At a Glance
- Tasks: Lead the credit risk function for business banking and develop innovative lending strategies.
- Company: Join Monzo, a forward-thinking bank revolutionising finance for everyone.
- Benefits: Competitive salary, flexible working, learning budget, and relocation support.
- Other info: Diverse and inclusive culture with excellent career growth opportunities.
- Why this job: Make a real impact on small businesses and shape the future of lending.
- Qualifications: Experience in lending products and leading analytical teams required.
The predicted salary is between 165000 - 200000 £ per year.
We're on a mission to make money work for everyone.
We're 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 as personal and business bank accounts, we offer joint accounts, accounts for 16-17 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 get-paid-early 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!
We're not about selling products - we want to solve problems and change lives through Monzo.
London or Remote (UK) | £165,000 - £200,000 + Incentives tied to your performance + Benefits | Data Team, Borrowing
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 idealcandidate 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 will work with colleagues across Monzo to make sure we are building profitable lending portfolios and amazing products for our customers.
- 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
- You're comfortable balancing 'soft' information (e. g. customer feedback/qualitative market research) with hard data (e. g. A/B test outcomes)
- You have strong analytical and data capabilities, backed up by technical coding skills
- You can bring a dynamic energy to the team, and are keen for the chance to improve our products and help ship changes to our customers
- You are a clear communicator, able to cut through complex problems and articulate decision points
- You work well collaborating in a team with diverse skill-sets and personality types
- You're comfortable working in a fast-moving and changing company
- The Interview Process
Our interview process involves 4 main stages
- Recruiter Call
- Initial Call
- Take Home Task
- Final stage (x3 interviews) consisting of a leadership, role specific and a values and collaboration interview
Our average process takes around 4 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.
- What’s 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 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, at times that suit you and your team.
- Learning budget of £1,000 a year for books, training courses and conferences
- And much more, see our full list of benefits here
- Equal opportunities for everyone
Diversity 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, 2026 Diversity and Inclusion Report and 2025 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
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Credit Risk Director employer: Jackalope Digital LLC
At CreatorIQ, we pride ourselves on being an exceptional employer, fostering a vibrant work culture that prioritises collaboration, innovation, and personal growth. Our London office offers a hybrid work model, allowing for flexibility while ensuring strong team connections, and we provide comprehensive benefits including generous vacation days, wellness allowances, and stock options. Join us to be part of a diverse team dedicated to transforming the marketing industry and making a meaningful impact together.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Director
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Jackalope Digital LLC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Risk Director
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Jackalope Digital LLC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Jackalope Digital LLC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Jackalope Digital LLC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Jackalope Digital LLC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Jackalope Digital LLC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Jackalope Digital LLC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
