Full-Time

Third Party Risk Manager

Confirmed live in the last 24 hours

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Mid, Senior

London, UK

Hybrid role based in London office, with potential for distributed working within the UK.

Category
Risk Management
Finance & Banking
Requirements
  • You have experience in delivering third party risk management in a matrix environment
  • You have a proven ability to implement sustainable uplift in risk processes
  • You have a comprehensive understanding of outsourcing regulations, ideally obtained in banking or financial services
  • You are proficient in developing strategies to ensure effective risk management of third-parties throughout their lifecycle
  • You have a deep knowledge of, and ability to interpret risk regulations and standards across different jurisdictions
  • You are well versed in Cyber, Information Security and Data risk management
  • You have a good working knowledge of Third Party risk management tools/systems
  • You are delivery focussed with a genuine appetite to develop sustainable solutions in an innovative way
Responsibilities
  • Bringing your unique Risk and Control expertise gained in global organisations, to advance Monzo’s strategic goals and support our growth
  • Proactively delivering impactful and effective Third Party Risk Management
  • Designing, implementing and managing operational processes to enhance how Monzo manages Third Party Risk
  • Having a pivotal role in developing sustainable ways to meet our regulatory requirements in a high-growth, technology-driven environment
  • Striving to achieve high standards and instil established best practices in risk management
  • Taking a collaborative and partnered approach to achieving business objectives with internal teams and external suppliers
  • Having the ability to be both tactical and strategic when developing and delivering Third Party risk management solutions at Monzo

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on customer deposits, fees for certain services, and interchange fees from card transactions. Additionally, it offers overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

Company Stage

Late Stage VC

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

9%

1 year growth

25%

2 year growth

65%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo's partnership with SignLive enhances accessibility for Deaf and hard of hearing users.
  • Expansion into Europe, starting with Ireland, opens new markets for Monzo.
  • Monzo's 'Team' plan addresses needs of larger small businesses, increasing market share.

What critics are saying

  • Monzo's expansion into Europe may face regulatory challenges due to past breaches.
  • Reliance on digital platforms makes Monzo vulnerable to technological disruptions.
  • Increasing fintech competition pressures Monzo to innovate rapidly, risking strategic missteps.

What makes Monzo unique

  • Monzo offers real-time updates and instant notifications for transactions via its app.
  • The 'Pots' feature allows users to set aside money for specific purposes.
  • Monzo's gambling block feature helps users manage and control gambling habits.

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Benefits

Competitive salary

Flexible working hours

Work from home

Stock options

32 days of paid vacation and public holidays per year

Health insurance

EAP

Learning budget

Home office stipend

Paid parental leave