Treasury Product Control Analyst

🚀 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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London/Cardiff/UK Remote | 💰£50,000 - £70,000 dependent on experience + Benefits | Hear from the team ✨

⭐ Our Finance team

We're looking for a highly proactive, enthusiastic and commercially-minded Treasury product control analyst to join our Financial reporting & control team. This role would be well suited to a qualified, or soon to qualify, accountant looking for a first-time move from practice to industry who has an understanding of Treasury products in the context of a banking environment. This understanding includes but is not exhaustive to Treasury investment securities, derivative instruments (interest rate swaps and FX forwards), hedge accounting and financial reporting.

We have some really exciting challenges coming up like systems implementation, expanding into the European Union, continuing to grow our customer base, keep growing our lending business and adding to our marketplace. This all leads to exciting Treasury activity to support this growth whilst managing risk. You’ll work on scaling Monzo in a controlled way, while helping us optimise our financial control processes with the help of technology. You’ll join the Finance team and report to our Treasury Product Controller. 

🔑 You’ll play a key role by...

• Working very closely with our Treasury front office, financial reporting and financial control teams as we continue to build our treasury product control capabilities in Finance.
• Taking ownership of the end-to-end control processes on Treasury products. This includes:
  • Independent trade confirmation for all Treasury deals booked in our Treasury Management System (TMS)
  • Daily collateral management for our derivative and REPO portfolios 
  • Daily profit and loss reporting on Treasury income to CFO/Treasuer
  • Valuation controls around Treasury financial instrument pricing
• Managing the Treasury month-end process, including derivatives and hedge accounting processes. 
• Maintaining existing and developing new treasury related internal controls that protect our financial data and our balance sheet substantiation process, working with 2LoD and 3LoD along the way.
• Supporting our year end processes, preparing Treasury related disclosures, dealing with external audit queries and ad hoc assistance on non-Treasury related aspects of the cycle. 
• Understanding the Treasury business and their products to write insightful management commentary on results.
• Reviewing new Treasury products, assessing and determining the accounting treatment before implementing the GL configuration mapping in our TMS.
• Assisting with the implementation of our new accounting system, from a Treasury perspective, to make sure we are taking advantage of all its features to minimise manual elements of reporting.
• Working with our engineers and data teams to automate the production elements of this role, allowing you to focus on the parts of the role where your knowledge and skills provide the most value.
• Learning SQL skills to run reports and propose solutions that make our processes efficient and scalable.
• Ad hoc support on non-Treasury related initiatives.

🤩 We’d love to hear from you if…

• You’re a qualified, or soon to qualify, accountant and have knowledge and/or understanding of Treasury products in a banking context.
• You have a great eye for detail and a thirst to learn, which sees you develop into the subject matter for all things Treasury.
• You’re fascinated by the banking and regulatory landscape, and have a good understanding of key internal controls.
• You’re a self-starter and enjoy tackling what needs doing, whether it’s confirming trade accuracy or pulling together complex disclosures in a simplified way for derivatives in our annual report.
• You’re comfortable translating complex information into simple words for people with diverse backgrounds.
• You’re interested in using data (SQL skills would be a bonus).
• You thrive in a dynamic and constantly evolving environment.
• What we’re doing at Monzo excites you!

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

💰£50,000 - £70,000 dependent on experience ➕ share options.

📍This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London/Cardiff) 

⏰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. 

📚£1,000 learning budget each year to use on books, training courses and conferences.

🏡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. 

➕ Plus lots more! Read our full list of benefits.

🌈 The application journey has 3 key steps:

• Recruiter Screening Call. 
• 30 Minute Initial Interview with the Hiring Manager. 
• 45 Minute Role Specific Interview.
• 45 Minute Behavioural Interview.

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.

For more insight into the hiring experience at Monzo, check out our blog post. 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-TP2

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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 😊