Our Capital, Impairments & Forecasting Team
Our Capital, Impairments & Forecasting team (CIF) 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.
Within CIF, we are scaling up our Forecasting modelling and execution team to support the enhancement of modelling standards across Finance. The role holder will have the opportunity to lead a consultancy‑style centre of excellence, providing thought leadership on the methodological design and regulatory compliance assessment of all financial forecasting models that feed the bank’s budgeting and stress‑testing activities. This will expand to hands‑on delivery of model developments, where appropriate.
Responsibilities
- Lead a centre of excellence providing thought leadership on the methodological design and regulatory compliance assessment of all financial forecasting models.
- Deliver model developments and enhancements for forecasting models that support budgeting and stress‑testing activities.
- Partner with portfolio strategy, model validation, finance and external audit teams to ensure best practices in forecasting.
- Present forecast model results to senior management.
- Assist with continuous improvement of forecasting models via individual delivery or through others.
Qualifications
- Background in financial forecast modelling or execution.
- Strong data and analytical skills, with experience in Python and SQL (preferred). Experience in SAS or R will also be considered.
- Experience in regulatory stress‑testing exercises (such as ICAAP or EBA Stress‑testing) is highly desirable.
- Ability to convey problems and solutions using clear and simple language, both written and verbal.
- Impact‑driven and eager to have a real positive impact on the company, its products and users.
- Self‑starter mindset – proactively identify issues and opportunities and tackle them without being told.
- Team player whom colleagues can rely on.
Tools and Technologies
- Python for data science, predictive modelling and data visualisation (via Streamlit).
- Anaplan for model implementation.
- GitHub for version control.
- Experience with best practices for financial modelling across the organisation.
Interview Process
- Initial call with a member of the Forecasting team.
- Values and collaboration behavioural interview.
- A live case study problem‑solving interview.
Benefits
Flexible working hours and trust to work the hours needed to do your job well, at times that suit you and your team. A learning budget of £1,000 per year for books, training courses and conferences. And much more, see our full list of benefits on the company website.
Equal Opportunities
Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or disability status.
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