Head of Enterprise Risk Management, EU

🚀 We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us. 

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!

We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

Hear from our UK team about what it's like working at Monzo ✨

📍Dublin, Ireland  | 💰 competitive salary, share options + benefits | Hear from the team ✨ 

⭐Our Risk team

Monzo Europe is an Irish-based subsidiary of the Monzo Group which will, upon authorisation, be the base for Monzo’s expansion as a bank into the European Union. We are looking for an experienced Head of Enterprise Risk Management to lead the development, implementation and oversight of the Enterprise risk Management framework in Europe. The role holder will be instrumental in developing and maintaining the enterprise risk management processes and standards across the EU. This role reports to the Chief Risk Officer, Monzo Europe. 

🔑You’ll play a key role by…

Enterprise Risk Management (ERM)

• Implementing and maintaining the EU Enterprise Risk Management Framework, ensuring it encompasses all aspects of operations and is aligned with the strategic goals and objectives in Europe.
• Defining and maintaining the EU Risk Appetite Framework and Statement, ensuring it reflects our Attitude to Risk across all material risks.
• Leading the enterprise risk identification and materiality assessment process, covering all material risks inherent to Monzo including emerging risks.
• Assessing and promoting a strong risk culture across the organisation, embedding risk awareness in all levels of the bank.
• Maintaining the EU Risk Taxonomy and risk register, ensuring accurate classification and management of risks and controls.
• Maintaining the impact matrix, ensuring it accurately reflects the potential impact of identified risks.
• Preparing and presenting comprehensive risk reports to the Board and Executive Committees, providing an integrated and holistic view of risks, incorporating point-in-time and forward-looking risk assessments where appropriate.
• Planning, coordinating and executing risk assurance activities including effectiveness reviews ensuring that the risk management framework is effectively implemented and adhered to across the EU.
• Leading the development and delivery of risk training programmes, ensuring all employees are adequately trained in risk management practices.
• Overseeing the functions of the Office of the CRO, including governance cycles, staff communications, resource planning and budgeting, learning and development, vendor management, and secretariat services.

Leadership

• Establishing and leading the Enterprise Risk Management (ERM) function ensuring effective delivery through adequate resourcing, processes and technology in Europe
• Working closely with other senior leaders and first line teams to ensure that Enterprise Risk activities are effectively implemented across the organisation.
• Providing expert guidance and strategic recommendations to senior management and the Board on enterprise risk matters, enabling informed decision-making.
• Engaging with key internal and external stakeholders, including Group functions and external regulators, to ensure that the entity’s enterprise risk management practices are aligned, transparent, effective and compliant.
• Establishing a robust enterprise risk management culture through comprehensive training and awareness programmes.
• Reporting to the Board and Executive-level Committees as appropriate.
• Contributing to the second line Risk Leadership Team (RLT), fostering a collaborative environment across the organisation.
• Ensuring Enterprise Frameworks, Policies, and Standards in Europe are effectively implemented and take account of the Monzo Group activities.

🤩 We’d love to hear from you if…

• You have a minimum of 10 years of experience in enterprise risk management within a banking environment, with at least 5 years in a leadership role.
• You have a strong knowledge of enterprise risk management including risk appetite setting, emerging assessments, stress testing, risk reporting and MI and related regulatory requirements (CBI, EBA, ECB/SSM, Basel, etc).
• You have excellent analytical skills, strong leadership and communication abilities, and proficiency in ERM tools and processes (Risk Appetite, Risk Assessments, Risk Reporting, Risk Governance etc.)
• You have a detailed knowledge of digital banking products and operations and associated risks;
• You have a detailed understanding of enterprise risk management frameworks and techniques in financial technology operations.
• You have excellent verbal and written communication skills, with the ability to influence and engage senior stakeholders.
• You thrive in a fast-paced environment, handling complexity with ease and communicating effectively.
• You are passionate about financial technology and motivated by the opportunity to be at the forefront of banking transformation in Ireland and the EU.

Even better if: 

• You have experience setting up and running ERM processes in Ireland / the EU.
• You have previously held a PCF role or equivalent with a financial services institution in Ireland or an equivalent jurisdiction.

🙌What’s in it for you

💰 A competitive compensation package, composed of a base salary ➕share options.

📍This role will be based in a Dublin office, however you will be expected to travel to Monzo’s head offices in London from time to time.

⏰We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team. 

🏝 Annual Leave - 34 days including public holidays (24 holiday days + 10 public holidays)

📚€1,200 learning budget each year to use on books, training courses and conferences.

🏥Private healthcare scheme

💰Pension scheme: the minimum contribution is 4% and Monzo matches any additional contributions that you make up to a maximum of 6%

💛Wellbeing benefits: financial education, women’s and men’s health support, mental health benefits, including coaching and counselling

🌈 The application journey has 3 key steps

• Introductory call with with a member of the Talent Acquisition team
• Hiring Manager call
• x4 interviews testing technical and behavioural skills

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible! 

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.

You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to business-hiring@monzo.com. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

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.

#LI-ÉS1

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊