Prudential Risk Manager

Join Monzo, a scaling bank with high aspirations, as a Prudential Risk Manager. In this role, you will be part of the 2nd Line Prudential Risk Oversight team, collaborating with the 1st Line Financial Risk to provide expert oversight of key prudential regulatory deliverables. You will interpret and assess the impact of regulatory change, support the review and development of financial models, and work alongside the Group Risk team to ensure adherence to Monzo's financial risk framework. This is a fantastic opportunity to contribute to a dynamic and fast-paced environment.

• Collaborate with the 1st Line Financial Risk to provide expert second-line oversight of key prudential regulatory deliverables including the ICAAP, Recovery Plan, and Resolution Planning.
• 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.
• 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.

• 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
• 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
• 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
• Are interested in analysing data, performing analysis and understanding the impact on our bank to form risk insights
• You have relevant prudential experience gained within a bank, a consultancy, or a regulatory body
• 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
• You have a genuine desire to learn and grow, and you are excited about building enhanced 2LoD oversight within a dynamic, fast-paced environment
• Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply, even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!