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Job Description
Monzo is seeking a Credit Model Validation Manager to join their second line of defence Credit Risk team. This role is crucial for ensuring the models used are beneficial for both Monzo and its customers. The successful candidate will provide independent validation and oversight of models across various business disciplines, including IFRS 9, ICAAP, and borrowing decisions.
Role Involves:
- Performing independent model validation.
- Reviewing ongoing model performance monitoring.
- Challenging provisions and adequacy.
- Improving the Model Risk Framework.
- Writing clear model validation reports.
- Building relationships with first line of defence teams.
- Supporting the Model Risk Oversight Committee.
Requirements:
- Strong background in credit models development and/or validation (IFRS 9, IRB, stress testing, decision science scorecards, net present value, forecasting).
- Strong analytical skills and knowledge of statistical techniques for credit and model risk management.
- Proficiency in SQL and either Python or R.
- Ability to communicate complex issues clearly.
- Self-starter mindset and a proactive approach to problem-solving.
- Team player with strong relationship-building skills.
Monzo Offers:
- £70,000 - £90,000 base salary plus stock options.
- Flexible working hours.
- Learning budget of £1,000 a year.
