Credit Risk Director, Flex Originations (Credit Cards)
Credit Risk Director, Flex Originations (Credit Cards)
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Job Description
Were on a mission to make money work for everyone.
Were waving goodbye to the complicated and confusing ways of traditional banking.
After starting as a prepaid card our product offering has grown a lot in the last 10 years in the UK. As well aspersonal and business bank accounts we offer joint accounts accounts for 1617 year olds a free kids account and credit cards in the UK with more exciting things to come beyond. Our UK customers can also save invest and combine their pensions with us.
With our hot coral cards and getpaidearly feature combined with financial education on social media and our award winning customer service we have a long history of creating magical moments for our customers!
Were not about selling products we want to solve problems and change lives through Monzo
London or Remote (UK)Options Benefits
About the team:
Our Borrowing (lending) business is growing rapidly across both existing products and the planned launch of new initiatives. We aim to create a genuine feelgood factor when it comes to personal credit and are looking for driven analytical and creative individuals to help us achieve this goal.
With our Flex product were reinventing credit cards to give customers more visibility and control over their spending. Our portfolio is growing rapidly and were expanding our team to support our future growth ambitions. Were looking for a Director to lead the credit strategy for Flex originations. You will lead the team responsible for developing the credit and pricing strategies as we evolve our existing propositions and develop new products and distribution strategies.
Our credit teams are part of our Data Discipline which drives a strong culture of datadriven decision making across the whole company. Were great believers in powerful realtime analytics and empowerment of the wider business. All our data lives in one place and is super easy to use. 90% of daytoday datadriven decisions are covered by selfserve analytics through Looker which gives analysts the head space to focus on more impactful business questions and analyses.
Join a team where your ideas can rapidly transform into reality leveraging our cuttingedge technology and agile ways of working. Our credit analysts and managers are fully embedded into a product squad alongside Product Managers Engineers Designers Marketers Customer Researchers Data Scientists etc. This enables us to solve customer problems in a fast paced and innovative way.
How youll contribute:
- Lead a team that will develop credit and pricing strategies for our growing range of Flex products and distribution channels
- Work closely with squad leadership to develop and execute an ambitious growth strategy for Flex
- Oversee the development and maintenance of the NPV models and affordability strategies that underpin the Flex underwriting decisions
- Promote a culture of proactive high quality analysis and ensure we have the right credit capabilities infrastructure and talent in place to scale safely
- Collaborate with the Decision Science team to maximise value from our internal and external data through cuttingedge ML models
- Partner closely with key stakeholders including Capital Impairments and Forecasting Financial Health (Collections and Recoveries) Finance Second Line Credit Oversight
- Be a member of the Borrowing Leadership Team which drives Monzos overall borrowing strategy
You should apply if:
What were doing here at Monzo excites you!
- You have multiple years of experience in unsecured lending especially credit cards
- Youre as comfortable getting handson as well as taking a step back and thinking strategically and proactively identifying opportunities
- You have a working understanding of the regulations that apply to lending in the UK
- You have experience working at banks with growing lending portfolios
- You have track record leading analytical teams
- You are a clear and precise communicator able to cut through complex problems and articulate decision points for our executive team
- Are comfortable working in a fastmoving and changing company
- (Ideally) you have working knowledge of SQL and Python
The Interview Process:
Our interview process involves 3 main stages. We promise not to ask you any brain teasers or trick questions!
- Recruiter call
- Initial call with the hiring manager
- Final loop of interviews meeting the team
Our average process takes around 34 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on
Whats in it for you:
We can help you relocate to the UK
We can sponsor visas
This role can be based in our London office but were open to distributed working within the UK (with ad hoc meetings in London).
We offer flexible working hours and trust you to work enough hours to do your job well at times that suit you and your team.
Learning budget of 1000 a year for books training courses and conferences
And much more see our full list of benefits here
#LIREMOTE #LINJ1
Equal opportunities for everyone
Diversity and inclusion are a priority for us and were making sure we have lots of support for all of our people to grow at Monzo. At Monzo were embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
Were an equal opportunity employer. All applicants will be considered for employment without attention to age ethnicity religion sex sexual orientation gender identity family or parental status national origin or veteran neurodiversity or disability status.
If you have a preferred name please use it to apply. We dont need full or birth names at application stage
Required Experience:
Director
Employment Type
Full Time
