Join Us in Revolutionizing Finance for All.

We’re saying farewell to the outdated and perplexing practices of conventional banking.

With our vibrant coral cards, the ability to get paid early, and a commitment to financial education across social media platforms, coupled with our award-winning customer support, we have created countless memorable experiences for our customers!

Our focus extends beyond mere product sales; we are dedicated to solving real issues and transforming lives through Monzo.

Our Borrowing (lending) team is expanding, and we are eager to welcome Credit Managers and Analysts into our credit risk function. Your mission will be to enhance lending solutions for our business banking clientele. The perfect candidate will possess expertise in extending credit to small and medium-sized sole traders and limited companies, with a background in automated decision-making and Credit Risk Management.

You will be an essential part of the credit risk team, responsible for shaping the credit strategy surrounding our business lending offerings. As our Business Banking customer segment expands, we are committed to developing lending solutions that meet our customers’ funding requirements. We aim to foster a positive and empowering experience related to business credit, and we seek analytical, driven, and inventive minds to help us reach this vision.

Leveraging your expertise in developing credit risk strategies tailored for small and medium enterprises alongside building leading credit capabilities, you will play a pivotal role in advancing Monzo’s borrowing initiatives. You will take charge of formulating our credit and pricing strategies as we launch innovative lending products. Collaboration will be key as you work with cross-functional teams to ensure we are cultivating profitable lending portfolios and delivering outstanding products for our customers.

Your Responsibilities Include:

• Leading initiatives that design and implement credit and pricing strategies for our business lending products.
• Monitoring existing strategies’ performance and making iterative improvements.
• Supporting the design and implementation of new products and customer experiences.
• Driving initiatives to enhance credit underwriting, stimulate growth, and manage portfolio risk.
• Collaborating with colleagues from engineering, marketing, product, risk, and control to deliver on key initiatives.
• Developing and tracking our credit models to forecast cash flows and assess the net present value of new lending cohorts.
• Writing credit proposals that will shape Monzo’s underwriting policy.
• Assisting in the roll-out of new lending strategies by identifying data patterns and converting them into actionable insights.
• Building and maintaining the database tables and dashboards that provide insights and facilitate swift, data-driven decisions.
• Assessing the projected performance of specific lending product portfolios over time.

You Should Consider Applying If:

• You have established expertise in providing lending products to small businesses.
• You possess a comprehensive understanding of business lending mechanics, including regulatory requirements and industry best practices.
• You have a solid grasp of lending economics and experience in developing and executing underwriting strategies and credit models.
• Your analytical skills are strong, supported by technical capabilities, with SQL proficiency being essential. Familiarity with Python and Looker is a plus.
• You bring a dynamic energy to your team and are enthusiastic about enhancing our products and implementing changes for our customers.
• You are an effective communicator, adept at breaking down complex problems and articulating critical decision points.
• You have experience in project management and coordination across diverse teams.
• You thrive in collaborative environments with a mix of skills and personalities.
• You have a working understanding of lending regulations in the UK.
• You are motivated and excited about making a positive impact for our customers and at Monzo.

The Interview Process:

Our interview process consists of four key stages:

• Initial Call
• Take Home Task
• Final Stage (three interviews) focusing on a case study, role-specific questions, and alignment with our company values.

On average, our process takes about 3-4 weeks, and we always accommodate your availability. You can connect with our recruitment team at various points during the process. For any inquiries ahead of time, feel free to reach out to us.

What Awaits You:

• Assistance with relocation to the UK.
• Sponsorship for visas.
• This position can be based in our London office, but we are also open to remote work within the UK (with occasional meetings in London).
• Flexible working hours, allowing you to balance your responsibilities and team commitments effectively.
• A learning budget of £1,000 per year for books, training courses, and conferences.
• And much more! Check out our comprehensive list of benefits here.

Commitment to Equal Opportunities:

Diversity and inclusion are at the forefront of our values, and we are dedicated to providing ample support for everyone to flourish at Monzo. We embrace diversity by cultivating an inclusive environment where all employees can perform at their best. This commitment is essential to our mission of making money work for everyone.

As an equal opportunity employer, we evaluate all applicants without regard to age, ethnicity, religion, gender, sexual orientation, gender identity, parental status, national origin, or disability status.

If you have a preferred name, please use it when you apply. Full or birth names are not necessary at the application stage.

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Identity Survey:

At Monzo, our goal is to ensure that our workplace works for everyone. The demographic survey allows us to better understand and improve our hiring process for various groups. Completing this survey is voluntary, anonymous, and will not influence your application outcome.

• Voluntary. We have provided a “prefer not to say” option for each question. Fill it out if you can; it’s helpful for our understanding.
• Anonymous to Monzo. Your responses are not linked to you, and we will use aggregated data for equal opportunities monitoring.