Technology Risk Senior Manager, Monzo
£85-105k
+ Share options
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
£85-105k
+ Share options
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You have demonstrable experience in identifying, assessing, and mitigating technology risks within cloud-native environments, preferably in a banking environment
- You possess strong analytical and problem-solving abilities, capable of interpreting complex technical information and risk data to provide actionable recommendations
- You have excellent communication and stakeholder management skills, with the ability to articulate technical risk concepts to diverse audiences
- You have experience in contributing to the development and implementation of risk management frameworks and methodologies, and a good understanding of relevant regulatory requirements
What the job involves
- We’re looking for a talented and enthusiastic Technology Risk Senior Manager to join our growing Technology Risk Oversight team
- You’ll play a pivotal role in ensuring the security and resilience of our technology estate, protecting our customers' data and maintaining the trust they place in us
- You'll be working in a dynamic, fast-paced environment where you'll have the opportunity to make a real impact on how we manage technology risks
- Proactively identify and assess technology risks across Monzo’s cloud-native infrastructure and applications
- Evaluate the effectiveness of existing controls and recommend improvements
- Analyse and interpret risk data to provide actionable insights
- Contribute to the development and implementation of risk management frameworks and methodologies tailored to a modern, cloud-first environment
- Monitor and report on the status of risk mitigation activities
- Assist in the development of risk appetite statements and tolerance levels
- Communicate complex technical risk information clearly and concisely to both technical and non-technical stakeholders
- Prepare regular risk reports and dashboards for management
- Foster a culture of risk awareness across the organisation
- Stay up-to-date with the latest technology risks, security trends, and regulatory changes
- Contribute to the continuous improvement of risk management processes and tools
- Share knowledge and best practices with the team
Application process
- Short phone call with a member of the hiring team
- Follow up video call with the Hiring Manager
- Final stage 2-part Role Specific and Behavioural interview with members from the wider Risk and Compliance collective
- 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’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
$457.4m
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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