Head of Credit Risk Oversight
Dublin · EUR 121,000-163,000 · 16-17 years experience · Hybrid · Posted Oct 7, 2026
At a glance
- Experience
- 16-17 years experience
- Workplace
- Hybrid
- Location
- Dublin
- Salary
- EUR 121,000-163,000
About the role
- The Head of Credit Risk Oversight is a senior leadership role within the Second Line of Defence, responsible for shaping and overseeing Monzo Bank Europe's lending business as it scales.
- This position involves developing the Credit Risk Framework, defining risk appetite, and leading credit risk analytics and measurement, including IFRS 9 expected credit loss models.
- The role is a Controlled Function (CF-2) under the Central Bank of Ireland, requiring adherence to Fitness and Probity Standards and the Individual Accountability Framework.
Responsibilities
- Develop, implement, and improve the Credit Risk Framework in Europe.
- Formulate and oversee the Credit Risk Appetite Statement and limit structure.
- Provide independent oversight and challenge across credit policy, underwriting, pricing, and collections.
- Issue formal 2nd LoD opinions on new products, policy changes, and material lending decisions.
- Lead the development and maintenance of IFRS 9 expected credit loss models.
- Build credit risk monitoring and early warning processes to identify portfolio risks.
- Act as Secretariat and Deputy Chair of the Credit Risk Oversight Committee.
- Ensure credit risk management meets legal and regulatory requirements, including CBI, EBA, and ECB guidelines.
- Build the credit risk oversight function from the ground up, including hiring and leading a team.
- Engage with internal/external auditors and supervisory authorities.
Requirements
- Degree in a quantitative or financial discipline (e.g., Economics, Econometrics, Statistics, Mathematics, Finance, or Financial Engineering).
- Experience leading credit risk oversight or measurement in a retail bank, challenger bank, or top financial regulatory consulting practice.
- Expertise in retail credit risk modelling (PD, LGD, EAD, IFRS 9 staging, expected credit loss, affordability).
- Experience owning or independently challenging credit risk appetite, policy, underwriting, and collections strategies.
- Understanding of European regulation (EBA/ECB guidelines, IFRS 9, CCD2, GDPR).
- Proven experience in independent engagement with internal/external auditors and supervisory authorities (CBI/ECB).
- Tech-fluent with hands-on experience in SQL and Python.
- Experience building credit risk frameworks, models, or governance from scratch.
Preferred qualifications
- CFA qualification
- FRM qualification
- PRM qualification
Benefits
- Salary range of €121,000 - €163,000
- Incentive Awards tied to performance
- 34 days annual leave (including 10 public holidays)
- €1,200 annual learning budget
- Private healthcare scheme
- Pension scheme (4% minimum contribution, up to 6% match)
- Wellbeing benefits (financial education, health support, mental health coaching/counselling)
Workplace
- Hybrid working model based in Dublin office 2-3 days a week.
- Occasional travel to Monzo’s head office in London required.
- Flexible working hours offered.
Skills
- SQL
- Python
- IFRS 9
- Credit Risk Modelling
- PD
- LGD
- EAD
- Regulatory Compliance
