Monzo Bank

Risk Manager

Monzo Bank

full-time

Posted on:

Location Type: Remote

Location: Remote • 🇬🇧 United Kingdom

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Salary

💰 £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.

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