📍London/Remote
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 our RiskTeam:
Our Prudential Risk Team is growing and we’re looking for a Treasury Compliance Manager to join us within the 2nd Line of defence risk team. The role is responsible for working with our 1st line of defence teams in interpreting and applying our prudential regulatory requirements, working on projects and submissions relating to these and collaborating with teams across the bank. The core aspects of the role will be providing cohesive, effective oversight and challenge for regulatory capital and liquidity resource/requirements rule interpretations and regulatory reporting (COREP, FINREP, PRA/FCA Returns). There will also be opportunities to support the broader Prudential Risk team on initiatives for ICAAP, ILAAP, Recovery Planning, Resolution and SWDP.
Ideally you will have a strong working knowledge of the UK CRR and the PRA Rulebook, particular in relation to regulatory reporting and rule interpretation. Any broader experience across the scope of prudential regulation would be useful. You will support the interpretation of a range of regulations, determine the impact of those on the bank, and contribute to projects to implement them as well as considering the wider implications on Monzo’s solvency.
What you’ll be working on:
- 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.
- Contribute to regulatory rule interpretations as well as reviewing the 1st Line of Defence interpretations of relevant regulatory rules.
- Support reviews of the internal controls framework used for regulatory reporting, making recommendations for ensuring effective compliance.
- Review and interpretation of upcoming prudential policy, 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 on Monzo’s continuing regulatory compliance.
- Undertake reviews and monitoring of treasury compliance with applicable regulations.
- Support the 2nd line risk oversight and review of the ICAAP/Recovery Plan/SWDP in line with Monzo’s approach, regulatory expectations and industry best practice.
- Support 2nd line activity in providing assurance across the Barriers to Resolution that Monzo is in scope for.
- 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.
You should apply if:
- 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 resolution planning, 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 new bank.
- Have experience building strong relationships with stakeholders at all levels within the business.
- Strong written communication style.
The Interview Process:
Our interview process involves 3 main stages:
- 30 mins phone call with a recruiter
- An initial call with someone from the team
- 2-3 interviews remotely via hangouts
Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on [email protected]
What’s in it for you:
📍This role can be based in our London office, but we’re open to distributed working within the UK (with ad hoc meetings in London).
⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.
📚Learning budget of £1,000 a year for books, training courses and conferences
➕And much more, see our full list of benefits here
If you prefer to work part-time, we’ll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.
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 Reportand 2021 Gender Pay Gap Report.
We’re an equal opportunity employer. All applicants will be considered for employment without attention to ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity status or disability status.
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