Financial Crime Model Validation Manager

Responsibilities

• Perform independent validations of Financial Crime and Fraud models using proportionate modelling techniques.
• Build relationships with first-line modelling and risk teams to embed model risk frameworks and validation practices.
• Write clear, impactful model validation reports and present findings to relevant committees.
• Review ongoing model performance monitoring to ensure models operate within established risk thresholds.
• Oversee the review and validation of model changes and provide recommendations to ensure models remain fit for purpose.
• Collaborate with first-line teams to strengthen policies, standards, and procedures through advisory support.
• Monitor and measure overall FinCrime/Fraud model risk, driving action plans to mitigate residual risk.
• Support the Model Risk Oversight Committee and help expand validation capabilities through research into new techniques like machine learning.

Requirements

• Experience developing or validating Financial Crime, Fraud, Credit, or other regulatory risk models.
• In-depth knowledge of statistical risk management techniques.
• Experience managing modelling projects through their full lifecycle.
• Strong technical proficiency in SQL or Python.
• Working knowledge of machine learning models, such as gradient boosted trees.
• Ability to provide effective challenge while building respectful, professional relationships.

Preferred Qualifications

• Understanding of customer risk assessment controls and transaction monitoring.
• Knowledge of Financial Crime and Fraud typologies.
• Experience working within a transaction-driven business or similar industry.

Benefits

• Competitive salary (£71,400 - £90,000) plus performance-related incentive awards.
• Flexible working hours and hybrid/remote working options within the UK.
• Annual £1,000 learning budget for books, training, and conferences.
• Comprehensive benefits package.

About the Company

Monzo is on a mission to make money work for everyone. We are moving away from the complicated and confusing ways of traditional banking to provide a seamless, digital-first experience. From personal and business accounts to savings and investments, we solve problems and change lives through innovative financial technology.