Credit Model Validation Manager

ABOUT THE ROLE We're seeking a seasoned Credit Model Validation Manager to join Monzo's rapidly expanding Borrowing team. As a key member of our Credit Model Validation team, you'll play a critical role in ensuring the integrity and effectiveness of our credit models, driving business growth while prioritizing customer well-being and risk management. WHAT YOU'LL DO As a Credit Model Validation Manager, you'll be responsible for leading the independent validation of credit models used for customer-level decisioning and defining our credit strategies. This will involve hands-on validation of machine learning, decision science, and NPV models across all our lending products. Your key responsibilities will include: - Leading the validation of credit models, ensuring they are fit for purpose, appropriately governed, explainable, and performing as expected - Supporting the oversight and validation of broader credit risk models, including IFRS9, stress testing, and economic response models - Developing a deep understanding of Monzo's credit models and providing impactful input to model developers to improve our modelling capabilities - Reviewing ongoing model performance monitoring to ensure our lending models perform within risk thresholds and providing support to first-line defence teams - Performing statistical analyses to independently assess model performance and developing challenger models to test model assumptions and strengthen validation conclusions - Improving our Model Risk Framework, including overseeing policies, standards, and procedures to embed best practice across the business - Writing clear and impactful model validation reports and presenting findings and actions in relevant committees - Partnering with colleagues in first-line defence credit strategy and modelling teams to support the embedding of our model risk framework and establishing consistent validation standards across the organisation WHAT YOU'LL NEED To succeed in this role, you'll need: - A strong background and practical experience in credit model development and/or validation, particularly with exposure to decision science scorecards, origination/underwriting PD models, and NPV/unit economics modelling - Data-driven skills, with a deep understanding of statistical techniques for credit and model risk, and hands-on experience with SQL and Python - A strong understanding of how models are used in real-time decisioning and lending strategies, and how to balance commercial and risk outcomes - Excellent written and verbal communication skills, with the ability to articulate problems and solutions using clear and simple language WHY REMOTE As a remote employee, you'll have the flexibility to work from anywhere in the UK, while still being part of a dynamic and growing team. Our remote work setup allows for a better work-life balance and reduced commuting time, enabling you to focus on delivering exceptional results. BENEFITS - Salary: £79,000 - £93,000 - Incentive Awards tied to your performance - Benefits, including those listed on the Monzo careers page