At a Glance
- Tasks: Lead and innovate credit risk strategies for business lending products.
- Company: Join a dynamic team at Monzo, a leader in business banking.
- Benefits: Competitive salary, performance incentives, and comprehensive benefits package.
- Other info: Collaborative environment with opportunities for professional growth and leadership.
- Why this job: Make a real impact on small businesses while shaping the future of lending.
- Qualifications: Expertise in lending products and experience leading analytical teams required.
London or Remote (UK) | £165,000 - £200,000 + Incentives tied to your performance + Benefits
About our Borrowing team
Our Borrowing (lending) team is growing and we’re looking for a Director to build and lead our credit risk function for lending to our business banking customers. The ideal candidate should have in-depth knowledge of lending to small and medium size sole traders and limited companies, automated decisioning and Credit Risk Management activities. As the size of our Business Banking customer base continues to grow, we are building out lending products to support our customers' funding needs. We aim to create a genuine feel‑good factor when it comes to business credit, and are looking to build a team of driven, analytical and creative individuals to help us achieve this goal.
With your experience of developing credit risk strategies specifically for small and medium enterprises and building best in class credit capabilities, you’ll help drive the success of Monzo's borrowing propositions. You will lead a team of credit analysts and managers and play a pivotal role in refining our credit and pricing strategies, particularly as we introduce new lending products to the market.
You’ll play a key role by…
- Leading a team designing and implementing credit and pricing strategies for our business lending products
- Monitoring the performance of our existing strategies, and iterating to improve them
- Leading initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk
- Supporting the design and roll‑out of new products and customer journeys, while working together with people from engineering, marketing, product, risk and control to achieve this
- Providing leadership across our Business Banking and Borrowing Collectives
- Be a member of the Borrowing Leadership Team which drives Monzo's overall borrowing strategy
We’d love to hear from you if…
- You have strong domain expertise in providing lending products to small businesses
- You have a track record leading analytical credit teams
- You have a deep understanding of how business lending works, including regulation and industry best practice
- You are passionate about customers and understand the role credit strategies and policies play in customer outcomes
Credit Risk Director, Business Borrowing employer: EngineersOfAI
Monzo is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation and collaboration are at the forefront. With competitive compensation packages, including performance incentives and comprehensive benefits, employees are empowered to grow their careers while making a meaningful impact on the financial landscape for small and medium-sized businesses. The opportunity to lead a talented team in a rapidly evolving sector, whether based in London or working remotely across the UK, makes Monzo a truly attractive place for those seeking rewarding employment in credit risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Director, Business Borrowing
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We think you need these skills to ace Credit Risk Director, Business Borrowing
Some tips for your application 🫡
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How to prepare for a job interview at EngineersOfAI
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