Credit Model Validation Manager

Monzo Bank

. Lead hands-on independent validation across Monzo’s credit model portfolio .

Posted 10/28/2026full-timeLondon • United KingdomMid-LevelSenior💰 £79,000 - £93,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in credit model validation and development, with strong analytical skills in statistical techniques and a solid understanding of model risk management. Proficient in SQL and Python, capable of producing clear and reusable code while effectively communicating findings to stakeholders.

Highest-signal resume keywords

Credit Model DevelopmentModel ValidationStatistical AnalysisSQLPython

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Credit Model ValidationStatistical TechniquesIFRS 9 ImpairmentInternal Ratings Based (IRB)Stress TestingModel Risk ManagementVersion ControlModel GovernanceEconomic ResponseDecision Science Scorecards

Soft Skills

Analytical SkillsWritten CommunicationVerbal CommunicationStakeholder Relationship ManagementRespectful Challenge

Tools & Technologies

AI-Assisted Analytical ToolsTableauLooker

Industry Keywords

Model Risk FrameworkModel Performance MonitoringModel InventoryGovernanceValidation Approach

Tech Stack

Tools & technologies

PythonSQLTableau

About the role

Key responsibilities & impact

Lead hands-on independent validation across Monzo’s credit model portfolio
Review and challenge model-led credit risk assessments, including impairment adequacy, ICAAP and stress testing
Develop a deep understanding of Monzo’s credit models and provide input and challenge to model developers and users
Build reusable analytical tools and tests and help embed AI-assisted approaches safely
Review ongoing model performance monitoring and support first-line defence teams when action is required
Perform statistical analyses, model replication and challenger work
Improve and embed the Model Risk Framework, including policies, standards, model inventory, governance and validation approach
Write model validation reports and present findings and actions to relevant committees
Partner with credit strategy, modelling, finance and wider risk teams to support effective model governance and consistent validation standards

Requirements

What you’ll need

Strong background and practical experience in credit model development and/or validation across a range of model types
Meaningful experience with IFRS 9 impairment, Internal Ratings Based (IRB) or other capital models
Broader exposure to stress testing, economic response, forecasting, decision science scorecards or NPV / unit economics modelling
Understanding of model risk management, including independent validation, model governance, ongoing monitoring, model change and issue management
Ability to assess regulatory expectations across the model lifecycle
Strong analytical skills and deep knowledge of statistical techniques for credit and model risk
Strong SQL and Python skills are essential
Ability to produce clear, reusable and tested code using version control, peer review and documentation
Ability to assess models in the context of accounting, capital, credit strategy, risk appetite and customer outcomes
Strong written and verbal communication skills
Track record of building and maintaining trusting stakeholder relationships and providing effective, respectful challenge
Experience with AI-assisted analytical or coding tools is useful but not essential
Experience with Tableau, Looker or similar is a plus

Benefits

Comp & perks

Incentive Awards tied to your performance
Flexible working hours
£1,000 learning budget each year for books, training courses and conferences
MacBook provided to all employees
Extra support for fully remote workers’ work-from-home setup
Distributed working within the UK
Ad hoc meetings in London
Additional benefits listed by Monzo