Senior Director, Enterprise Quality Governance – Manufacturing, Private Label
Recruiting.com
Senior Prudential Risk Manager
Monzo Bank
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇬🇧 United Kingdom
Visit company websiteSalary
💰 £93,500 - £120,000 per year
Job Level
Senior
About the role
- Lead 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.
- Lead the oversight of the capital management strategy and its implementation through financial reporting and forecasting.
- Identify and assess regulatory rule interpretations, providing oversight and challenge and ensuring these are correctly applied.
- Produce opinions and reports on Monzo’s financial risk position and control framework for key risk committees and the Board, making recommendations for ensuring controls are effective and prudential regulatory compliance, directly engaging with senior management on these topics.
- Ensure Monzo’s Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place.
- Review financial models used for financial forecasting, capital planning and stress testing (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.
- 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 significant prudential risk or regulatory experience at either a bank, a consultancy or a regulatory body
- Have in-depth knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, recovery planning and resolution, 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.
- 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
prudential riskregulatory compliancefinancial forecastingcapital planningfinancial modelingsensitivity analysisrisk assessmentcontrol frameworkreportingassurance
Soft skills
relationship buildingindependent workproactive approachadaptabilitycommunicationanalysisproblem-solvingcollaborationrecommendation formulationengagement with senior management