📍London/remote | 💰£42,000 - £58,000 (based on experience level) + benefits 

About us: 

We’re here to make money work for everyone and we’re doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We’re focused on solving problems, rather than selling financial products. We want to make the world a better place and change people’s lives through Monzo.

About the team:

We’re looking for a Compliance Assurance Analyst to join our second line of defence (2LoD). You’ll help to provide oversight and check and challenge to the first line of defence (1LoD), providing assurance over how Monzo manages conduct risk.  

At Monzo we do things differently: we truly care about providing a phenomenal experience for our customers. We believe there’s a better way to do banking, and we want to be the best possible (fully compliant!) bank without getting stuck in the old ways of doing things. We operate a “three lines of defence” model of risk management at Monzo: you’ll be working in the 2LoD as part of our Risk and Compliance Collective, in the Compliance Assurance Team.

Your day-to-day   

You’ll be responsible for:

• Making sure teams at Monzo understand the compliance and conduct risks in their area through delivery of the Compliance Assurance Plan.
• Conducting assurance reviews of key regulations, processes and controls, providing stakeholders with tangible feedback to further strengthen Monzo’s control environment. 
• Providing support to other Compliance Assurance Managers / Analysts
• Challenging policies and procedures to ensure that we’re providing good customer outcomes and meeting regulatory requirements
• Providing subject matter expertise to strengthen the Risk and Compliance function and to support Monzo in growing safely
• Supporting Compliance team activities, including the compliance risk assessment, maintenance of the Compliance Assurance methodology and annual planning 
• Delivering reports and compliance assurance management information in a range of formats to audiences across the business
• Tracking actions stemming from compliance reviews and validating closure
• Helping instil a proactive, positive culture towards regulation and legislation across the company
• Creating and delivering regulatory compliance training 
• Exploring new ways to streamline, automate and enhance Monzo’s approach to compliance
• Delivering continuous improvement to the function and helping to create a ‘centre of excellence’

You should apply if: 

• You have experience working in the compliance or audit function within a regulated financial services environment, including experience of compliance monitoring and assurance 
• You have working knowledge of the FCA Handbook (particularly BCOBS, CONC, SYSC, ICOB and DISP)
• You have working knowledge of the role of the Risk and Compliance function
• You’re self-motivated, highly organised and focused on executing well
• You’re able to work independently and with changing priorities
• You’re able to build strong, mutually respectful relationships with diverse teams
• You have a genuine interest in the role of compliance assurance and recognise the value of compliance being a competitive advantage in a business like Monzo
• You’re excited about the future of banking and want to work with us to shape it

The Interview Process:

Equal Opportunity Statement

We are actively creating an equitable environment for every Monzonaut to thrive.

Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog,  2021 Diversity and Inclusion Report and 2022 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.