Credit Risk Director, Business Borrowing

OverviewCredit Risk Director, Business Borrowing — join to apply for the Credit Risk Director, Business Borrowing role at Monzo Bank. London or Remote (UK) | £145,000 - £175,000 + Options + Benefits | Data Team, Borrowing

Our Borrowing (lending) team is growing as we look to develop our suite of borrowing products for business banking customers; sole traders and limited companies. We’re looking for a Director to lead the credit strategy for Business Borrowing. You will lead the team responsible for defining the credit and pricing as we look to evolve our existing propositions and develop new products. We aim to create a genuine feel-good factor when it comes to business credit, and we are looking for driven, analytical and creative individuals to help us achieve this goal.

Our credit teams are part of our Data Discipline which drives a strong culture of data-driven decision making across the whole company. We’re great believers in powerful, real-time analytics and empowerment of the wider business. All our data lives in one place and is super easy to use. 90% of day-to-day data-driven decisions are covered by self-serve 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 cutting-edge 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.

Your day-to-day

Leading the team designing credit and pricing strategies for our business lending products

Monitoring the performance of our existing strategies, and iterating to improve them

Supporting the design and roll-out of new products and customer journeys

Leading initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk

Overseeing the development and monitoring our credit models to forecast cash flows and assess net present value of new lending cohorts

Providing guidance and challenge on credit proposals which will be adopted as Monzo underwriting policy

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 Monzo''s overall borrowing strategy

Qualifications

You have strong domain expertise in providing lending products to small businesses

You have a deep understanding of how business lending works, including regulation and industry best practice

You have a solid understanding of lending economics and have experience developing and deploying underwriting strategies and credit models

You have strong analytical and data capabilities, backed up by technical coding skills. SQL is a must-have, Python and Looker experience is a plus

You are a strong communicator, able to cut through complex problems and articulate decision points

You have a track record in project management and leading high performing teams

You work well collaborating in a team with diverse skill-sets and personality types

Are comfortable working in a fast-moving and changing company

BenefitsWhat’s In It For You

We’ll help you relocate to the UK.

We can sponsor your visa.

This role can be based in our London office, but we''re 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, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

The application journey has 3 key steps

Recruiter call

Initial Interview with the Hiring Manager

Final Loop

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

Equal opportunitiesDiversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re 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.

We’re 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 don''t need full or birth names at application stage

Details

Seniority level: Director

Employment type: Full-time

Job function: Finance and Sales

Industries: ..... full job details .....