Internal Audit Manager

🚀 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 ✨

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📍Dublin | €66,300-80,730 + share options + Benefits | Hear from the team ✨

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been confusing, complex and not designed with customers in mind. We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves. We're focused on solving customers' problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

⭐ Our Audit team

Internal Audit is Monzo’s Third Line of Defence (3LOD), and we’re here to help Monzo grow safely. As we expand our European operations from our new hub in Dublin, we're looking for our first Internal Audit hire on the ground to support the Head of Audit - EU as we establish the function.

This is a unique opportunity for an experienced Internal Audit Manager to help build and shape the audit presence in our EU entity. You will report to the Head of Audit - EU and provide the Board and Executive Management with independent and objective assurance on the adequacy and functioning of the system of internal controls.

🔑 You’ll play a key role by…

• Supporting the Head of Audit - EU by delivering the internal audit activities for our new EU entity in Dublin, providing independent assurance over a broad range of risks including operational, financial crime, conduct and other regulatory risks.
• Acting as the key liaison between the Dublin-based business and the Group Internal Audit function.
• Completing the end-to-end audit process, ensuring the audit universe for the EU entity is accurate and supporting the delivery of the annual group audit plan in line with our internal audit methodology for EU Audits.
• Supporting the Group Audit team in delivering coverage of EU specific controls/processes as part of Group Audits.
• Forming an independent view of whether key risks to the organisation have been identified, including emerging and systemic risks, and assessing how effectively these risks are being managed.
• Delivering clear, insightful, and pragmatic audit reports, ensuring factual accuracy and managing communications with senior stakeholders in Ireland and across the Group.
• Building and maintaining strong relationships with 1st line and 2nd line stakeholders.
• Performing continuous business monitoring of the EU entity, keeping the Group Audit team updated with current developments and emerging risks.
• Maintaining a strong awareness of the Irish and EU regulatory landscape, emerging risks, and industry best practices.
• Driving continuous improvement in our audit processes and contributing to the delivery of the team's strategic goals.

🤩 We’d love to hear from you if…

• You are a highly motivated self-starter, comfortable working autonomously and building something from the ground up in a fast-paced environment.
• You have significant internal audit experience within the financial services industry (fintech or digital banking is a plus), with exposure to a wide range of risk areas (e.g., operational, financial, conduct, compliance).
• You have experience working within a group function or in a subsidiary environment, understanding the dynamics between group and local entity requirements.
• You can demonstrate strong technical knowledge and application of relevant financial services regulations in Ireland and the EU, such as requirements from the Central Bank of Ireland (CBI) and the European Banking Authority (EBA), Consumer Protection, MiFID II, PSD2, and AML directives.
• You have a strong understanding of the IIA Internal Audit Standards and are comfortable conducting end-to-end audits with a high degree of autonomy.
• You can demonstrate a strong understanding of risk and control frameworks, control design, and various control testing approaches.
• You have a proven ability to influence and challenge senior stakeholders effectively.
• You are a strong team player and value inclusivity and diversity.
• You hold a relevant qualification, e.g., CIA, ACA, ACCA, or CISA.

🙌 What’s in it for you

💰€66,300-80,730 ➕ share options

📍This role will 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

🌈 The application journey has 4 key steps

• 30 min call with the Recruiter
• 30 min call with the Hiring Manager
• 2 x 1 hour technical and behavioural interviews
• 30 min final call with our CIA

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-MOS1

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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 😊