At a Glance
- Tasks: Oversee credit risk performance and develop monitoring metrics for lending products.
- Company: Join Monzo, a fast-growing fintech transforming the banking experience.
- Benefits: Enjoy a £1,000 learning budget, flexible hours, and remote work with Macbooks provided.
- Other info: Collaborative culture with opportunities for professional growth and innovation.
- Why this job: Make a real impact on safe, customer-focused lending strategies in a dynamic environment.
- Qualifications: Strong background in credit risk management and proficiency in SQL required.
The predicted salary is between 56700 - 69300 £ per year.
As a Credit Risk Oversight Manager, you will provide independent assurance and challenge on Monzo’s lending risk across the lifecycle. You’ll work closely with first-line teams to shape and monitor risk strategies for consumer and small business products. You’ll deliver data-driven insights to inform management decisions and help scale safe, customer-focused lending. This role offers the opportunity to influence risk governance, stress-testing, and model understanding in a fast-growing lending portfolio.
Pay / Benefits
- £1,000 learning budget per year
- Flexible working hours
- Work-from-home setup with Macbooks provided
- Remote-friendly with UK-based offices for meetings
- Incentive awards tied to performance
- Extensive onboarding and interview process
Responsibilities
- Oversee credit risk performance of existing lending products and develop monitoring metrics
- Partner with first-line teams to support credit strategy changes for new products and pilots
- Provide insights and challenges on credit strategies with data-driven analyses
- Lead second-line assurance on thematic reviews
- Collaborate with model validation and development teams to understand underpinning models
- Contribute credit expertise to strategic projects and Monzo-wide processes like stress-testing and forecasting
- Maintain and embed the Credit Risk Framework across the business
- Promote a balanced, proportionate approach to risk management across the organization
Key requirements
- Strong background in credit risk management in consumer or small business lending
- Analytical skills to interrogate data and identify early indicators of trends
- Hands-on experience with credit risk scorecards and NPVs for strategy development
- Proficiency in SQL; experience with data visualization tools (Looker, PowerBI, Tableau) is a plus
- Interest in applying AI tools to improve risk management processes
- Clear communication skills for non-experts and stakeholders
- Track record of stakeholder relationship-building and constructive challenge
- Passion for technology and Monzo’s mission to transform banking
Credit Risk Oversight Manager employer: Monzo Bank
Monzo is an exceptional employer that prioritises innovation and collaboration, making it a fantastic place for a Remote CRM Executive to thrive. With a strong focus on employee growth, we offer a generous learning budget and flexible working hours, ensuring you can develop your skills while maintaining a healthy work-life balance. Our commitment to diversity and inclusion fosters a supportive environment where every team member can contribute to meaningful change in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Oversight Manager
✨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.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Monzo Bank. 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 Oversight Manager
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 Monzo Bank.
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 Monzo Bank'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 Monzo Bank
✨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 Monzo Bank.
✨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 Monzo Bank 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 Monzo Bank 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.
