Finance Internal Controls Manager – 12 Month Fixed Term Contract
Monzo Bank
ERP
Financial Risk Oversight Manager
Monzo Bank
full-time
Posted on:
Location Type: Hybrid
Location: Cardiff • 🇬🇧 United Kingdom
Visit company websiteSalary
💰 £59,500 - £75,500 per year
Job Level
Mid-LevelSenior
Tech Stack
BigQuery
About the role
- Review financial models used for financial forecasting and capital planning (including the ICAAP and Recovery Plan), owned by the 1st Line of Defence, within G-Sheets and Anaplan, including running sensitivity analysis and forming insights, observations and recommendations.
- Develop a 2nd Line challenger model capability to strengthen the 2nd Line of Defence oversight of financial models and capital planning.
- Support reviews of the internal controls framework used for financial forecasting, capital planning and other areas of financial risk management, making recommendations for ensuring effective controls and prudential regulatory compliance.
- Oversee the monthly financial risk reporting process, including providing 2nd Line of Defence inputs, for risk governance committees such as ALCo.
- Review the impact of new products and business change, for example internal expansion, on Monzo’s financial risk profile and prudential regulatory compliance.
- Support the 2nd line risk oversight and review of the ICAAP and Recovery and Resolution Planning in line with Monzo’s approach, regulatory expectations and industry best practice.
- Contribute to regulatory rule interpretations as well as reviewing the 1st Line of Defence interpretations of relevant regulatory rules, providing oversight and challenge for regulatory capital resource/requirements rule interpretations and regulatory reporting (COREP, FINREP, PRA/FCA Returns)
- Ensure Monzo’s Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place to implement these.
- Conduct discrete pieces of assurance to support the strengthening of risk and controls in Monzo.
- Develop strong relationships with colleagues to support the embedding of prudential risk management activity.
Requirements
- Have prudential risk or regulatory experience at either a bank, a consultancy or a regulatory body
- Have good knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, and the ability to interpret what that means for the relatively unique circumstances of our bank.
- Have advanced Excel/ G-sheet skills and experience of building or reviewing financial models to support financial forecasting or capital planning, preferably relevant to a retail bank. Experience working within BigQuery and Anaplan is ideal but not essential.
- Are interested in identifying relevant data, performing analysis and understanding the impact on our bank to form risk insights.
- 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 growing bank.
- Have experience building strong relationships with stakeholders at all levels within the business.
- Strong written and verbal communication style.
Benefits
- £1,000 learning budget each year to use on books, training courses and conferences.
- We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.
- Flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
financial modelingsensitivity analysisregulatory compliancefinancial forecastingcapital planningdata analysisExcelG-sheetsBigQueryAnaplan
Soft skills
independent workproactiverelationship buildingcommunicationadaptabilityproblem-solvingcollaborationinsight generationstakeholder managementdynamic environment