Credit Risk Manager, Flex Originations

Related keywords: flex remote jobtalent acquisition remote jobmarketing manager remote job

Introduction to Monzo and the Role

Monzo is on a mission to simplify banking by making money work for everyone. They are transforming traditional banking practices by providing flexible and straightforward financial services. The company started with a prepaid card and has expanded its offerings over the last decade, providing personal and business bank accounts, joint accounts, accounts for teenagers, and credit cards in the UK.

In this context, Monzo is looking for a Credit Risk Manager for their Flex Originations team, an integral part of their Borrowing business, which is currently growing rapidly. The team aims to enhance the customer experience concerning credit while ensuring effective risk management for both new and existing initiatives.

Job Responsibilities

As a Credit Risk Manager, you will have a wide range of responsibilities that include:

• Driving Distribution Strategy: Developing and executing credit risk frameworks for various acquisition channels, such as paid marketing and aggregator sites.

• Optimizing Customer Journey: Designing and deploying sophisticated underwriting and real-time decisioning strategies to balance a seamless onboarding experience with risk management needs.

• Shaping Product & Pricing Economics: Owning the risk architecture for complex commercial propositions and evaluating risk-reward profiles.

• Championing Economic Modeling: Overseeing credit risk valuations and ensuring that underwriting decisions align with optimized lending economics.

• Leading and Scaling a High-Performing Team: Hiring, developing, and nurturing a small team of elite analysts while promoting technical excellence and accountability.

• Cross-Functional Collaboration: Working closely with teams across product, marketing, design, fraud, and machine learning departments, serving as the primary credit risk partner.

• Executive Visibility: Monitoring performance tracking for new origination streams and translating complex data into actionable insights for senior leadership.

Why This Role Is Exciting

This position offers a unique opportunity to influence Monzo's growth trajectory significantly. The ability to lead a team of analytical minds means that you can directly impact how credit products are developed and how they perform in the market. Additionally, being part of a highly collaborative environment allows you to engage with various experts and stakeholders, enabling fast-paced problem-solving.

Required Skills and Qualifications

Candidates looking to apply for this role must possess a set of key skills and experiences, including:

• Extensive experience in unsecured lending, ideally with a background in credit cards.
• Strong understanding of lending economics, including risk-based pricing and underwriting strategies.
• Proven track record of driving growth through diverse distribution networks.
• Exceptional stakeholder management skills, with the ability to align multiple disciplines toward shared goals.
• Experience in leading and developing analytical talent.
• Strong analytical and technical skills, including SQL proficiency; knowledge of Python and Looker is a plus.
• Adaptability and a passion for navigating the ambiguities typical of fast-paced, innovative environments.

Salary and Benefits

The salary for this position ranges from £100,000 to £130,000, along with performance-based incentive awards and comprehensive benefits. Monzo offers flexible working hours, allowing employees to align their work schedules with their personal life. Moreover, they provide a learning budget of £1,000 a year for books, training courses, and conferences.

Work Environment and Culture

Monzo embraces a culture of flexibility and inclusion. While their main tech hub is located in London, the company supports remote work across the UK. They prioritize employee well-being, emphasizing the option for a work schedule that accommodates individual preferences, such as school drop-offs or avoiding rush hour traffic.

The organization is committed to fostering a diverse and inclusive environment, thereby providing equal employment opportunities without regard to age, ethnicity, religion, sex, or other protected statuses. This approach aims to create a workspace where everyone can thrive and contribute their best efforts.

Interview Process

Monzo’s interview process includes three clear stages:

• An initial call with a recruiter.
• A follow-up call with the hiring manager.
• A final interview loop with key stakeholders.

Typically, the overall process takes about 3 to 4 weeks and is designed to accommodate the candidates’ availability. Applicants are encouraged to reach out with any specific queries through the recruitment team.

Conclusion

The Credit Risk Manager position at Monzo presents an excellent opportunity for experienced professionals looking to make a significant impact in a rapidly evolving financial landscape. With a commitment to innovative practices and a strong focus on employee flexibility, Monzo stands out as an exciting organization for aspiring candidates.

This job offer was originally published on jobicy.com