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Credit Model Validation Analyst
Confirmed live in the last 24 hours
London, UK
Experience Level
Desired Skills
  • You are highly motivated and energised by the idea of bringing positive impact to our customers and Monzo
  • You are self-motivated and thrive in a fast-paced environment
  • You have great attention to detail while keeping an eye on the big picture
  • You are a great communicator, able to articulate complex problems
  • You can provide effective challenge whilst building strong, respectful relationships
  • You are keen to grow your knowledge in both business and technology
  • Experience in Decision Science from model building/validation perspective or IFRS 9, regulatory capital, stress testing, forecasting
  • In-depth knowledge of statistical techniques for management of credit risk
  • Strong understanding of estimation and measurement of one or some of the following:
  • Decision Science Models
  • Expected and unexpected credit losses
  • Use of economic scenarios and forecasting
  • PD, LGD and EAD within IFRS 9
  • Credit risk management knowledge/experience
  • Experience in consumer lending business or similar industry
  • Perform independent model validation as part of our second line of defence Credit Risk teams and making sure the credit risk models are fit for purpose
  • Contribute to improving Model Risk Framework including policies, standards and procedures helping to embed best practice in the business. Making sure it follows up-to date regulatory guidelines and it is relevant for modern modelling techniques
  • Contribute to improving the IFRS9 Operating Model and Framework, challenging provisioning adequacy, validating IFRS9 models and building governance and controls around the framework
  • Write clear and impactful model validation reports and present the findings in relevant committees
Desired Qualifications
  • Strong technical skills such as SQL or Python
  • Experience of managing a modelling project through its full lifecycle
  • Working knowledge of machine learning models: gradient boosted trees, etc

1,001-5,000 employees

Digital-only bank platform & marketplace
Company Overview
Monzo’s mission is to make money work for everyone by solving customers' problems, treating them fairly and being totally transparent.. The company has created an app with budgeting tools where you can spend, manage, and save your money, from your phone, fee-free.
  • Competitive salary
  • Flexible working hours
  • Work from home
  • Stock options
  • 32 days of paid vacation and public holidays per year
  • Health insurance
  • EAP
  • Learning budget
  • Home office stipend
  • Paid parental leave