Prudential Risk Manager

🔑You’ll play a key role by…

• Supporting the oversight of key regulatory deliverable and enhancement plans in line with Monzo’s approach, regulatory expectations and industry best practices.  
• Identification and interpretation of regulatory rules, providing oversight and challenge and ensuring these are applied correctly. 
• Support the production of reports and options on Monzo’s financial position and controls framework for key risk committees and the Board, making recommendations for ensuring controls are effective and prudential regulatory compliance. 
• Work alongside the Group Risk team to ensure Monzo’s Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place. 
• Review financial models used for financial forecasting, capital planning and stress testing (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.
• 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.

🤩 We’d love to hear from you if…

• You have relevant prudential experience gained within a bank, a consultancy, or a regulatory body.
• You have a genuine desire to learn and grow, and you are excited about building enhanced 2LoD oversight within a dynamic, fast-paced environment.
• Have in-depth knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, recovery planning and resolution, 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. 
• Are interested in analysing data, performing analysis and understanding the impact on our bank to form risk insights.
• You are a good relationship builder who can develop productive working connections with 1LoD stakeholders across all levels of the business, whilst maintaining the ability to provide robust, informed challenge and review to ensure our safe growth.
• Strong written and verbal communication style.

We are looking for someone who has a strong foundation in several of these areas, with plenty of room and support to learn and develop the rest within the role.

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

• 💰 £64,000 - £80,000 + Incentive Awards tied to your performance benefits.
  
  
• 📍 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, and at times that suit you and your team.
  
  
• 📚 £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.
  
  
• ➕ Plus lots more! Read our full list of benefits.
  
  

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

We’ll close this role once we have enough applications for the next stage, so please apply as soon as you can - we don’t want you to miss out!

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