Risk and Control Manager, Monzo
Fixed Term Contract
£72.3-85k
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
£72.3-85k
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You have considerable risk and control experience, across operational and conduct risk in a regulated environment
- You have a demonstrable ability to lead risk assessments, with a data-led approach to risk identification, assessment and treatment
- You have an understanding of how risk frameworks work in practice
- You have experience with issue and action management
- You’re excited about helping Monzo and Habito scale in a compliant, thoughtful and controlled way
- You’re resilient and comfortable working in a fast paced and ambiguous environment where the day to day job is constantly evolving and changing
- You are able to meet people where they are at, and be the a bridge between internal teams
- You are a self-starter, and able to work independently and make prioritisation decisions
- It would be a bonus if you have experience in risk management in mortgage brokerage firms or Consumer Duty and experience applying these regulations and principles to day-to-day work
What the job involves
- As a Risk & Control Manager on a 12 month fixed term contract, you will use your passion for risk and control to support our integration with Habito across all components of our risk framework
- Monzo is a fast-paced and ever changing environment: flexibility, and openness to pivot and focus on different components of our risk frameworks is a must
- Teams across the first line in Monzo seek guidance from the Risk & Control Discipline on how to ensure they are compliant with regulations and Monzo’s Enterprise Risk Management Framework and they also rely on us to create a risk aware culture that distinguishes Monzo in both banking and technology
- Within the Habito integration plan, you will lead the way in creating our approach for real-time risk management by accurately identifying and documenting risks, issues and controls, and also setting the standard on our consumer duty integration activities
- Helping to innovate and improve the embedding of existing of change, governance and risk management process to ensure they work for Habito
- Supporting Habito to develop and improve controls that protect our customer and business needs now and in the future
- Manage and report on Habito' risk and control environment (risks, controls, issues, incidents, remedial actions, etc.) across both product and operational support domains
- Help embed robust regulatory, conduct, and operational risk practices and culture
- Identify and set up appropriate risk appetite metrics and embed reporting of these for Habito
- Foster positive and collaborative relationships across the three lines of defence
Application process
- Our interview process involves 4 main stages:
- Short call with a recruiter
- 30 minute video-call with the hiring manager
- Full-Loop (2 x 60 minute interviews conducted via GoogleMeet)
- This process should take around 2–3 weeks – your schedule is really important to us, so we promise to be as flexible as possible! Please note that the start date for this role is May 2026
- 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
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
$455.3m
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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