Head of Model Risk Oversight

🚀 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 ❤️

📍Madrid | 💶 €102,000 - €138,000 + Incentive Awards tied to your performance + benefits | Hear from the team ✨

⭐ Our Risk team

The Head of Model Risk Oversight is a key Second Line of Defence (2LOD) leadership role responsible for establishing, scaling and managing the Model Risk Management (MRM) process across Monzo Bank Europe (MBEU).

As automated systems, advanced statistical models and Artificial Intelligence (AI) increasingly drive business activities and decision-making, this role ensures that all models supporting MBEU day to day operations including credit scoring, fraud and financial crime transaction monitoring, capital and liquidity stress testing, and AI Act-regulated use cases are mathematically sound, secure, compliant, and aligned with MBEU’s risk appetite and regulatory expectations.

This role reports to the Director of Credit Risk, MBEU.

🔑 You’ll play a key role by...

Model Risk Management (MRM) & Governance

Defining, implementing and maintaining the EU-wide Model Risk Management (MRM) Framework and associated validation standards. This includes developing and implementing the model risk appetite, model risk assessment process, model