Senior Treasury FX Manager, Monzo
£93.5-115k
+ Incentive Awards tied to your performance
2+ days a week in office
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
£93.5-115k
+ Incentive Awards tied to your performance
2+ days a week in office
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- Demonstrable experience in a high paced, high-flow FX environment (whether at a bank, asset manager, broker or payment company), covering a broad range of currencies
- Proven proficiency in executing and managing live exposure across spot, forwards, swaps, and NDFs
- A future-focused mindset, for example interest in how blockchain and distributed ledger technology (DLT) are transforming traditional FX settlement and processes
- Analytical rigour and forward thinking approach, including familiarity with large data analysis and proficiency in a coding language such as Python or SQL is preferred
- Strategic communication skills, with a demonstrated ability to translate technical Treasury topics for Product and Engineering stakeholders
- A proactive and forward-thinking approach to problem-solving within a rapidly scaling, multi-entity environment
- An open and collaborative communication style, thriving in a cross-functional squad model
- A relevant professional qualification (CFA is preferred)
What the job involves
- We are seeking a high-impact, technically-minded Senior Treasury FX Manager (UK) to lead the evolution of Monzo’s global FX strategy
- This is not a traditional “click-and-trade” role; you will be the architectural bridge between Treasury, Data, Product and Engineering squads, building a highly scalable, automated execution environment
- You will oversee Treasury FX risk management and hedging strategies - including the in-housing of FX to unlock new revenue streams
- As we scale, you will design a global, multi-entity FX framework and drive efficient internal risk aggregation
- Additionally, you will support the broader Treasury Markets squad with core structural hedging and liquidity investment management
- Designing and implementing an automated execution environment to optimise netting and minimise hedging costs
- Developing and maintaining relationships with external liquidity providers to drive efficient pricing and optimal liquidity
- Architecting data-driven FX hedging strategies in partnership with Data, Product and Engineering to unlock new revenue streams
- Taking ownership of the FX execution framework, proposing enhancements to policies, controls and systems
- Expanding Monzo’s global currency footprint, leading Treasury readiness for new markets and ensuring robust risk controls within a global multi-entity FX framework
- Optimising capital efficiency by managing FX exposure against business risk tolerance while supporting FX product growth
- Partnering directly with Product squads on new FX product launches, and collaborating with Engineering and Data squads to enhance core internal FX capabilities
- Collaborating with stakeholders across finance, second & third line defence to ensure safe and scalable growth
Application process
- Call with Recruiter (30 mins)
- Video call with hiring manager (30 mins)
- Technical video interview with hiring manager and treasury stakeholder (60 min)
- Behavioural interview with finance stakeholders (45 min)
- This process should take around 3 - 4 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 🤖
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).
The company launched in the US market in early 2022, partnering with Sutton Bank to provide accounts there. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. It is now moving forward with an IPO, targeting a £6-7 billion valuation
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$454.8m
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
(Vice Chair)Previous ly CEO of the company. 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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