Financial Crime Model Validation Manager

• Join Monzo's second line of defence Model Oversight team as a FinCrime Model Validation Manager, ensuring that Fincrime and Fraud models are good for both Monzo and its customers. • Perform independent model validations of FinCrime and Fraud models, write impactful validation reports, and present findings in relevant committees. • Build relationships across first line modelling teams and wider risk teams to support embedding of the model risk framework. • Work remotely from anywhere in the UK or from Monzo's London office, with flexible working hours.

• Have experience developing and/or validating Financial Crime, Fraud, Credit, Interest Rate, Liquidity, Regulatory capital, Stress testing, and/or forecasting models. • Have in-depth knowledge of statistical techniques for management of risks. • Have experience managing a modelling project through its full lifecycle. • Have strong technical skills such as SQL or Python. • Have working knowledge of machine learning models such as gradient boosted trees. • Be highly motivated and energised by bringing positive impact to customers and Monzo. • Thrive in a fast-paced environment with great attention to detail while keeping an eye on the big picture. • Be a great communicator able to articulate complex problems. • Provide effective challenge whilst building strong, respectful relationships.

• Have understanding of Customer Risk assessment controls at point of Current Account application. • Bring experience with Transaction Monitoring controls. • Have knowledge of Financial Crime and Fraud typologies. • Bring experience in a transaction-driven business or similar industry. • Have experience supporting the operation of Model Risk Oversight Committees or similar governance forums.

• Build relationships with first line of defence Fincrime/Fraud modelling teams and wider risk teams to support embedding of the model risk framework. • Perform independent model validations of FinCrime/Fraud models using proportionate modelling techniques depending on the level of complexity. • Write clear and impactful model validation reports and present findings in relevant committees. • Review ongoing model performance monitoring to ensure FinCrime/Fraud models perform within risk thresholds, providing support to model development teams when further action is required. • Oversee the review and validation of any FinCrime/Fraud model changes and provide recommendations to first line teams. • Collaborate with first line of defence teams to support strengthening of policies, standards, and procedures, providing advisory support during model design and build. • Monitor and measure the overall level of FinCrime/Fraud model risk and drive action plans with first line teams to mitigate residual model risk within desired appetite. • Ensure FinCrime/Fraud Model Owners keep the Model Inventory up to date with sufficient information for regulation and compliance reviews. • Support the broader Model Oversight team with validation activity in other disciplines such as Finance and Credit to manage peak demand. • Research and learn latest modelling and validation techniques including machine learning to expand validation capability. • Promote and help embed a strong risk culture, making risk meaningful and relevant to everyone at Monzo.

We have been Monzo customers for years and have always loved their beautiful, simple app UI. We believe their product has a positive impact on millions of customers, motivating them to be more conservative with their spending and helping them save money. Monzo, as a company, has consistently grown over the past 10 years and is known for its strong company culture, generous benefits, and leadership that strives to be truly transparent and cares about its colleagues. It is a company that helps you advance your career and grow as a professional, working with great teams. If you like to join a thriving, upcoming bank and help millions of customers lead a financially sound life, Monzo gives you the opportunity to push ahead.

• Earn £71,400–£90,000 depending on experience, plus incentive awards tied to performance. • Work remotely from anywhere in the UK or from Monzo's London office. • Work flexible hours that suit you and your team. • Access a £1,000 annual learning budget for books, training courses, and conferences.

Monzo is on a mission to make money work for everyone. Starting as a prepaid card, the product offering has grown over 10 years in the UK to include personal and business bank accounts, joint accounts, accounts for 16–17 year olds, free kids accounts, credit cards, savings, investments, and pension combining. The second line of defence Model Oversight team provides support to colleagues across Borrowing, Fincrime & Fraud, Finance, and Operations to help Monzo grow safely.