Monzo
Credit Model Validation Manager
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Credit Model Validation Manager
Credit Model Validation Manager
🚀 We’re on a mission to make money work for everyone.
We are bid farewell to the complicated and confusing ways of traditional banking.
After starting as a prepaid card, our product offering has grown significantly in the last 10 years in the UK. Our current offerings include personal and business bank accounts, joint accounts, under-18 accounts, a free kids account, and credit cards, with exciting new features on the horizon, including saving, investing, and combining pensions.
Featuring hot coral cards, get-paid-early, as well as financial education on social media and award-winning customer service, we’ve fostered a strong culture of creating unforgettable moments for our customers!
At Monzo, we prioritise problem-solving and driving positive change—ensuring our capabilities align with our mission of making financial solutions accessible to everyone. ❤️
📍 Location: London or Remote (UK) 💰 Salary: £79,000 - £93,000 + Performance-based incentives + Flexible Benefits
About the Team
Our Borrowing team is expanding rapidly, with new initiatives both in existing products and emerging plans. With growth comes an increased need for oversight, and we’re seeking a Credit Model Validation Manager to join our Second Line of Defence. Our Credit Model Validation team ensures independent reviews and challenges the first line’s credit model development to drive safe and responsible growth, ensuring our models deliver positive outcomes for customers.
With oversight of Monzo’s diverse credit models, including strategic decisioning systems, you’ll focus primarily on customer-level underwriting, scoring, and unit economics, ensuring our models are fair, effective, and robust.
Key responsibilities include:
- Leading independent data-driven validation to assess model fitness, explainability, real-world performance, and compliance with risk thresholds.
- Overseeing statistical analysis, model performance reports, and challenger model testing to validate assumptions.
- Revisiting and reinforcing our Model Risk Framework, ensuring alignment with evolving regulatory guidelines and industry best practices.
- Collaborating with credit strategy, first line defence, and risk teams to embed consistent validation standards across the organisation.
- Exploring AI-driven validation tools and emerging technologies.
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What You Should Bring
✔ Experience in credit risk modelling, validation, or development, with a solid background in:
- Decision science and scoring models (including machine learning).
- Origination / underwriting.Percentile Differential (PD) models.
- Net Present Value (NPV) / unit economics.
✔ Strong analytical and data skills—essential: confidence in SQL and Python. A bonus: experience with data visualisation tools like Tableau or Looker.
✔ A deep understanding of real-time credit decisioning, balancing commercial trade-offs with risk mitigation.
✔ Exceptional communication skills—both written and verbal—capable of simplifying complex risks for clarity and engagement.
✔ Experience building and sustaining trusted relationships across diverse stakeholders, delivering respectful, constructive challenge.
✔ Impact-driven mindset—proactively identifying ways to improve outcomes for customers and the business.
✔ Passion for monetary tech—deeply motivated by Monzo’s mission and cutting-edge work.
The Interview Process
The interview process typically spans four conversations via Google Hangouts:
- Recruitment Introduction 📞
- Senior Model Validation Manager Discussion (Hiring Manager) 🗣️
- Case Study Discussion 📊 – (Shared in advance; discussion-based, no written submission required)
- Values and Collaboration Exploration 🌱 (Understanding of Monzo’s culture)
Where Our Investment Takes You: Monzo’s Benefits
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Flexible Work Model
Our culture fosters flexibility, offering both flexible in-office days and remote options, fully aligned with your needs.
Unparalleled Health & Wellbeing
✅ Comprehensive private medical insurance (Dental, vision, and wellbeing bundles). ✅ Generous leave including mental health days (bulk scheduled offline days) and Parental Leave policies (up to 12 months paid). ✅ Extensive Digital Health tools offered by Virgin Pulse (from financial support to therapy sessions).
Fuel for Your Goals: Savings & Insurances
💰 Enhanced pension benef ting strategy, with tailored investment options. 🔗 Life Assurance and Income Protection. 💳 Vanquish Health Cash Plan (Cash/PHP).
Wellness, Learning & Freedom
🚴 Monzo Bikes (subsidised cycling accounts). 🎮 Skillshare premium membership to upscale your expertise. 📚 Unlimited online courses—partnered platforms like MasterClass and Udemy. 🎭 Free theatre access with Lexuki for Monzo employees.
(Further information available on our benefits page.)
Interested? Apply fast – we cycle through applications and want to provide you with clarity and the opportunity as soon as possible.
🔗 Prior name preferences at apply stage welcome!
Equal Opportunities & Commitment to Inclusion At Monzo, inclusion sits at the heart of our culture—striving to empower employees to thrive in diverse roles. We’re committed to fostering accessibility and equitable opportunities. For more, visit:
📄 [2026 Diversity Report] || [2025 Gender Pay Gap Report] || [Monzo Culture Blog]
In accordance with our commitment to equal opportunity, we evaluate applications without consideration to age, ethnicity, religion, sex, gender identity, family status, national origin, veteran status, neurodiversity, or disability. Together, we’re building a conceptual revolution in financial services! 💡
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