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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.
Establishing and maintaining a centralised suite of model validation standards including those used for performance monitoring.
Maintaining MBEU Model Inventory including AI Use Case registries, ensuring appropriate tiering classification of material and high-risk models in alignment with the EU AI Act.
Managing the local embedding of the group-wide model risk governance frameworks, ensuring appropriate alignment and clear escalation protocols between integral frameworks and subsidiary-specific policy standards.
Leading the technical 2LOD validation of all material and high-risk models prior to deployment, evaluating mathematical logic, data lineage, conceptual soundness, stability, performance and potential algorithmic bias.
Credit Risk covering credit scoring, automated underwriting decision engines, customer affordability and IFRS 9 loan loss prov
📌 Senior Risk Manager (España)
🏢 Monzo
📍 España