Financial Risk Manager

London, Cardiff or Remote £78,000 - £84,000 + stock options + Benefits Hear from the team

Our Finance team

Our finance team is growing and we're looking for a Financial Risk Manager to join us. The role is responsible for understanding our prudential regulatory requirements, working on projects and submissions relating to these and collaborating with teams across the bank.

You will need to have a breadth of knowledge and experience across prudential regulation, ideally covering the recovery and resolution planning, ICAAP, solvent wind down (SWDP), reverse stress testing. You will have the ability to independently interpret a range of regulations, determine the impact of those on the bank, and to manage projects to implement them.

As part of Monzo's Financial Risk team you'll also learn how we protect the Bank from financial stress, and how we manage the risks to our capital resources.

Decisions around the allocation of capital are central to Monzo achieving its strategy and building enterprise value. As such this is an exciting and broad role for an individual looking to build their experience and influence the direction of a unique business going through significant growth.

You will need to have great financial analysis skills, combined with the ability to support a wide range of stakeholders.

You'll play a key role by

1. Recovery planning and reverse stress testing (RST): you will lead/drive on the planning and implementation work in line with Monzo's recovery and resolution requirements, including owning the delivery of our planning requirements.
2. Lead the business in ensuring we comply with Resolvability Assessment Framework requirements, including Operational Continuity In Resolution, Valuation In Resolution and Continuity Of Access.
3. Supporting the team in the annual ICAAP production.
4. Supporting the team in the annual SWDP across the group.
5. Partnering with teams internally to help them make informed business decisions.
6. Designing brilliant ways to automate our work and leveraging technology to ensure we scale with the business.
7. Identifying the impact of prudential regulatory change and supporting relevant teams to assess and adapt to the challenges.
8. Liaising with teams across the bank including product, borrowing, finance, operational resilience, legal and risk.

We'd love to hear from you if you

1. Have prudential regulatory experience at either a bank, a consultancy or a regulatory body and want to apply it to a fast growing new bank.
2. Have knowledge/experience of the relevant regulatory requirements, and the ability to interpret what that means for the relatively unique circumstances of our bank.
3. Have the ability to coordinate, participate and lead projects to produce regulatory deliverables and maintain the Bank's set of prudential documentation and supporting materials.
4. Are interested in identifying relevant data, performing analysis and understanding the impact on our bank.
5. Are able to work independently, proactively and enjoy a dynamic and changing environment.
6. Are keen to learn about and work on areas of the regulatory regime that you may not have previously explored, particularly in the context of a new bank.
7. Have experience building strong relationships with stakeholders at all levels within the business.
8. Have strong written and verbal communication skills.

What's in it for you

£78,000 - £84,000 share options.

This role can be based in our London or Cardiff offices, or be distributed working within the UK (with ad hoc meetings in London).

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

Plus lots more! Read our full list of benefits .

The application journey has 4 key steps:

1. Phone call with Recruiter (30 mins)
2. Video call with Hiring Manager (30 mins)
3. Technical video call with Hiring manager & Stakeholder (60 mins)
4. Behavioural video interview (45 mins)

This process should take around 3-4 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

You'll hear from us throughout the application process, but if you've got any questions, please reach out to . You can also use this email address to let us know if there's anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We'll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don't miss out.