About Monzo
The digital bank that makes money work for you
Key Highlights
- Over 6 million active users in the UK
- $1.9 billion raised in funding
- Headquartered in the City of London
- Offers a full range of banking services including business accounts
Monzo is a digital-only bank headquartered in the City of London, UK, serving over 6 million active users with a full suite of banking services, including current accounts, savings accounts, and a buy-now-pay-later option. The company has raised $1.9 billion in funding and continues to expand its of...
🎁 Benefits
Monzo offers flexible working hours, a £1,000 annual learning budget, and 24 days of holiday plus bank holidays. Employees benefit from paid sick leav...
🌟 Culture
Monzo fosters a culture of innovation and agility, leveraging new technologies to provide a seamless banking experience. As a challenger bank, it prio...
Overview
Monzo is seeking a Credit Risk Oversight Manager to lead the risk management efforts in their Borrowing business. You'll be responsible for overseeing credit risk strategies and ensuring compliance with regulations. This role requires experience in risk management and a strong understanding of financial products.
Job Description
Who you are
You have a strong background in risk management, particularly in the financial sector, with a focus on credit risk oversight. Your experience includes developing and implementing risk strategies that align with business objectives, ensuring compliance with regulatory requirements, and fostering a culture of risk awareness within the organization. You understand the complexities of financial products and are adept at analyzing risk factors that impact lending decisions. You possess excellent communication skills, enabling you to convey risk-related insights to stakeholders at all levels. You are proactive in identifying potential risks and are skilled at developing mitigation strategies to address them. You thrive in collaborative environments and are committed to promoting financial wellbeing for customers.
What you'll do
In this role, you will lead the credit risk oversight function within Monzo's Borrowing business, ensuring that all credit risk policies and procedures are effectively implemented and adhered to. You will work closely with cross-functional teams to assess and manage credit risk across various products, including personal and business bank accounts, credit cards, and loans. Your responsibilities will include conducting risk assessments, monitoring credit performance, and providing insights to inform decision-making processes. You will also be involved in developing and enhancing risk models, ensuring they are robust and reflective of current market conditions. Additionally, you will play a key role in regulatory reporting and compliance, ensuring that Monzo meets all necessary requirements. You will collaborate with the data team to leverage analytics in identifying trends and potential areas of concern, driving continuous improvement in risk management practices.
What we offer
Monzo offers a competitive salary range of £55,000 to £77,000, along with options and benefits that support your professional growth and personal wellbeing. You will be part of a dynamic team that is dedicated to transforming the banking experience for customers. We foster an inclusive and collaborative work environment where innovation is encouraged, and your contributions will have a direct impact on the company's mission to make money work for everyone. We believe in providing our employees with the tools and resources they need to succeed, including opportunities for professional development and career advancement. Join us in revolutionizing the way people manage their finances and be part of a company that values its employees and customers alike.
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