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Regulatory Reporting Manager

London

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

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

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 team about what it's like working at Monzo ✨

 

📍London | 💰£80,000 -  £87,500 ➕ | Benefits |

About the role:

We are looking for a Regulatory Reporting Manager, who will form part of our Regulatory Reporting team. The role is primarily responsible for ensuring our horizon scanning and interpretation activities (e.g, PRA Rulebook, UK CRR) are correctly reflected in our capital, liquidity and financial returns, and monitoring our adherence to the applicable rules on an ongoing basis. This includes identifying and defining any changes required to data and production quickly and safely.

Combining the learnings of some of the fastest growing tech companies in the world with your own unique approach, you will lead a high-energy, dynamic workstream to foster open, collaborative, and inclusive working, embrace change, and inspire continuous learning. You will help enable Monzo to scale into a world-class, diverse and passionate group of people capable of effecting change across the globe.

Role Responsibilities
You will be responsible for: 

  • Proactively identifying and interpreting the rules, regulations and guidance applicable to the Regulatory Reporting team at Monzo, and ensuring ongoing compliance in the production of returns  
  • Developing, implementing and maintaining the processes and controls required to maintain Monzo’s interpretations, especially including the associated documentation  
  • Ensuring that the processes and controls in place to produce returns are compliant with the applicable regulations, to facilitate accurate, complete and timely reporting   
  • Working closely with our engineers and data scientists to ensure we source the correct data efficiency, accuracy and timelines consistently across production 
  • Working with a range of internal stakeholders, including Treasury, Risk, Data and project teams, to navigate and agree on what can be complex or ambiguous regulations in order to achieve the safest outcome for Monzo 
  • Facilitating robust, appropriate governance over the identification and interpretation of the applicable regulations and the implementation of the rule in production
  • Reviewing all capital, liquidity and financial regulatory returns and any other returns the Regulatory Reporting team produces to ensure compliance with the regulations 
  • Instilling a culture of continuous improvement throughout and engaging effectively with relevant stakeholders to implement changes that lead to improvement 
  • Playing a key role in the automation of Monzo’s regulatory reporting, specifically implementation, user acceptance testing (UAT) and maintenance   
  • Ensuring that changes to processes that support regulatory reporting are implemented quickly and safely  
  • Developing, implementing and maintaining the governance and control framework required for regulatory reporting and expected by our Regulators 
  • Working with the rest of Monzo to help them understand regulatory implications of new products and services
  • Contributing towards our ambitious expansion plans including supporting the rest of Monzo and ensuring that the Regulatory Reporting team is always an enabler 

You should apply if:

  • You have experience understanding and operationalising a wide range of regulatory requirements and the associated reporting
  • You have experience in the large-scale implementation and testing (UAT) of automated reporting solutions  
  • You are able to identify areas for improvement, propose dynamic solutions and implement these changes quickly and safely  
  • You have excellent planning, organisation and time-management skills and are able to manage people on this basis 
  • You can demonstrate a proven track record of excellent team leadership and coaching skills with the ability to provide empathy and guidance
  • You're excited to leverage technology to automate reporting and capital management with a track record of continuous process improvement
  • You have a great eye for detail and are numerically astute
  • Are self-motivated, ‘hands-on’ and take satisfaction in supporting colleagues, projects or tasks however big or small

The interview process:

Our interview process involves 3 main stages: 

  • Phone call with recruiter
  • Initial call with hiring manager (30 mins)
  • Technical interview with hiring manager and team member (45 mins)
  • Monzo behavioural interview (45 min)

Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on business-hiring@monzo.com

What’s in it for you:

 💰 £80,000 -  £87,500 ➕ stock options & benefits 

📍This role is based in our London office

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

📚 Learning budget of £1,000 a year for books, training courses and conferences

➕ And much more, see our full list of benefits here

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

#LI-NZ1

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, 2022 Diversity and Inclusion Report and 2023 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.

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