About Monzo Monzo is revolutionizing banking by making money work for everyone. With a focus on transparency and customer satisfaction, Monzo aims to solve financial problems rather than just sell products. Their vibrant community helps shape the development of their innovative banking services.
Job Description Title: Lead Credit Strategy Analyst
Location: London, United Kingdom (Option for Remote)
Monzo is seeking an experienced Lead Credit Strategy Analyst to join their Borrowing Data Team. This role involves developing unsecured retail credit risk strategies and building top-tier credit capabilities to drive the success of Monzo’s borrowing products.
Responsibilities:
- Lead initiatives to enhance credit underwriting, boost growth, and manage portfolio risk.
- Collaborate with engineering, marketing, product, risk, and control teams to design and implement strategies.
- Develop credit control and portfolio management frameworks.
- Create and monitor customer-level lending strategies and credit models.
- Write and implement credit proposals as Monzo’s underwriting policy.
- Analyze data to support new lending strategies and assess portfolio performance.
- Maintain databases and dashboards for rapid, data-driven decision-making.
Skills and Qualifications:
- Experience in unsecured retail lending (e.g., personal loans, credit cards, overdrafts, buy now pay later, motor finance).
- Strong understanding of lending economics and experience with underwriting strategies and credit models.
- Proficiency in SQL; experience with Python and Looker is a plus.
- Strong analytical skills and technical coding abilities.
- Effective communicator with project management and team collaboration experience.
- Familiarity with UK lending regulations.
- Highly motivated and enthusiastic about making a positive impact.
Compensation:
- Salary: £65,000 – £85,000 annually.
- Stock options and comprehensive benefits package.
- Flexible working hours and the option for remote work within the UK.
- Learning budget of £1,000 per year for professional development.
- Support for relocation to the UK and visa sponsorship available.
Application Process: Monzo’s interview process includes four main stages:
- Recruiter Call
- Initial Call
- Take Home Task
- Final stage (three interviews: case study, role-specific, and values interview)
The average process takes around 3-4 weeks, and Monzo will accommodate your availability. For questions, contact tech-hiring@monzo.com.
Equal Opportunity Statement: Monzo is committed to creating an equitable environment where every team member can thrive. They prioritize diversity and inclusion, ensuring support for all employees to grow. Monzo welcomes applicants from all backgrounds and considers all candidates without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity, or disability status.
