Risk & Control Manager

1 Month ago • All levels • Risk Management

Job Summary

Job Description

The Risk & Control Manager will support Operations and Products teams in a fast-paced environment. They will lead risk assessments, improve controls, ensure governance compliance, manage the risk and control environment for operations, manage regulatory and audit deadlines, innovate governance processes, and foster positive relationships across teams. The role requires flexibility, and the ability to adapt to changing priorities within a regulated environment. The individual will be a bridge between internal teams and auditors, ensuring Monzo operates compliantly and thoughtfully.
Must have:
  • Considerable risk and control experience in a regulated environment
  • Experience with risk governance meetings and data collation
  • Ability to lead risk assessments for product change
  • Understanding of Consumer Protection Code regulations
  • Experience with control testing and issue management
Perks:
  • Competitive salary and share options
  • Flexible working hours
  • 34 days annual leave (including public holidays)
  • €1,200 learning budget per year
  • Private healthcare scheme
  • Pension scheme with matching contributions
  • Wellbeing benefits
  • Home working setup support

Job Details

🚀 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

Teams across the first line in Monzo seek guidance from the Risk & Control Discipline on how to ensure they are compliant with regulations and Monzo’s Enterprise Risk Management Framework and they also rely on us to create a risk aware culture that distinguishes Monzo in both banking and technology. Within the Operations teams, you will lead the way in real-time risk management by defining and building a scalable set of change procedures, accurately identifying and documenting issues and controls, and change risk assessments are completed in good time across operations domains, also making sure that key risk indicators are well-defined and understood, incidents are managed, MI and reporting packs are comprehensive. 

As a Risk & Control Manager, you will use your passion for risk and control to support our Operations and Products teams as they build and deliver at pace. Monzo is a fast-paced and ever changing environment, flexibility, and openness to pivot and focus on different operations domains as needed is a must. 

 

🔑 You’ll play a key role by...

  • Lead change risk assessments - both general risk and control self-assessments associated with operations, product process and/or tooling changes 
  • Support the first line in developing and improving controls that protect our customer and business needs now and in the future
  • Ensure governance-related requirements are met - including documentation and approvals
  • Manage and report on the risk and control environment (risks, controls, issues, incidents, remedial actions, etc.) for our operations product domain
  • Manage regulatory and audit deadlines and submissions
  • Help innovate and improve on the effectiveness of governance and risk management process to ensure they work for Monzo
  • Help embed robust regulatory, conduct, and operational risk practices and culture
  • Foster positive and collaborative relationships across the three lines of defence


😍 We’d love to hear from you if…

  • You have considerable risk and control experience, across operational and conduct risk, pertaining to customer support operations in a regulated environment
  • You have experience with risk governance meetings / committees, and collating data and writing supporting commentary
  • You have a demonstrable ability to lead risk assessments for product change, with a data-led approach to risk identification, assessment and treatment
  • You have an understanding of the Consumer Protection Code and experience applying these regulations and principles to day-to-day work
  • You have experience with control testing, and issue and action management
  • You’re excited about helping Monzo scale in a compliant, thoughtful and controlled way
  • You’re resilient and comfortable working in a fast paced and ambiguous environment where the day to day job is constantly evolving and changing
  • You are able to meet people where they are at, and be the a bridge between internal teams and represent Monzo before auditors and regulators
  • You are a self-starter, and able to work independently and make prioritisation decisions

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. At Monzo, we’re dedicated to creating a diverse and welcoming team. 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!


🙌 What’s in it for you

💰Competitive salary ➛ share options

📍This role can be based in our 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

🏠We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup. 

 

🌈 The application journey has 3 key steps

  • 30 min call with the Recruiter
  • 30 min call with the Hiring Manager
  • 2 hours of technical and behavioural interviews
  • 30 min final call with our COO, EU

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-OS1

 


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 😊

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About The Company

We’re building the best bank in the world - a bank you'd be proud to use - and that means bringing together a talented team with diverse experiences, backgrounds and skills. We believe there should be an alternative to the banking of the past: we're focused on solving problems, rather than selling financial products, making your financial life simpler, and giving you complete control from your smartphone. Internally, we encourage an open, collaborative, inclusive working environment. We contribute to open source software, and we continually engage with our wonderful community. We’re hiring talented, creative problem-solvers to help us build the bank of the future.

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