Senior Controls Manager, Monzo
Enterprise Risk Management Framework
£108.7-147.1k
+ Equity
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
£108.7-147.1k
+ Equity
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You bring exceptional risk and control expertise from Banking, Financial Services, or FinTech
- You have a proven ability to influence senior stakeholders and tackle complex issues in matrix environments
- You have a strong track record in managing 1st line risk - and are ‘hands on’ in doing so - with experience growing new business ‘in control’
- You’re a data driven control leader
- You thrive in fast-paced settings, showcasing resilience, adaptability, and exceptional execution skills as the landscape evolves
- You exhibit curiosity and collaboration, adept at asking insightful questions and quickly acting on new information
- Experience in process improvement, deploying AI, and/or working in scaling environments or tech companies is a plus!
What the job involves
- We’re looking for a Senior Manager to join our Controls Discipline. This role is critical in driving greater efficiency and automation across our central control processes, including Issues Management, Policies & Standards, Risk & Control Self Assessment, Regulatory Change & Horizon Scanning and Non-Prudential Regulatory Reporting
- The successful person will help our embedded Control Business Partners and Risk Owners to operationalise all aspects of Monzo’s Enterprise Risk Management Framework (ERMF) in the first line of defence. This requires a Product and Service mindset - equipping the organisation with the platform, processes, data and training to make control management as automated, simple and proportionate as possible
- This is a global capability, delivering to all markets and subsidiaries. Close engagement with Risk & Compliance in the second line is a success measure as they set the risk appetite, frameworks and bar for first line execution
- As a Subject Matter Expert, designing (and re-designing) processes, systems and controls to ensure proportionate and risk based compliance with the ERMF
- Partnering for growth with Risk & Compliance
- Operating with a product and service mindset to deliver value to Risk Owners
- Driving real-time data insights to ensure controls are kept ‘live’
- Elevate Monzo’s control environment to greater maturity and scalability, pioneering a proactive approach to risk management
- Contributing to successful re-platforming across GRC and Regulatory horizon scanning tools
- Fostering positive relationships across the three lines of defence, upskilling risk owners to take greater accountability for control processes, and promoting a transparent risk culture
Application process
- Quick call with a Monzo Recruiter
- Initial Call with Hiring Manager
- 2 - 3 x 60 minute interviews
- This process should take around 4-6 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
- 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
Salary benchmarks
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million active users. The company faces competition from more traditional banks, such as Goldman Sachs and JP Morgan, which have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$450.4m
LATE VC
Total funding: $1.9bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company HQ
City of London, London, UK
Leadership
TS Anil
(CEO)Also a Board Member at Accion. Previously Board Member at UK Finance, Global Head of Payments, Products & Platforms at Visa and was the Global Head of Retail Products at Standard Chartered Bank.
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