At a Glance
- Tasks: Analyse data to improve credit strategies and support innovative lending products.
- Company: Join a rapidly growing fintech company redefining flexible finance.
- Benefits: Competitive salary, stock options, flexible hours, and a £1,000 learning budget.
- Other info: Collaborative environment with excellent career growth opportunities.
- Why this job: Make a real impact on financial solutions while enjoying remote work flexibility.
- Qualifications: Experience in unsecured retail lending and strong analytical skills required.
The predicted salary is between 55000 - 77000 £ per year.
London or Remote (UK) | £55,000 to £77,000 + Options + Benefits
Our Borrowing business is growing rapidly across both existing products and the planned launch of new initiatives. Flex is an innovative credit card that gives our customers unprecedented visibility and control over their spending, offering features like flexible instalment plans and instant app management. If you are passionate about using data and agile technology to solve real-world financial problems and create a genuine feel-good factor around borrowing, this is your chance to contribute to a product that is defining the future of flexible finance.
With your experience of developing unsecured retail credit risk strategies and building best in class credit capabilities, you will be responsible for developing our credit and pricing strategies for Flex. You will work with colleagues across teams to make sure we are building profitable lending portfolios and amazing products for our customers.
Your day-to-day:
- Working on initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk
- Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights
- Monitoring the performance of our existing strategies, and iterating to improve them
- Working alongside people from engineering, marketing, product, risk and control to design and deliver product changes
- Developing, maintaining and monitoring our credit models to assess net present value of new lending cohorts to drive strategic business decisions
- Building and maintaining the database tables and dashboards that provide insights and promote rapid, data-driven decisions
- Supporting the design and roll-out of new products and customer journeys
- Assessing how the lending portfolio of particular products will perform over time
How we work:
Our main tech hub is in London, but our data teams are based all over the UK — from Brighton to the Western Isles. We love meeting in person, but there’s no pressure to come into the office, even if you’re nearby. You’ll do your best work where you feel most comfortable. We value flexibility, connection, and wellbeing. You’ll have the freedom to work in a way that fits your life, whether that’s school drop-offs, avoiding rush hour, or making time for what matters most. Work the way that works for you at Monzo!
You should apply if:
- You have experience in unsecured retail lending (e.g. personal loans, credit cards, overdrafts, buy now pay later etc.)
- You have an understanding of how the unsecured retail lending market works including the impact of pricing dynamics on portfolio performance
- You have an understanding of lending economics and have experience developing and deploying underwriting strategies
- 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 have a working understanding of the regulations that apply to lending in the UK.
- You thrive in a fast-paced environment and are keen for the chance to improve our products and help ship changes to our customers
- You are a strong communicator, able to cut through complex problems and articulate decision points
- You have some experience in project management and coordination across teams
- You work well collaborating in a team with diverse skill-sets and personality types
- You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo
The interview process:
Our interview process involves 4 main stages: Recruiter call, Initial call, Take home task, Final stage (x3 interviews) consisting of a case study, role specific interview and collaboration interview. Our average process takes around 3-4 weeks but we will always work around your availability.
What’s in it for you:
- £55,000 to £77,000 + stock options + benefits
- 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
Remote Credit Analyst, Flex in Preston employer: Referrals Only
At Monzo, we pride ourselves on being an exceptional employer that champions flexibility and employee wellbeing. Our innovative culture fosters collaboration across diverse teams, allowing you to thrive in a supportive environment while contributing to groundbreaking financial solutions. With competitive salaries, stock options, and a generous learning budget, we empower our employees to grow both personally and professionally, making Monzo a truly rewarding place to work.
StudySmarter Expert Advice🤫
We think this is how you could land Remote Credit Analyst, Flex in Preston
✨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 Referrals Only. 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 Remote Credit Analyst, Flex in Preston
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 Referrals Only.
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 Referrals Only'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 Referrals Only
✨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 Referrals Only.
✨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 Referrals Only 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 Referrals Only 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.
