Credit Model Validation Manager

• Strong background and practical experience in credit model development and/or validation across a range of model types, with meaningful experience with IFRS 9 impairment, Internal Ratings Based (IRB) or other capital models, alongside broader exposure to several areas such as stress testing, economic response, forecasting, decision science scorecards or NPV / unit economics modelling
• Understand model risk management in practice, including independent validation, model governance, ongoing monitoring, model change and issue management, and how regulatory expectations apply across the model lifecycle
• Impact-driven and want to improve how validation is done, not only complete individual reviews; can turn repeatable work into practical methods, tools or guidance that improve quality and consistency across the team
• Curious about AI and automation, and can assess where they add value, the risks they introduce, and the controls and human oversight needed
• Data driven, with strong analytical skills and deep knowledge of statistical techniques for credit and model risk; strong SQL and Python skills are essential; can produce clear, reusable and tested code, using collaborative practices such as version control, peer review and documentation
• Can assess models in the context of how they are used - including accounting, capital, credit strategy, risk appetite and customer outcomes - and can distinguish technical model performance from the wider risks of relying on the model
• Strong written and verbal communication skills, and able to articulate problems and solutions using clear and simple language
• Track record of building and maintaining trusting relationships with stakeholders at all levels, and can provide effective and respectful challenge

Credit Model Validation team

Second line of defence team providing independent oversight and challenge to model development teams in the first line of defence, helping Monzo grow safely and making sure models are fit for purpose, appropriately governed and deliver good outcomes for customers.

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 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

• £79,000 - £93,000 + Incentive Awards tied to your performance benefits
• Flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team
• £1,000 learning budget each year to use on books, training courses and conferences
• Plus lots more benefits