Monzo Bank

Prudential Regulatory Risk Analyst

Monzo Bank

full-time

Posted on:

Location Type: Hybrid

Location: London • United Kingdom

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Salary

💰 £48,500 - £55,000 per year

Job Level

Junior

About the role

  • Play a key role in the development and execution of the 2nd line of defence approach for the review of prudential regulatory reporting, including interpretation of regulatory reporting guidance and rules.
  • Provide independent challenge for 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
  • Support reviews of the internal controls framework used for regulatory reporting, making recommendations for ensuring effective compliance.
  • Review and interpretation of upcoming prudential policy (e.g. Basel 3.1), including PRA SoP, Consultation papers, policy and supervisory statements, including analysis of the impact on Monzo.
  • 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 in line with Monzo’s approach, regulatory expectations and industry best practice.
  • 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 compliance activity.
  • Support the review of financial models used for financial forecasting and capital planning (including the ICAAP)
  • 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.

Requirements

  • Have prudential 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, liquidity and the ability to interpret what that means for the relatively unique circumstances of our bank.
  • 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 fast-growing bank.
  • Have experience building strong relationships with stakeholders at all levels within the business.
  • Have a strong written 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
regulatory reportingprudential regulatory experiencecapital requirementsliquidity requirementsfinancial forecastingcapital planningICAAPrisk oversightinternal controls frameworkdata analysis
Soft skills
independent workproactiverelationship buildingstrong written communicationadaptabilitycollaborationcritical thinkingproblem-solvingstakeholder engagementlearning agility