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About the Role

We are seeking a Director to build and lead our credit risk function for lending to business banking customers. This role is pivotal in refining credit and pricing strategies, developing new lending products, and ensuring profitable lending portfolios. You will lead a team of credit analysts and managers, collaborating across departments to drive the success of Monzo's borrowing propositions.

Responsibilities

• Leading a team designing and implementing credit and pricing strategies for business lending products.
• Monitoring the performance of existing strategies and iterating to improve them.
• Leading initiatives to improve credit underwriting, boost growth, and manage portfolio risk.
• Supporting the design and roll-out of new products and customer journeys in collaboration with engineering, marketing, product, risk, and control teams.
• Providing leadership across our Business Banking and Borrowing Collectives.
• Serving as a member of the Borrowing Leadership Team to drive Monzo's overall borrowing strategy.

Requirements

• Strong domain expertise in providing lending products to small businesses.
• Track record of leading analytical credit teams.
• Deep understanding of business lending, including regulation and industry best practice.
• Passion for customers and understanding the role of credit strategies and policies in customer outcomes.
• Comfort balancing qualitative and quantitative data.
• Strong analytical and data capabilities, backed by technical coding skills.
• Ability to bring dynamic energy to the team and drive product improvements.
• Clear communication skills, able to articulate decision points for complex problems.
• Ability to collaborate effectively in a team with diverse skill-sets and personality types.
• Comfort working in a fast-moving and changing company.

Skills

• Credit risk management
• Lending to sole traders and limited companies
• Automated decisioning
• Credit risk strategies for SMEs
• Credit capabilities development
• Credit and pricing strategies
• New lending product introduction
• Analytical skills
• Data capabilities
• Technical coding skills
• Communication
• Collaboration

Location

• London
• Remote (UK)

Work Type

• Full-time
• Flexible working hours

Experience Level

• Director level
• Leadership experience

Salary/Compensations

• £165,000 - £200,000
• Incentives tied to performance

Benefits

• Relocation assistance to the UK
• Visa sponsorship
• Flexible working hours
• Learning budget of £1,000 per year
• Ad hoc meetings in London

About the Company

• We are on a mission to make money work for everyone, moving away from traditional banking complexities.
• Our product offering has grown significantly over 10 years, including personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a kids account, credit cards, savings, investments, and pensions.
• We are known for our hot coral cards, get-paid-early feature, financial education on social media, and award-winning customer service.
• We focus on solving problems and changing lives through our products.

Equal Opportunity

• 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.
• We are committed to fostering an inclusive environment for all people.
• We embrace diversity as a priority.