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Credit Risk Oversight Manager

Monzo Bank· Risk & Compliance
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Hybrid (London/Cardiff/Remote (UK))£79.9k - £95kfull-timePosted 3w ago

About the role

Credit Risk Oversight Manager responsible for providing independent assurance and challenge on credit risk management across the lifecycle, primarily in consumer and small business lending, as Monzo grows its lending portfolio.

Responsibilities

  • Providing ongoing oversight of credit risk - analysing and understanding the performance of existing lending products, developing and enhancing monitoring metrics and providing input to relevant committees and forums
  • Partnering with first line of defence teams to support credit strategy changes - including new product launches and pilots
  • Delivering deep insight, feedback and challenge on credit strategies - including data-driven analysis and actionable counter-proposals
  • Leading second line assurance work on thematic reviews
  • Collaborating with model validation and model development teams to ensure understanding of the models underpinning credit strategies
  • Providing credit expertise and input into strategic projects and critical Monzo-wide processes, such as stress-testing and forecasting
  • Supporting maintenance of the Credit Risk Framework and ensuring it is embedded within the business
  • Taking a balanced and proportionate approach to risk management across the organisation

Qualifications

  • Strong background in credit risk management within consumer or small business lending (experience with unsecured products such as credit cards, loans or overdrafts is beneficial)
  • Proven analytical skills to interrogate data, build monitoring, and identify early indicators of trends
  • Hands-on experience with credit risk scorecards and NPV models for developing credit strategies
  • Solid technical toolkit; SQL is a must-have, and experience with data visualization tools (Looker, PowerBI, Tableau) is a plus
  • Interest in exploring how AI tools can improve credit and risk management processes
  • Clear written and verbal communication suitable for non-experts
  • Track record of building and maintaining relationships with stakeholders and providing constructive challenge
  • Passion for technology and Monzo’s mission

Skills

Required:Credit risk managementData analysisSQLCommunicationStakeholder management
Nice to have:Credit risk scorecards and NPV modelsData visualization

Benefits

  • £79,900 - £95,000 base salary
  • Incentive awards tied to performance
  • Flexible hybrid/remote working within the UK (London office optional)
  • £1,000 learning budget per year
  • Macbooks provided; home setup support for remote workers
  • Additional benefits as listed in full benefits package
Last updated Sep 30, 2026. Interested? Apply on the company site.
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About Monzo Bank

A bank as smart as your phone.

YC has written a good overview of our business on their blog: https://blog.ycombinator.com/monzo-makes-money-work-for-everyone/ Our mission is to make money work for everyone. We are the UK's leading digital bank for individuals and businesses, reinventing the traditional banking industry one customer at a time. We're relentlessly mission driven and always put our customers first - from what products we chose to launch next to our transparency and use of simple language. With a Net Promoter Score of 70+, it shows. From our founding in 2015, we now have over 7 million customers in the UK (13% of UK adults) and are building out our team in the US. We've seen incredible organic growth, acquiring 150,000 customers / month in 2022, with 80% of this coming from word of mouth. Our weekly active user rate is ~60% and ~40% of our active users use us as their Main Bank account, showing that we are a product that is embedded in our users' daily lives. We've grown to ~2,450 staff (~400 of which make up the product/tech team), and are backed by YC, Stripe, Tencent, Mike Moritz, and others. Internally, we encourage an open, collaborative, and inclusive working environment - we were voted the #1 startup where people in the UK want to work for the second year running in 2022. We contribute to open source software, and we continually engage with our wonderful community. We're hiring talented, creative problem-solvers to help us build the bank of the future. Join us!

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