Senior Credit Analyst | Monzo | Remote (United Kingdom)

<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">🚀 We’re on a mission to make money work for everyone.</strong></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">We’re waving goodbye to the complicated and confusing ways of traditional banking.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">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!</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">We’re not about selling products &#8211; we want to solve problems and change lives through Monzo ❤️</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><a href="https://www.youtube.com/watch?v=U62l09nB0M4" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow">Hear from our team about what it&#8217;s like working at Monzo</a> ✨</p>
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<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">📍London or Remote (UK) | 💰 £65,000 to £85,000 + Options + <a href="https://monzo.com/careers/" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow"> Benefits</a> |<a href="https://monzo.com/blog/2021/02/09/borrowing-data-at-monzo" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow"> Data Team, Borrowing </a></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">Our team;</strong></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">Our Borrowing (lending) team is growing and we’re looking for Credit Managers and Analysts for our credit risk function, to grow lending to our business banking customers. The ideal candidate should have knowledge of providing credit to small and medium size sole traders and limited companies, automated decisioning and Credit Risk Management activities.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">You will work in the credit risk team responsible for credit strategy for our business lending products. As the size of our Business Banking customer base grows, we are building 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 for driven, analytical and creative individuals to help us achieve this goal.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">With your experience of developing credit risk strategies specifically for small and medium enterprises and building best in class credit capabilities, you&#8217;ll help drive the success of Monzo&#8217;s borrowing propositions. You will be responsible for developing our credit and pricing strategies as we bring to market new lending products. You will work with colleagues across teams to make sure we are building profitable lending portfolios and amazing products for our customers.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">Your day-to-day:</strong></p>
<ul class=" text-base sm:text-lg marker:text-color list-inside list-disc text-gray-500 list-disc list-outside pl-3 mb-6">
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Leading initiatives designing and implementing credit and pricing strategies for our business lending products</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Monitoring the performance of our existing strategies, and iterating to improve them</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Supporting the design and roll-out of new products and customer journeys</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Leading initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Working with people from engineering, marketing, product, risk and control to design and deliver initiatives</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Developing and monitoring our credit models to forecast cash flows and assess net present value of new lending cohorts</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Writing credit proposals which will be adopted as Monzo underwriting policy</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Building, maintaining &amp; responsible for the database tables and dashboards that provide insights and promote rapid, data-driven decisions</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Assessing how the lending portfolio of particular products will perform over time</span></li>
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<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">You should apply if:</strong></p>
<ul class=" text-base sm:text-lg marker:text-color list-inside list-disc text-gray-500 list-disc list-outside pl-3 mb-6">
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You have strong domain expertise in providing lending products to small businesses</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You have a deep understanding of how business lending works, including regulation and industry best practice</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You have a solid understanding of lending economics and have experience developing and deploying underwriting strategies and credit models</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">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</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">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</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You are a strong communicator, able to cut through complex problems and articulate decision points</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You have some experience in project management and coordination across teams</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You work well collaborating in a team with diverse skill-sets and personality types</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You have a working understanding of the regulations that apply to lending in the UK</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo</span></li>
</ul>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">The Interview Process:</strong></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">Our interview process involves 4 main stages:</p>
<ul class=" text-base sm:text-lg marker:text-color list-inside list-disc text-gray-500 list-disc list-outside pl-3 mb-6">
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Recruiter Call</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Initial Call</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Take Home Task</span></li>
<li class=" leading-snug mb-2 pl-2"><span class="text-gray-200">Final stage (x3 interviews) consisting of a case study, role specific and values interview</span></li>
</ul>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">Our average process takes around 3-4 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 but if you do have any specific questions ahead of this please contact us on tech-hiring@monzo.com.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">What’s in it for you:</strong></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">💰 £65,000 to £85,000 ➕plus stock options +<a href="https://monzo.com/careers/" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow"> benefits</a></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">✈️ We can help you relocate to the UK</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">✅ We can sponsor visas</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">📍This role can be based in our London office, but we&#8217;re open to distributed working within the UK (with ad hoc meetings in London).</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">⏰ 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.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">📚 Learning budget of £1,000 a year for books, training courses and conferences</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">➕ And much more, see our full list of benefits<a href="https://monzo.com/careers/" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow"> <strong class=" font-semibold">here</strong></a></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">#LI-NB2 #LI-Remote</p>
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<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3"><strong class=" font-semibold">Equal opportunities for everyone</strong></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">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 <a href="https://monzo.com/blog/diversity-and-inclusion" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow">blog</a>, 2023 <a href="https://monzo.com/blog/our-2023-diversity-and-inclusion-report" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow">Diversity and Inclusion Report</a> and 2023 <a href="https://monzo.com/blog/an-update-on-our-gender-pay-gap-2023" target="_blank" class="break-all font-medium underline hover:opacity-75" rel="noopener noreferrer nofollow">Gender Pay Gap Report.</a></p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">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.</p>
<p class=" text-gray-200 text-base sm:text-lg leading-relaxed mb-3">If you have a preferred name, please use it to apply. We don&#8217;t need full or birth names at application stage 😊</p>