Senior IFRS9 Modeller at Monzo

Monzo is seeking a Senior IFRS9 Modeller to join their Borrowing Credit & Data team. This individual will be responsible for developing and maintaining IFRS 9 models, overseeing model performance, and collaborating with various teams within Monzo.

The role involves end-to-end development of IFRS 9 models, construction of model adjustments, implementation of new models, development of economic-response models, oversight of model monitoring, and presenting modelling results to stakeholders. The Senior IFRS9 Modeller will collaborate with portfolio strategy, model validation, finance, and external audit teams.

Responsibilities:

• End-to-end development and maintenance of IFRS 9 models (PD, EAD, LGD)
• Construction of post-model adjustments / model overlays as and when 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 1LOD and 2LOD risk forums/committees, senior management and Execs
• Review and challenge a wider range of modelling solutions across the Borrowing collective (including IFRS 9, NPV, pricing etc.)
• Close collaboration with portfolio strategy, model validation, finance and external audit teams

Requirements:

• Strong background in IFRS 9 impairments
• Strong end to end experience in the development and implementation of credit models (e.g PD, LGD, EAD). Experience in a validation or monitoring setting is also well regarded
• Strong experience in monitoring ECLs and conducting driver analyses
• Strong analytical skills and a track record of using these to deliver technical projects
• Solid technical toolkit. SQL and either Python or R
• Experience with a data visualisation tool (such as Tableau, PowerBI, Looker)
• Ability to convey problems and solutions using clear and simple language
• Impact driven and eager to have a real positive impact on the company, our products, our users and your team-mates
• Self-starter mindset; proactively identify issues and opportunities and tackle them without being told to do so
• Team player whom your colleagues can rely on

Benefits:

• Share options
• Relocation assistance to the UK
• Visa sponsorship
• Flexible working hours
• £1,000 learning budget each year
• Work-from-home setup support