Prudential Risk Manager

Overview

In this role you will provide second-line oversight of prudential risk deliverables and regulatory change impact. You will challenge first-line outputs for ICAAP, Recovery Plan and Resolution Planning, and support the development of financial models used for forecasting, capital planning and stress testing. You will collaborate across the three lines of defence to strengthen risk controls and enable safe growth. This is a scaling bank role with impact on governance, reporting to key risk committees and the Board. You’ll work in a dynamic environment, with flexible UK-based or remote options and a clear mission to grow Monzo safely.

Pay / Benefits

• Incentive Awards tied to performance
• Flexible working hours
• £1,000 learning budget per year
• MacBooks provided
• work-from-home support
• fully remote work options

Responsibilities

• Oversee key regulatory deliverables and enhancement plans in line with Monzo’s approach and industry best practices
• Interpret and challenge regulatory rules, ensuring correct application
• Produce reports and options on Monzo’s financial position and controls for risk committees and the Board
• Collaborate with Group Risk to ensure adherence to the Group Financial Risk Framework and Financial Projections Framework
• Review financial models for forecasting, capital planning and stress testing (ICAAP, Recovery Plan) in G-Sheets and Anaplan, including sensitivity analysis
• Conduct independent assurance to strengthen risk and controls
• Build strong relationships across the three lines of defence and embed prudential risk management activities

Key requirements

• Prudential experience in a bank, consultancy or regulatory body
• Desire to learn and grow within a fast-paced environment
• Knowledge of capital, recovery planning and resolution regulatory requirements
• Advanced Excel/Google Sheets skills
• Experience building or reviewing financial models for forecasting or capital planning
• Ability to analyze data and derive risk insights
• Strong relationship-building and communication with 1LoD stakeholders
• Willingness to learn and develop across multiple areas

• strong written and verbal communication
• relationship building
• robust, informed challenge
• Excel
• G-Sheets
• Anaplan

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