Credit Risk Manager, Flex Originations

Related keywords: flex remote jobremote job banktalent acquisition remote job

Overview of the Position

The position of Credit Risk Manager, Flex Originations at Monzo is a strategic role focused on driving the credit and pricing strategies for the company's Flex market expansion. Monzo is a modern bank that aims to simplify banking through technology, providing services such as personal and business bank accounts, credit cards, and investment options. The company’s mission is to make money work for everyone, steering away from traditional banking complexities.

Job Responsibilities

As a Credit Risk Manager, you will be responsible for the following:

1. Drive Distribution Strategy: Develop and execute credit risk frameworks for expanding acquisition channels like aggregator sites and referral networks.
2. Optimise the Customer Journey: Design and implement underwriting strategies that ensure a low-friction onboarding experience while managing risk effectively.
3. Shape Product & Pricing Economics: Manage the risk architecture for various promotional features and evaluate dynamic pricing structures in the products offered.
4. Champion Economic Modelling: Supervise credit risk valuations to ensure that underwriting decisions are based on optimized lending economics.
5. Lead and Scale a High-Performing Team: Hire and cultivate a skilled team of analysts, fostering a culture focused on excellence and commercial impact.
6. Cross-Functional Collaboration: Work alongside product managers, designers, and engineers to address customer problems innovatively.
7. Executive Visibility: Monitor performance and generate actionable insights for senior leadership using credit data analysis.

Required Skills and Qualifications

Candidates for this role must possess a blend of analytical expertise and strategic insight. Key skills include:

• Extensive experience in unsecured lending with a preference for credit card expertise.
• Strong understanding of lending economics and risk-based pricing.
• Proven record of driving growth through various distribution networks.
• Exceptional stakeholder management skills with experience in collaborative project settings.
• A proven ability to lead and develop analytical talent.
• Proficient in data analysis and technical skills, particularly SQL; experience with Python and Looker is a plus.
• A knack for thriving in fast-paced, evolving environments with the ability to operate with a degree of ambiguity.

Salary and Benefits

Monzo offers a competitive salary ranging from £100,000 to £130,000, complemented by performance-based incentives and a comprehensive benefits package designed to support employee well-being. This role allows flexibility in work arrangements, whether based in the London office or working remotely from anywhere in the UK. Notably, this opportunity also includes:

• A learning budget of £1,000 annually for professional development, including books and courses.
• Flexible working hours to accommodate personal commitments.
• Support for relocation to the UK, along with visa sponsorship options for eligible candidates.

Work Environment

Monzo has a decentralized team structure, with data teams operating from various locations across the UK, creating an inclusive work culture that values flexibility and well-being. The company emphasizes a strong performance-driven environment while encouraging personal growth and collaborative practices. Regular in-person meetings are welcomed but not mandated, creating a comfortable work atmosphere.

Application Process

The hiring process is straightforward, consisting of three main stages:

1. An initial recruiter call.
2. A follow-up call with the hiring manager.
3. A final interview loop involving key stakeholders.

The average timeline for the application process is approximately 3-4 weeks. Candidates will have opportunities to engage with the recruitment team for questions or clarifications regarding their application.

Inclusive Workplace

Monzo champions diversity and inclusion, striving to create an environment where all employees can thrive. As an equal opportunity employer, the company focuses on providing fair employment opportunities across various backgrounds. Candidates may feel comfortable applying regardless of age, ethnicity, religion, gender, or other identities.

Conclusion

This position represents a valuable opportunity for a skilled professional in the fintech sector to contribute to a forward-thinking bank. With the chance to shape credit offerings and lead a talented team, the role also offers competitive remuneration and a focus on work-life balance. If you are a motivated strategic leader excelling in analytical roles and excited about innovation in personal credit, applying to Monzo could be your next career step.

This job offer was originally published on jobicy.com