Financial Crime Senior Manager, Monzo
EU Expansion
£86-100k
+ Stock options
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
£86-100k
+ Stock options
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 and are comfortable with tools like spreadsheets, BigQuery and Looker
- 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
- You’ll work in a team with dedicated Financial Crime engineers, data scientists and machine learning experts, which helps us to spot, assess and prevent crime quickly
- A Financial Crime Senior 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, Risk and Tech teams to implement solutions to effectively and efficiently manage risks
- Regulatory Engagement: Assist with understanding Financial Crime and Fraud regulatory requirements within new jurisdictions, developing approaches to meet these requirements, and engaging with regulators
- Strategic Oversight: Ensure coordination of international expansion plans across Financial Crime teams
- 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
- Leadership - build and develop an inclusive and high-performing team to support Monzo’s objectives
- Formulating and executing strategic projects aligned with Monzo’s EU expansion
- Defining Financial Crime and Fraud requirements for expansion to new jurisdictions and working with Product, Risk and Technical teams to define solutions and deliver these
- Owning Financial Crime and Fraud 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 Financial Crime Leadership Team for meetings with key stakeholders (e.g. regulators, suppliers, law enforcement)
- Representing the Financial Crime Senior Director in the organisation and at key forums/committees
Application process
- A screening call with a member of the hiring team (30mins)
- An initial call with the hiring manager (30 mins)
- X2 final stage interviews via Google Meet (45-60mins) split into Technical Interview and Culture/Stakeholder Management Interview
- There may be an additional final chat with a key decision maker if you’ve not already met them during the process
- Our average process takes around 3-4 weeks but we will always aim to work around your availability
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
$453m
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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