Credit Model Validation Manager

About the role

The Credit Model Validation Manager will provide independent oversight and challenge to model development teams within the Borrowing business. This role focuses on validating credit decisioning models, including underwriting scorecards, origination PD models, and Net Present Value models, to ensure they are fit for purpose and performing within risk thresholds. The successful candidate will play a key role in improving the Model Risk Framework and supporting the growth of the lending portfolio.

Responsibilities

• Leading hands-on independent validation of models used for credit decisioning within borrowing strategies.
• Supporting oversight and validation of broader credit risk models, including IFRS9, stress testing, and economic response models.
• Reviewing ongoing model performance monitoring to ensure lending models perform within risk thresholds.
• Performing statistical analyses to independently assess model performance, including developing challenger models.
• Improving the Model Risk Framework, including overseeing policies, standards, and procedures.
• Writing clear and impactful model validation reports and presenting findings to relevant committees.

Required skills

• Credit risk modelling
• Model validation
• Python
• SQL
• Machine learning
• Statistical modelling

Nice to have

• Tableau
• Looker
• Credit decisioning models

Benefits

• Incentive awards
• Flexible working hours
• Annual learning budget
• MacBook
• Work-from-home setup support

About the Company

Monzo is a banking company on a mission to make money work for everyone by moving away from traditional banking. They offer a range of personal and business financial products, including bank accounts, credit cards, and investment options, with a focus on solving problems and creating positive customer outcomes.