Senior Financial Risk and Controls Manager, Monzo
€91-111.5k
+ Incentive Awards tied to your performance
More information about location
2-3 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
€91-111.5k
+ Incentive Awards tied to your performance
More information about location
2-3 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
- Hold a recognised accounting qualification, or be close to qualification, such as ACA, ACCA, CIMA, CPA Ireland or equivalent
- Have detailed experience in audit, financial control, risk assurance, internal controls or regulatory reporting
- Have experience in Banking, fintech or financial services experience
- Can demonstrate a strong understanding of accounting processes, balance sheet controls, reconciliations and financial reporting risks
- Have experience testing or reviewing controls, including assessing design and operating effectiveness
- Can demonstrate strong attention to detail and ability to challenge evidence, assumptions and process weaknesses
- Have experience in documenting robust processes, risks, controls, issues and remediation plans clearly
- Have good interpersonal and influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
- Have the ability to confidently present data in a meaningful and effective way; understanding the needs of the end users and tailoring presentations to their requirements
- Have experience building strong trusted relationships with stakeholders at all levels
What the job involves
- We are looking for a Senior Financial Risk and Controls Manager to join Monzo Bank Europe DAC based in Dublin
- You will help Finance build and maintain a strong risk and control environment as we develop and grow our business across European markets
- You will test key Finance controls, review evidence, support regulatory reporting assurance, track remediation actions and help improve the way Finance manages risk
- Working across Financial Control, Regulatory Reporting, Treasury, FP&A, Tax, Risk & Compliance and Internal Audit, you will bring your accounting expertise, strong attention to detail and a practical approach to controls
- You will be comfortable challenging processes, writing clear findings and helping teams improve
- This is a great role for someone from audit, financial control or risk assurance who wants to help build a high-quality and robust Finance control environment in a growing digital bank
- Maintaining a robust and well-documented risk and control environment by improving documentation, evidence standards and control processes for the Finance team, and helping to ensure Finance-owned risks are aligned with MBEU’s risk appetite and the wider Enterprise Risk Management Framework
- Designing, maintaining and enhancing Finance risk and control matrices for key processes
- Performing regular control testing and review of evidence across Finance processes, including financial reporting, month-end close, balance sheet reconciliations, regulatory reporting, tax, treasury and capital/liquidity-related processes
- Testing Finance controls and assessing design and operating effectiveness. Identifying control gaps, recommending enhancements, and embedding change by tracking remediation actions and progress
- Leading and supporting Finance risk and control self-assessments, including evidence gathering, challenge and documentation
- Preparing concise updates for Finance leadership on control testing results, open issues, remediation progress and emerging risks. Supporting risk assurance reporting to MBEU governance forums
- Working with second-line Risk & Compliance teams on oversight reviews, assurance planning and risk reporting
- Supporting Internal Audit and external audit requests relating to Finance controls
Application process
- An introductory video call with a member of the Monzo Recruitment team
- An initial video call with the hiring manager
- A series of role specific, behavioural & leadership principles interviews
- 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
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
$459m
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.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 52 more jobs at Monzo