Monzo Bank on cord

Monzo Bank

Prudential Risk Manager

External position
Hiring internally for Monzo Bank?
FinTech · Banking
We're here to make money work for everyone
Posted
a week ago
Checked
cord regularly checks that external positions are still open
38 minutes ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Mid, Senior, Lead
Core skills considered: Financial reporting, Financial strategy, Data Analysis
Other skills considered: Excel, Risk mitigation, Stakeholder Management

Logistics

Base salary: ÂŁ65K - ÂŁ80K
Employment type: Permanent
Remote working: Hybrid
Visa sponsorship: Not available

Job Description

Our Prudential Risk team is expanding, and we are searching for a Manager to join our 2nd Line Prudential Risk Oversight team. You will be part of the broader 2LoD Risk and Compliance department here at Monzo.

This represents a fantastic chance to contribute to a scaling bank with high aspirations. By joining the Prudential Risk Oversight team, you will champion our value to "grow Monzo safely." Your focus will involve collaborating with 1st Line Financial Risk to provide expert second-line oversight of their key prudential regulatory deliverables including the ICAAP, Recovery Plan and Resolution Planning. The role will also interpret and assess the impact of regulatory change and support the review and development of financial models used for financial forecasting, capital planning, and stress testing.

Ideally you will have had experiences producing or reviewing regulatory submissions, the role will support the Senior Manager overseeing the ICAAP, Recovery Plan and across all RAF barriers, with a key focus on the financial risk barriers. You will work alongside the first line to provide in-flight review and challenge and complete independent assurance reviews on discrete areas of focus. Part of the role will involve reviewing stress testing outputs from Anaplan for the ICAAP, Recovery Planning and Valuation In Resolution, it would be beneficial to have experience analysing large data sets in excel/g-sheets.

A successful applicant will bring hands-on experience of interpreting and challenging capital prudential regulations and have the ability to develop and build strong working relationships with colleagues across the three lines of defence.


You'll play a key role by…

  • Supporting the oversight of key regulatory deliverable and enhancement plans in line with Monzo's approach, regulatory expectations and industry best practices.
  • Identification and interpretation of regulatory rules, providing oversight and challenge and ensuring these are applied correctly.
  • Support the production of reports and options on Monzo's financial position and controls framework for key risk committees and the Board, making recommendations for ensuring controls are effective and prudential regulatory compliance.
  • Work alongside the Group Risk team to ensure Monzo's Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place.
  • Review financial models used for financial forecasting, capital planning and stress testing (including the ICAAP and Recovery Plan), owned by the 1st Line of Defence, within G-Sheets and Anaplan, including running sensitivity analysis and forming insights, observations and recommendations.
  • Conduct discrete pieces of assurance to support the strengthening of risk and controls in Monzo.
  • Develop strong relationships with colleagues to support the embedding of prudential risk management activity.

We'd love to hear from you if…

  • You have relevant prudential experience gained within a bank, a consultancy, or a regulatory body.
  • You have a genuine desire to learn and grow, and you are excited about building enhanced 2LoD oversight within a dynamic, fast-paced environment.
  • Have in-depth knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, recovery planning and resolution, and the ability to interpret what that means for the relatively unique circumstances of our bank.
  • Have advanced Excel/ G-sheet skills and experience of building or reviewing financial models to support financial forecasting or capital planning, preferably relevant to a retail bank.
  • Are interested in analysing data, performing analysis and understanding the impact on our bank to form risk insights.
  • You are a good relationship builder who can develop productive working connections with 1LoD stakeholders across all levels of the business, whilst maintaining the ability to provide robust, informed challenge and review to ensure our safe growth.
  • Strong written and verbal communication style.

We are looking for someone who has a strong foundation in several of these areas, with plenty of room and support to learn and develop the rest within the role.

Company Benefits

Compensation
  • Your manager reviews your salary every year
  • Proactive pay increases to reflect growing responsibilities
  • Share options: the option to buy shares in Monzo at a later date
📆 Flexible working hours
  • We trust you to work enough hours to do your job well, at times that suit you and your team
  • If you’re in customer operations, you’ll have set shifts
🏡 Working from home
  • If you’re employed as a distributed worker, we’ll pay for any equipment you need to do your job
  • If you’re normally office-based, you can still work from home occasionally - as long as you have a good internet connection and a private, quiet space which allows you to do your best work
  • We’ve teamed up with Abellio to make season travel tickets easy to buy and more accessible by helping spread the cost of an annual travel ticket interest free over 10 months
🌴 Holiday
  • 26 days’ a year, plus bank holidays – or opt out of bank holidays and take 34 days whenever you like
  • 255 hours, equivalent to 34 days, if you’re in Customer Operations (Customer Operations are scheduled to work bank holidays, but can request them off)
  • 1 month’s unpaid leave every year
  • 8 weeks of paid sabbatical leave after every 5 years of service
⛑️ Health & Wellbeing
  • Paid sick leave for physical and mental health
  • Private healthcare cover
  • Additional health cover through the health cash plan
  • An Employee Assistance Programme, with 24/7 confidential support for things like bereavement or health worries
  • Access to the cycle to work scheme for some fresh wheels
📚 Learning
  • Learning budget of ÂŁ1,000 a year for books, training courses and conferences
  • Regular knowledge-sharing sessions with your squad, collective and discipline
  • A library of industry-related books that you can borrow at any time
đź’° Pension
  • We'll automatically enrol you into our pension scheme with Aviva
  • Monzo contributes the equivalent of 4% of your base salary. Monzo will match any additional contributions that you make up to a maximum of 6%
  • You'll need to contribute 4% to, and you can choose to contribute more to take advantage of Monzo's additional contributions!
  • You can opt out if you'd prefer not to have a pension at all
🧡 Family
  • Paid maternity, paternity, adoption or shared parental leave, if you’ve been with us for at least 13 weeks
  • 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
  • Life insurance from Unum
  • All Monzonauts, including those based outside of the UK, will have access to fertility and family-forming health benefits via Fertifa.
👥 Community
  • Monthly budgets for squads and managers to use for team activities
  • Gifts to Monzonauts to say thanks when we reach company milestones&celebrations
  • Free company merch (we’re talking hoodies, t-shirts and more) for personal milestones such as joining Monzo, becoming a caregiver and your anniversary
  • Regular socials, such as quizzes, movie nights and bingo, as well as an annual company-wide party
  • Live weekly yoga you can join in our London office or remotely
  • Free breakfast, hot and cold drinks, biscuits and fruit every day in our offices
  • Hot lunches twice a week on us, as well as grab and go options if you’re based at the office
  • Regular webinars, lunch and learns, and speakers on topics which matter to you
Prudential Risk Manager at Monzo Bank
Position posted a week ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: ÂŁ70K - ÂŁ110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
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