Financial Crime Model Validation Manager

• Join the second line of defence Model Oversight team, supporting colleagues across Borrowing, Fincrime & Fraud, Finance, and Operations to help Monzo grow safely. • Make sure the Financial Crime and Fraud models Monzo uses are good for the business and best for customers. • Perform independent validations using modelling techniques proportionate to each model’s complexity. • Monitor and measure the overall level of FinCrime and Fraud model risk Monzo carries, driving action plans to bring residual risk within appetite. • Support the wider Model Oversight team across Finance and Credit disciplines during peak demand. • Attend the Model Risk Oversight Committee regularly, contributing to how model risk gets managed. • Work from London, Cardiff, or distributed within the UK, with ad hoc meetings in London.

• Bring experience developing or validating models in any of Financial Crime, Fraud, Credit, Interest Rate, Liquidity, Regulatory capital, Stress testing, or forecasting. • Bring in-depth knowledge of statistical techniques for risk management. • Have managed a modelling project through its full lifecycle. • Bring strong technical skills in SQL or Python. • Hold a working knowledge of machine learning models such as gradient boosted trees. • Stay highly motivated by bringing positive impact to customers and to Monzo. • Work self-motivated and thrive in a fast-paced environment. • Pay great attention to detail while keeping an eye on the big picture. • Communicate well, articulating complex problems clearly. • Provide effective challenge while building strong, respectful relationships. • Stay keen to grow your knowledge across both business and technology.

• Understand customer risk assessment controls at the point of current account application. • Know transaction monitoring controls. • Bring familiarity with financial crime and fraud typologies. • Have worked in a transaction driven business or similar industry. • Use a preferred name to apply, as Monzo does not need full or birth names at application stage.

• Build relationships with first line FinCrime and Fraud modelling teams and wider risk teams to embed the model risk framework and an understanding of validation practices. • Perform independent model validations of FinCrime and Fraud models. • Write clear model validation reports and present findings in relevant committees. • Review ongoing model performance monitoring so models stay within risk thresholds, supporting the development team when further action is needed. • Oversee the review and validation of model changes, recommending to first line teams what keeps models fit for purpose. • Collaborate with first line teams to strengthen policies, standards, and procedures, advising during model design and build. • Monitor overall FinCrime and Fraud model risk and drive mitigation plans through appropriate governance forums. • Make sure Model Owners keep the Model Inventory current, with enough information and evidence to support regulation and compliance reviews. • Support model validation activity across Finance and Credit disciplines during peak demand. • Research the latest modelling and validation techniques, including machine learning, to expand validation capability. • Promote a strong risk culture, sharing best practice in ways everyone can understand.

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 to £90,000 depending on experience, plus incentive awards tied to your performance. • Work from the London office or distributed within the UK, with only ad hoc meetings in London. • Set your own hours, with Monzo trusting you to work enough to do the job well at times that suit you and your team. • Spend a £1,000 annual learning budget on books, training courses, and conferences. • Broaden your expertise across Finance and Credit models alongside your FinCrime focus. • Interview across three stages taking around three to four weeks, always worked around your availability.

Monzo is on a mission to make money work for everyone, moving away from the complicated and confusing ways of traditional banking. Starting as a prepaid card, it now offers personal and business bank accounts, joint accounts, accounts for 16 to 17 year olds, a free kids account, and credit cards in the UK, alongside saving, investing, and pension consolidation. Its second line Model Oversight team supports colleagues across Borrowing, Fincrime & Fraud, Finance, and Operations, providing the independent challenge that lets Monzo grow safely.