Credit Model Validation Manager

About the 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 Model Validation team is growing with it - and we’re looking for a Credit Model Validation Manager to join us!

Our Credit Model Validation team provides independent oversight and challenge to our model development teams in the first line of defence. You’ll join our validation squad and provide expert independent validation and oversight across a broad suite of credit models.

This is a generalist role. You’ll work across models used for impairment, capital, stress testing, forecasting and credit decisioning, including IFRS 9 PD, LGD, EAD and economic response models; decision science scorecards and origination PD models; and Net Present Value (NPV) / unit economics models.

Your day-to-day

• Leading hands-on independent validation across Monzo’s credit model portfolio
• Reviewing and challenging key model-led credit risk assessments
• Developing a deep understanding of Monzo’s credit models
• Contributing to making model validation more consistent, scalable and technology-enabled
• Reviewing ongoing model performance monitoring
• Performing statistical analyses, model replication and challenger work
• Improving and helping to embed our Model Risk Framework
• Writing clear and impactful model validation reports
• Partnering with colleagues in first line of defence credit strategy, modelling and finance teams

You should apply if you

• Have a strong background and practical experience in credit model development and/or validation
• Understand model risk management in practice
• Are impact-driven and want to improve how validation is done
• Are curious about AI and automation
• Are data driven, with strong analytical skills and deep knowledge of statistical techniques
• Can assess models in the context of how they are used
• Have strong written and verbal communication skills
• Have a track record of building and maintaining trusting relationships with stakeholders

Our technology stack

Google Cloud Platform, dbt and BigQuery SQL, Python, Go, AWS.

What’s in it for you

• £79,000 - £93,000 + Incentive Awards tied to your performance + benefits
• 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
• £1,000 learning budget each year
• 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