Senior Forecasting Modeller
Posted 4 hours 17 minutes ago by Monzo
The Capital, Impairments & Forecasting (CIF) team sits at the intersection of our Borrowing and Finance collectives. We develop, execute and manage models used to calculate IFRS 9 ECL, credit risk capital through the annual ICAAP, and support the team's forecasting and stress testing activities. The successful candidate will enhance our forecasting and stress testing models, execute budgeting and stress test exercises, and build a toolkit to quantify the impact of strategic decisions for senior management.
Responsibilities- Develop and enhance forecasting and stress testing models for both established and emerging products.
- Execute models across high profile budgeting and stress test exercises.
- Build and maintain ground overlays to quantify the impact of future strategy changes.
- Develop and execute forecast model monitoring plans to prioritise model improvements.
- Present forecast model results to senior management.
- Collaborate closely with portfolio strategy, model validation, finance and external audit teams.
- Background in forecast modelling or execution.
- Experience developing and implementing credit models (e.g., IFRS9, IRB, scorecard).
- Strong analytical skills and a track record of delivering technical projects.
- Technical toolkit: SQL and Python are desired; SAS/R considered. Experience with data visualisation tools such as Streamlit or Looker is a plus.
- Excellent communication skills - convey problems and solutions in clear and simple language.
- Impact driven, proactive, and a self starter who identifies issues and tackles them without direction.
- Team player who can be relied upon by colleagues.
- Python for data science, predictive modelling, model implementation and data visualisation (via Streamlit).
- GitHub for version control.
- Version control and continuous improvement of forecasting models through new developments or recalibrations.
- Construction of grounded overlays to quantify effects of future strategy changes or address model limitations.
- Implementation of forecast model monitoring to inform prioritisation of model improvements.
- Presentation of forecast model results to senior management.
- Collaboration with portfolio strategy, model validation, finance and external audit teams.
- Initial call with a member of the Forecasting team.
- Values and collaboration behavioural interview.
- A live case study problem solving interview.
- Salary: £78,000 to £95,000 per year.
- Incentive awards tied to performance.
- Benefits, including flexible working hours and trust to work at times that suit your team.
- Learning budget of £1,000 per year for books, training courses and conferences.
- Support for relocation to the UK and visa sponsorship.
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 are 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.