IFRS9 Modeller

🚀 We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts , accounts for 16-17 year olds , a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save , invest and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️ 📍London | 💰 £58,000 to £78,000 + Incentive Awards tied to your performance + Benefits | Data Team, Borrowing About our Capital, Impairments & Forecasting Team Our Capital, Impairments & Forecasting team sits at the intersection of our Borrowing and Finance collectives, responsible for developing, executing and managing the models used to calculate IFRS 9 ECL, and credit risk capital through the annual ICAAP. We work alongside our first line credit teams who design the products, decide who to lend to, set underwriting policy, identify customers who need help, manage the portfolio and report and measure credit risk. We are scaling up our Impairments modelling team to support the rapid growth and evolution of our portfolio. This role is pivotal for the team as the successful candidate will help develop and further enhance our suite of IFRS 9 models (PD, LGD, EAD, macroeconomic models) across both well established and emerging products. Additionally the successful individual will have oversight of model performance, construction of PMAs/model overlays where required, model implementation, and impairment analytics for senior management. Strong data and analytical skills are a must, as is experience in credit risk modelling and IFRS 9 provision methodology. Prior experience developing IFRS 9 models is desirable, but model development experience in IRB modelling, stress testing or scorecard models will also be considered. We rely heavily on the following tools and technologies (note we do not expect applicants to have prior experience of all them): Google Cloud Platform for all of our analytics infrastructure dbt and BigQuery SQL for our data modelling and warehousing Python for data science and predictive modelling, and model implementation Your day-to-day responsibilities: Assist with end-to-end development and maintenance of IFRS 9 models (PD, EAD, LGD) Construction of post-model adjustments / model overlays as and when required Implementation of new models Development and maintenance of economic-response models for scenario simulation and impairment Enhancement of model monitoring and month-end ECL reporting and analytics Presenting modelling results to 1LOD and 2LOD risk forums/committees Close collaboration with portfolio strategy, model validation, finance and external audit teams How we work: Our main tech hub is in London, but our data teams are based all over the UK — from Brighton to the Western Isles. We love meeting in person, but there’s no pressure to come into the office, even if you’re nearby. You’ll do your best work where you feel most comfortable. We value flexibility, connection, and wellbeing. You’ll have the freedom to work in a way that fits your life, whether that’s school drop-offs, avoiding rush hour, or making time for what matters most. Work the way that works for you at Monzo! 💼 You should apply if: You have a background in IFRS 9 impairments You have end to end experience in the development and implementation of credit models (e.g PD, LGD, EAD). You have experience in monitoring ECLs and conducting driver analyses You have strong analytical skills and a track record of using these to deliver tec...