Senior Credit Model Validation Lead

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

Benefits offered by this job

Learning budget £1,000

MacBooks provided

Flexible hours

Job summary

Monzo is seeking a Credit Model Validation Manager to provide independent validation and oversight across credit models, including underwriting scorecards and NPV/unit economics models. You will work with risk and modelling teams to ensure models are fit for purpose and well-governed, with exposure to ML techniques and IFRS9-related validation.

The role can be based in London or remotely within the UK, with a flexible, hybrid working arrangement and a £79,000–£93,000 salary plus incentive awards

Qualifications

• Strong background in credit model development and/or validation, including decision-science scorecards and PD/NPV modelling.
• Proficient in SQL and Python; experience with data visualization tools (Tableau/Looker) is a plus.
• Ability to communicate technical concepts clearly to non-experts.

Responsibilities

• Lead hands-on validation of credit decisioning models (ML, decision science, NPV).
• Validate IFRS9, stress testing, and economic response models.
• Develop deep understanding of Monzo’s credit models and challenge developers to improve them.
• Review model performance monitoring and support first line of defence teams.
• Perform statistical analyses and develop challenger models as needed.
• Improve Model Risk Framework and ensure regulatory alignment.
• Write clear model validation reports and present findings to committees.
• Collaborate with risk, strategy and modelling teams to embed model risk standards.
• Adopt AI tools to enhance validation approaches.

Skills

Credit modelling

Model validation

SQL

Python

Data visualization

Tools

Google Cloud Platform

dbt

BigQuery

Python

Go

AWS

Job description

Monzo is seeking a Credit Model Validation Manager to provide independent validation and oversight across credit models, including underwriting scorecards and NPV/unit economics models. You will work with risk and modelling teams to ensure models are fit for purpose and well-governed, with exposure to ML techniques and IFRS9-related validation.

The role can be based in London or remotely within the UK, with a flexible, hybrid working arrangement and a £79,000–£93,000 salary plus incentive awards