Description
We're on a mission to make money work for everyone.
As a Credit Model Validation Manager, you will play a key role in providing independent oversight and challenge to our model development teams to help Monzo grow safely and ensure that the models we use deliver good outcomes for our customers.
Responsibilities:
- Lead hands-on independent validation of models used for credit decisioning within our Borrowing strategies
- Support oversight and validation of broader credit risk models, including IFRS9, stress testing and economic response models
- Develop deep understanding of Monzo's credit models, and use this to provide impactful input and challenge to model developers to improve our modelling capabilities
- Review ongoing model performance monitoring to ensure our lending models perform within our risk thresholds
- Perform statistical analyses to independently assess model performance
- Improve our Model Risk Framework, including overseeing our policies, standards and procedures
- Write clear and impactful model validation reports, and present findings and actions in relevant committees
Requirements:
- Strong background and practical experience in credit model development and/or validation
- Data driven, with strong analytical skills and deep understanding of statistical techniques for credit and model risk
- Strong SQL and Python skills are essential
- Understand how models are used in real-time decisioning and lending strategies
- Have strong written and verbal communication skills
Benefits:
- £79,000 - £93,000 + Incentive Awards tied to your performance
- Flexible working hours and trust to work enough hours to do your job well
- £1,000 learning budget each year
- MacBook and support for remote workers