Risk Assurance Manager

📍Dublin | 💰salary dependent on experience + Benefits | Hear from the team ✨

⭐ Our EU team

Monzo Europe is an Irish-based subsidiary of the Monzo Group which will, upon authorisation, be the base for Monzo’s expansion as a bank into the European Union. We are building a new and exciting financial institution focused on providing innovative and customer-centric banking services across the EU.

We are looking for an experienced and proactive Risk Assurance Manager to join our Enterprise Risk Management team. In this role, you will be responsible for providing independent second-line assurance over the design and effectiveness of the bank’s risk management framework, controls and processes. You will help ensure that key risks are being effectively managed in line with regulatory expectations, internal policies, and our risk appetite. This role will report to the Head of Enterprise Risk Management, Monzo EU.

🔑 You’ll play a key role by...

• Plan, coordinate, and execute comprehensive risk assurance activities, including effectiveness reviews, to ensure the EU-wide implementation and adherence to the enterprise risk framework
• Conduct thorough risk and control identification and testing to evaluate the design and operational effectiveness of mitigation measures
• Perform targeted thematic reviews on specific risk areas (eg. financial, conduct, compliance, financial crime, strategic risk etc.) and processes to provide in-depth assurance over design adequacy and operating effectiveness 
• Identify areas for improvement within the risk management framework and control environment, recommending practical and impactful solutions
• Proactively engage with business and risk stakeholders to understand their operations and risk profiles, fostering a collaborative risk management culture
• Contribute to the annual risk assurance plan and deliver assurance activities, providing insightful feedback and tracking remediation efforts, while staying informed of relevant regulations and best practices
• Develop and maintain the second line risk assurance methodology, testing procedures and evidence standards in alignment with our Risk Management Framework
• Collaborate closely with first line teams and other control functions (eg. Internal Audit) while maintaining appropriate independence
• Contribute to risk governance through reporting to management committees, including thematic insights and trends from assurance activities
• Participate in the development of risk culture, awareness, and training across the organisation

🤩 We’d love to hear from you if…

• You have a strong background in risk assurance, internal audit, or risk management, ideally with experience navigating the European regulatory landscape. Experience in banking is a plus!
• You possess a deep understanding of risk assurance and management frameworks, methodologies, and best practices, and can apply this knowledge in a practical setting
• You have a strong understanding of risk and control frameworks (e.g., COSO, etc) and regulatory expectations for second-line risk oversight
• You have a proven ability to plan, coordinate, and execute various risk assurance activities, including effectiveness reviews and thematic deep dives, with clear articulation of findings and root cause analysis
• You are skilled in the hands-on identification and testing of risks and controls, with a keen eye for detail and potential weaknesses
• You have a track record of identifying areas for improvement within risk management frameworks and recommending practical, effective solutions
• You combine excellent analytical, problem-solving, and investigative skills with strong written and verbal communication abilities to clearly articulate findings and recommendations to diverse stakeholders
• You have excellent written and verbal communication skills, with the ability to challenge constructively and influence stakeholders at all levels

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

🙌 What’s in it for you

💰Competitive salary ➕ share options

📍This role can be based in our Dublin office, however, you will be expected to travel to Monzo’s head offices in London from time to time 

⏰We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team. 

🏝 Annual Leave - 34 days including public holidays (24 holiday days + 10 public holidays)

📚€1,200 learning budget each year to use on books, training courses and conferences

🏥Private healthcare scheme

💰Pension scheme: the minimum contribution is 4% and Monzo matches any additional contributions that you make up to a maximum of 6%

💛Wellbeing benefits: financial education, women’s and men’s health support, mental health benefits, including coaching and counselling

🏡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

🌈 The application journey has 3 key steps

• 30 min call with the Recruiter
• 2 hours of technical and behavioural interviews
• 30 min final chat with our Chief Risk Officer, EU

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible! 

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.

You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to [email protected]. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out. 

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