model Validation Manager to independently validate a broad portfolio of credit models, including IFRS 9 impairment, ICAAP and stress testing. You will challenge risk assessments, develop reusable analytics, and help advance the Model Risk Framework while communicating findings to governance bodies.

You will work with risk, strategy and finance teams to ensure model governance, quality and compliant validation practices across the organisation.

Qualifications

• Strong background in credit model development or validation across multiple model types.
• Experience with IFRS 9 impairment, IRB or other capital models, plus stress testing and forecasting.
• Proficient in SQL and Python with ability to write reusable, tested code.
• Knowledge of model risk management, governance, ongoing monitoring and change control.
• Familiarity with AI/automation concepts and responsible use in analytics.

Responsibilities

• Lead independent validation across the credit model portfolio, incl. IFRS 9, capital and stress testing.
• Challenge impairments, ICAAP, and risk assessments using independent analyses.
• Develop deep understanding of credit models and provide actionable input to developers.
• Create scalable validation tools and tests, exploring AI-assisted approaches safely.
• Monitor model performance and support first line in governance and action.
• Improve Model Risk Framework, governance, inventory and standards across the organisation.
• Draft clear validation reports and present findings to committees.
• Collaborate with risk, credit strategy and finance teams to align validation standards.

Skills

Credit model validation

IFRS 9 impairment

IRB/capital models

Statistical techniques

SQL

Python

Model risk governance

Stakeholder management

Tools

Python

SQL

BigQuery

dbt

Go

AWS

Looker/Tableau

Job description

Monzo is hiring a Credit Model Validation Manager to independently validate a broad portfolio of credit models, including IFRS 9 impairment, ICAAP and stress testing. You will challenge risk assessments, develop reusable analytics, and help advance the Model Risk Framework while communicating findings to governance bodies.

You will work with risk, strategy and finance teams to ensure model governance, quality and compliant validation practices across the organisation.