Monzo Bank

Senior Manager, Stress Testing

Monzo Bank

full-time

Posted on:

Location Type: Hybrid

Location: Cardiff • 🇬🇧 United Kingdom

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Salary

💰 £93,500 per year

Job Level

Senior

Tech Stack

PythonSQL

About the role

  • You'll be responsible for defining, building, and maintaining the models that project the impact of severe but plausible scenarios across our entire business.
  • Your work will directly inform our strategic planning, capital adequacy (ICAAP), and financial sustainability (Recovery Planning), ensuring Monzo remains safe and sustainable as we scale.
  • As a Senior Manager for Stress Testing, you'll initially lead the development and maintenance of the full lifecycle of our stress testing framework.
  • Lead the design, development, documentation, and continuous improvement of Monzo's end-to-end stress testing framework for capital, and recovery planning.
  • Define and build a suite of sophisticated stress testing models to project the impact of various scenarios on our P&L, Balance Sheet, capital adequacy (e.g., CET1 ratio, leverage ratio), and liquidity position (e.g., LCR, NSFR).
  • Ensure the framework is scalable and adaptable, capable of incorporating new products, business lines, and our international operations (e.g. EU, US).
  • Partner with the wider Prudential delivery team by developing the quantitative analysis, toolkit, and narrative required for our regulatory submissions (PRA111) and internal reporting.
  • Work closely with Data, Treasury, Borrowing, and Finance teams to automate and enhance our stress testing data, modelling, and reporting infrastructure.

Requirements

  • You have significant, hands-on experience in developing, managing, and documenting financial stress testing frameworks (capital or liquidity) within a regulated bank.
  • You have a deep knowledge of Financial Risk, ICAAP and Recovery Planning and how stress testing integrates with these deliverables;
  • You should be confident analysing P&L and balance sheet data and be able to communicate complex issues clearly and concisely to senior stakeholders.
  • You have robust knowledge and examples of utilising SQL and Python to build and deliver stress testing and analytics. This will be tested via case study;
  • You should have excellent communication and stakeholder management skills, with the ability to translate complex technical concepts to a non-technical audience;
  • You have the ability to work independently and manage multiple priorities in a fast-paced environment. You're excited by the challenge of building a critical new capability from scratch.
Benefits
  • 💰 from £93,500 ➕ plus stock 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, at times that suit you and your team.
  • 🏡 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.
  • 📚 Learning budget of £1,000 a year for books, training courses and conferences
  • ➕ Plus lots more! Read our full list of benefits.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial stress testing frameworkscapital adequacyliquidityquantitative analysisSQLPythonP&L analysisbalance sheet analysisregulatory submissionsdata modeling
Soft skills
communication skillsstakeholder managementindependent workprioritizationproblem-solvingadaptabilityteam collaborationclear communicationnarrative developmentcomplex issue translation