Regulatory Reporting Analyst, Monzo
£50-57.5k
Plus share options
More information about location
1+ day a week in office
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
£50-57.5k
Plus share options
More information about location
1+ day 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
- Are a part-qualified/qualified accountant with experience working within financial services
- Have previous knowledge of regulatory reporting, such as statistical reporting, capital reporting (COREP), liquidity reporting and financial reporting (FINREP)
- Are excited by data and have a sharp eye for detail, with amazing Excel or Google Sheets skills
- Have basic knowledge of SQL is highly advantageous
- Have a proven record of delivering to non-negotiable, regulatory deadlines
- Have experience in the large-scale implementation and testing (UAT) of automated reporting solutions
- Hold experience on automating or enhancing recurring processes would be a bonus, particularly by leveraging technology, but know how to balance this with getting the actual reports out!
- Have an open mind, enjoy transparency and think outside the box
What the job involves
- Our Finance team is growing and we’re looking for a curious, adaptive and data-focused Regulatory Reporting Analyst with a strong attention to detail to join our regulatory reporting team at Monzo
- The team is responsible for understanding our financial and prudential regulatory reporting requirements, working on projects and submissions relating to these and collaborating with teams across the bank
- Producing timely, accurate and complete regulatory reporting for Monzo’s regulators (and the associated management information required for sign-off)
- Interpreting, maintaining and documenting the applicable regulatory interpretations, such as the PRA Rulebook and UK CRR
- Designing and implementing controls to ensure regulatory reporting is timely, accurate and complete and that regulatory compliance is maintained
- Facilitating appropriate governance over regulatory reporting and ensuring compliance with the applicable control framework
- Implementation and testing (UAT) of new releases of the Bank’s automated regulatory reporting tool
- Partnering with teams internally to help them make informed business decisions and providing regulatory reporting input into new product launches
- Ensuring any regulatory reporting you’re responsible for runs like clockwork, including leveraging data visualisation tools to build dashboards and facilitate useful insights
- Designing brilliant ways to automate your work and leverage technology to ensure we scale with the business
Application process
- Phone call with recruiter (30mins)
- Initial video call with hiring manager Director (30 mins)
- Technical video call and situational task with Regulatory team (60 mins)
- Behavioural interview with finance team (45 mins)
- Our average process takes around 3-4 weeks but we will always work around your availability
- You will have the chance to speak to our recruitment team at various points during your process
- 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 customer active users. The company faces competition as more traditional banks, such as Goldman Sachs and JP Morgan, 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
$437.7m
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
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
Share this job
View 49 more jobs at Monzo