Credit Model Validation Manager (Machine Learning & NPV Models)

New

MonzoCredit risk

Open to distributed working within the UKFull-TimeManager

Salary£79,000 - £93,000 + Incentive Awards tied to your performance

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Job Details

Have practical experience in credit model development and/or validation within financial services.
Have exposure to machine learning or statistical models used in credit decisioning.
Bring experience with decision science scorecards, origination or underwriting PD models, and NPV or unit economics modelling.
Have strong analytical skills and a deep understanding of statistical techniques for credit and model risk.
Have strong SQL and Python skills.
Understand how models are used in real-time decisioning and lending strategies, and how to balance commercial and risk outcomes.
Communicate problems and solutions clearly to non-experts.
Build and maintain stakeholder relationships and provide effective, respectful challenge.
Experience with data visualisation tools such as Tableau or Looker is a plus.

Lead independent validation of credit decisioning, machine learning, decision science and NPV models.
Assess whether models are fit for purpose, appropriately governed, explainable and performing as expected.
Support oversight and validation of IFRS9, stress testing and economic response models.
Review ongoing model performance monitoring and support first-line teams when action is required.
Perform statistical analyses and develop challenger models where appropriate.
Improve the Model Risk Framework, including its policies, standards and procedures.
Write model validation reports and present findings and actions in relevant committees.
Partner with credit strategy, modelling and wider risk teams to embed the framework and consistent validation standards.
Lead adoption of AI tools to enhance the model validation approach.

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