Financial Risk Manager

We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!

We’re not about selling products - we want to solve problems and change lives through Monzo ️

Hear from our UK team about what it's like working at Monzo

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 recovery and resolution planning, ICAAP, solvent wind down (SWDP), and 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...

• 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.
• Lead the business in ensuring we comply with Resolvability Assessment Framework requirements, including Operational Continuity In Resolution, Valuation In Resolution and Continuity Of Access.
• Supporting the team in the annual ICAAP production.
• Supporting the team in the annual SWDP across the group.
• Partnering with teams internally to help them make informed business decisions.
• Designing brilliant ways to automate our work and leveraging technology to ensure we scale with the business.
• Identifying the impact of prudential regulatory change and supporting relevant teams to assess and adapt to the challenges.
• Liaising with teams across the bank including product, borrowing, finance, operational resilience, legal and risk.

We’d love to hear from you if you…

• 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.
• Have knowledge/experience of the relevant regulatory requirements, and the ability to interpret what that means for the relatively unique circumstances of our bank.
• 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.
• Are interested in identifying relevant data, performing analysis and understanding the impact on our bank.
• Are able to work independently, proactively and enjoy a dynamic and changing environment.
• 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.
• Have experience building strong relationships with stakeholders at all levels within the business.
• 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:

- Phone call with Recruiter (30 mins)
- Video call with Hiring Manager (30 mins)
- Technical video call with Hiring manager & Stakeholder (60 mins)
- 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 business-hiring@monzo.com. 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.

Equal opportunities for everyone

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. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2023 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re 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, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage.