Senior Financial Crime Risk Manager, Monzo
€65-80k
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
€65-80k
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You have a depth of expertise in Financial Crime risks and regulatory requirements within financial services across EU jurisdictions
- You have worked closely with Product and Technical teams in defining requirements and developing solutions to complex problems
- You have a track record of driving outcomes by building consensus and influence
- You are passionate about Financial Crime and protecting Monzo and our customers
- You have strong analytical skills
- You are a problem solver who takes initiative to create high impact for stakeholders
- Excel at stakeholder management and coordination across multiple teams
- Are a curious, multi-tasker who thrives in fast-paced, varied environments
- Are organised, detail-oriented, and have excellent time management skills
- Communicate effectively and clearly
What the job involves
- As a Senior Financial Crime Risk Manager who can support our international expansion you'll play a critical role in identifying new regulatory and Financial Crime risk requirements as we expand into new jurisdictions, and work closely with Product, Operations and Tech teams to ensure that MBEU implements solutions to effectively and efficiently manage risks
- Regulatory Engagement: Assist with understanding Financial Crime regulatory requirements within new jurisdictions, developing approaches to meet these requirements, and engaging with regulators
- Strategic Oversight: Ensure that First Line of Defence Financial Crime Operations are operating effectively
- Data-Driven Insight and Storytelling: Use data to create compelling presentations and reports that support Financial Crime prioritisation
- Strategic Doer: Combine hands-on execution with strategic thinking to align cross-functional teams with our Financial Crime vision and strategy
- Stakeholder Collaboration: Partner with Product, Risk, Engineering, Operational and Change teams across Monzo jurisdictions to coordinate key initiatives, ensuring alignment across teams
- Formulating and executing strategic projects aligned with Monzo's EU expansion
- Defining Financial Crime requirements for expansion to new jurisdictions and working with Product, Risk and Technical teams to define solutions and deliver these
- Owning Financial Crime performance data and driving regular reporting to key forums and committees attended by Monzo Senior Leadership
- Collaborating across the company to remove roadblocks and solve complex challenges relating to Monzo's EU expansion
- Preparing the Risk Leadership Team for meetings with key stakeholders (e.g. regulators, suppliers, law enforcement)
- Supporting the Director of Fraud and Financial Crime Risk in the organisation and at key forums/committees
Application process
- If you have a preferred name, please use it to apply. We don't need full or birth names at application stage
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 customer active users. The company faces competition as more traditional banks, such as Goldman Sachs and JP Morgan, 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
$452.6m
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
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
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