Head of Credit Portfolio Management

3 weeks ago


Cardiff, Cardiff, United Kingdom Monzo Full time

Monzo is seeking a Head of Credit Portfolio Management to lead our lending strategy team. As a key member of our leadership team, you will play a crucial role in driving the success of our borrowing propositions. Your responsibilities will include leading initiatives to improve credit underwriting, supporting new lending strategies, and collaborating across teams to build profitable lending portfolios and amazing products for customers.

Key Responsibilities:
  • Leading initiatives to improve credit underwriting, boost growth and/or manage portfolio risk.
  • Supporting the design and roll-out of new lending strategies by finding patterns in the data and translating these into insights.
  • Monitoring the performance of our existing strategies, and iterating to improve them.
  • Collaborating with people from engineering, marketing, product, risk and control to design and deliver product changes.
  • Developing our credit control and portfolio management frameworks to support our growing portfolios.
  • Developing, maintaining and refining our credit models to assess net present value of new lending cohorts to drive strategic business decisions.
  • Building, maintaining and owning the database tables and dashboards that provide insights and promote rapid, data-driven decisions.
Requirements:
  • Extensive experience in unsecured retail lending (e.g. personal loans, credit cards, overdrafts, buy now pay later etc.).
  • Deep understanding of how the unsecured retail lending market works including the impact of pricing dynamics on portfolio performance.
  • Deep 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.
  • Thrive in a fast-paced environment and keen for the chance to improve our products and help ship changes to our customers.
  • Experience in project management and coordination across teams.
Salary and Benefits:
  • A competitive salary of £90,000 - £120,000 per annum, depending on experience.
  • Flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.
  • Learning budget of £1,500 a year for books, training courses and conferences.
  • We can help you relocate to the UK and sponsor visas.
  • This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).

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