Job Title:
Senior Manager of Credit Risk and Governance
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About the Role:
Monzo Europe is looking for a highly experienced Senior Manager of Credit Risk and Governance to lead the development, implementation, and oversight of the bank's credit risk framework in Europe. The successful candidate will provide 2nd line oversight of credit risk policies, processes, and models, ensuring they are fully aligned with the entity's strategic objectives.
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Key Responsibilities:
* Developing, implementing, and continuously enhancing Monzo's Retail Credit Risk Framework for Europe
* Defining, maintaining, and overseeing the implementation of the Retail Credit Risk Appetite Statement
* Providing effective second-line oversight of Retail Credit Risk activities, including policies, underwriting, and credit decisioning strategies
* Leading regular reviews of the credit portfolio's asset quality, including monitoring performance trends and assessing the adequacy of IFRS9 impairment provisions
* Establishing robust credit risk monitoring and early warning processes, delivering high-quality and timely credit management information (MI) and risk insights to senior internal and external stakeholders
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Requirements:
The ideal candidate will have a minimum of 10 years of experience in retail credit risk management, preferably in digital banking, fintech, or consumer lending environments, with at least 5 years in a leadership credit risk role.
They will have detailed experience in consumer finance, a strong knowledge of retail credit products, including loans, cards, and overdraft lending, as well as proficiency in credit risk modeling measurement tools.
The candidate must also have excellent analytical, verbal, and written communication skills, with the ability to influence and engage senior stakeholders.
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What We Offer:
* A competitive compensation package, composed of a base salary + share options
* Flexible working hours and trust to work enough hours to do the job well, and at times that suit you and your team
* Annual Leave - 34 days, including public holidays
* €1,200 learning budget each year
* Private healthcare scheme
* Pension scheme: the minimum contribution is 4% and Monzo matches any additional contributions up to a maximum of 6%
* Wellbeing benefits: financial education, women's and men's health support, mental health benefits, including coaching and counseling
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How to Apply:
Submit your application as soon as possible to make sure you don't miss out. Please ensure your application includes all required documentation and meets our diversity and inclusion criteria.