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Senior IFRS9 Modeller

Senior IFRS9 Modeller at Monzo, salary £55,000 - £95,000.
Monzo
Remote
Hybrid
On-Site
United Kingdom
USD 74,323 - 128,376
GBP 55,000 - 95,000
Job Description
Monzo is seeking a Senior IFRS9 Modeller to join their Borrowing Credit & Data team. This role is crucial for supporting the rapid growth and evolution of Monzo's portfolio by developing and enhancing their suite of IFRS 9 models. The successful candidate will have oversight of model performance, construct PMAs/model overlays, and interact regularly with senior management.

The role involves:
  • End-to-end development and maintenance of IFRS 9 models (PD, EAD, LGD).
  • Construction of post-model adjustments / model overlays as required.
  • Implementation of new models.
  • Development and maintenance of economic-response models for scenario simulation and impairment.
  • Oversight and enhancement of model monitoring.
  • Presenting modelling results to risk forums, senior management, and executives.
  • Reviewing and challenging modelling solutions across the Borrowing collective.
  • Collaborating with portfolio strategy, model validation, finance, and external audit teams.

Requirements:
  • Strong background in IFRS 9 impairments.
  • End-to-end experience in developing and implementing credit models (PD, LGD, EAD).
  • Experience in monitoring ECLs and conducting driver analyses.
  • Strong analytical skills and a track record of delivering technical projects.
  • Proficiency in SQL and either Python or R.
  • Experience with a data visualisation tool (Tableau, PowerBI, Looker) is a plus.
  • Excellent communication skills.
  • Impact-driven and eager to make a positive impact.
  • Self-starter mindset and a team player.

Monzo offers:
  • £55,000 - £95,000 salary plus share options.
  • Relocation assistance to the UK.
  • Visa sponsorship.
  • Flexible working hours.
  • £1,000 learning budget each year.
  • Work-from-home setup support.
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Monzo

Monzo is a UK-based online bank committed to making money work for everyone. Known for its innovative approach, Monzo offers personal and business accounts, joint accounts, options for teenagers, kids accounts, and credit cards. Beyond banking, Monzo provides saving and investment tools, along with pension management. With award-winning customer service and a focus on financial education, Monzo aims to solve problems and improve lives. The company emphasizes diversity and inclusion, striving to create an environment where everyone can thrive.

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