Full-Time

Lead Credit Analyst

Business Borrowing

Updated on 1/22/2025

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

£69k - £95kAnnually

+ Stock Options

Senior, Expert

H1B Sponsorship Available

London, UK + 1 more

More locations: Cardiff, UK

Hybrid role with ad hoc meetings in London.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
SQL
Looker
Data Analysis

You match the following Monzo's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • strong domain expertise in providing lending products to small businesses
  • deep understanding of how business lending works, including regulation and industry best practice
  • solid understanding of lending economics and experience developing and deploying underwriting strategies and credit models
  • strong analytical and data capabilities, backed up by technical coding skills (SQL is a must-have, Python and Looker experience is a plus)
  • strong communicator, able to cut through complex problems and articulate decision points
  • some experience in project management and coordination across teams
  • ability to collaborate in a team with diverse skill-sets and personality types
  • working understanding of the regulations that apply to lending in the UK
  • highly motivated and energized by the idea of bringing positive impact to customers and Monzo
Responsibilities
  • Leading initiatives designing and implementing credit and pricing strategies for our business lending products
  • Monitoring the performance of our existing strategies, and iterating to improve them
  • Supporting the design and roll-out of new products and customer journeys
  • Leading initiatives to improve our credit underwriting, boost growth and/or manage portfolio risk
  • Working with people from engineering, marketing, product, risk and control to design and deliver initiatives
  • Developing and monitoring our credit models to forecast cash flows and assess net present value of new lending cohorts
  • Writing credit proposals which will be adopted as Monzo underwriting policy
  • Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights
  • Building, maintaining & responsible for the database tables and dashboards that provide insights and promote rapid, data-driven decisions
  • Assessing how the lending portfolio of particular products will perform over time
Desired Qualifications
  • Experience with Python and Looker is a plus

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million.

Company Stage

Late Stage VC

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo's $400M funding in 2024 supports expansion and technological advancements.
  • Partnership with SignLive enhances accessibility for Deaf and hard of hearing users.
  • Expansion into Europe in 2025 opens new markets and revenue streams.

What critics are saying

  • Internal disagreements on IPO location may delay public offering.
  • Breach of UK banking regulations could damage reputation and trust.
  • Expansion into Europe may face regulatory hurdles and competition.

What makes Monzo unique

  • Monzo offers real-time updates and instant notifications for transactions.
  • Monzo's 'Pots' feature allows users to set aside money for specific purposes.
  • Monzo Plus provides premium features like custom card designs and travel insurance.

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Benefits

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