Credit Model Validation Manager (Machine Learning & NPV Models)

Monzo Bank
Cardiff, London
Workplace: RemoteFull timeGBP 79,000 - 93,000 annuallyFunction: Banking, Lending & CreditSkills: ["Communication","Leadership","Problem-solving","Stakeholder management","Analytical thinking"]

Lead independent validation of credit models and oversee risk modelling practices within Monzo’s Borrowing team. Drive validation across ML and NPV models, ensure governance and explainability, collaborate with risk and modelling teams, and strengthen the model risk framework in a fast-growing UK fintech context.

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Monzo Bank
Monzo Bank
2 months ago

Credit Model Validation Manager (Machine Learning & NPV Models)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 6 hours agoStatus: Live

Job Summary

Lead independent validation of credit models and oversee risk modelling practices within Monzo’s Borrowing team. Drive validation across ML and NPV models, ensure governance and explainability, collaborate with risk and modelling teams, and strengthen the model risk framework in a fast-growing UK fintech context.
Location: Cardiff, London
Workplace: Remote
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Manager level

Key Responsibilities

  • •Lead hands-on independent validation of credit models used for customer-level decisioning within Borrowing strategies, covering ML, decision science and NPV models; ensure models are fit for purpose, governed, explainable and performing as expected
  • •Support oversight and validation of broader credit risk models (IFRS9, stress testing, economic response models)
  • •Develop deep understanding of Monzo’s credit models and provide input and challenge to improve modelling capabilities
  • •Review ongoing model performance monitoring to ensure lending models stay within risk thresholds and assist first line of defence when action is required
  • •Write clear and impactful model validation reports and present findings to relevant committees

Pay and Benefits

Salary: GBP 79,000 - 93,000 annually

Key Requirements

  • •Strong data and analytical skills with deep understanding of statistical techniques for credit and model risk; proficient in SQL and Python
  • •Hands-on experience in either model validation or model development within a financial services environment; exposure to credit decisioning models (underwriting scorecards, PD models, NPV/unit economics)
  • •Experience with machine learning models and a willingness to work across ML/decision science techniques
  • •Ability to develop and maintain model risk frameworks, governance and regulatory alignment across modelling teams
  • •Excellent written and verbal communication; ability to present complex issues clearly to non-experts and stakeholders
Experience:Financial servicesBankingRisk managementCredit risk
Skills:CommunicationLeadershipProblem-solvingStakeholder managementAnalytical thinking
Languages:English
Tech Stack:Google Cloud PlatformDbtBigQuery SQLPythonGoAWSSQL

Company Brief

Monzo Bank
Monzo is a UK-based digital bank offering mobile-first current accounts, savings, business banking, and financial tools focused on transparency, low fees, and real-time money management for consumers and small businesses.
Industry: Neobanking
Company Size: Enterprise (1,001+ employees)
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Funding: Series E+
Headquarters: London, United Kingdom
Founded: 2015
WebsiteLinkedIn