The opportunity
🚀 We’re on a mission to make money work for everyone.
What you'll do
Build relationships with first line of defence Fincrime/Fraud modelling teams: and wider risk teams to support the embedding of the model risk framework and an understanding of model validation practices to help Monzo grow safely.
Perform independent model validations of FinCrime/Fraud models using: proportionate modelling techniques depending on the level of complexity applied.
Write clear and impactful model validation reports and present the findings in relevant committees.
Review ongoing model performance monitoring to ensure the FinCrime/Fraud: models are performing within risk thresholds and providing support to the FinCrime/Fraud model development team when further action is required.
Oversee the review and validation of any FinCrime/Fraud model changes and: provide recommendations to first line teams to ensure the models remain fit for purpose.
Collaborate with the first line of defence teams to support the strengthening: of policies, standards and procedures, providing advisory support during FinCrime/Fraud model design and build, and helping to embed best practice in the business.
What they're looking for
- Monitoring and measuring the overall level of FinCrime/Fraud model risk that: Monzo operates, and driving action plans with first line teams and appropriate governance forums to mitigate residual model risk within desired risk appetite.
- Ensuring FinCrime/Fraud Model Owners keep the Model Inventory up to date so: it contains sufficient information and evidence to support regulation and compliance reviews
- Supporting the broader Model Oversight team with model validation activity in: other disciplines (Finance and Credit) to manage peak demand and utilising areas of specific knowledge.
- Research and learn latest modelling and validation techniques , such as: machine learning, to enable expansion of validation capability.
