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Compliance Advisory Manager

Cardiff, London or Remote (UK)

🚀 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 ❤️

 

📍London, Cardiff or Remote | 💰 £59,500 - £70,000 (depending on experience) + Benefits | Hear from the team ✨ 

⭐ Our Compliance Advisory team

We’re looking for a Compliance Advisory Manager to join our second line of defence (2LoD) who specialises in Retail and/or Business Borrowing/Lending.

We’re looking for a pragmatic and collaborative compliance manager with good knowledge of FCA CONC & Consumer Duty rules and associated regulations and hands-on experience of providing compliance advice. You must also be passionate about Monzo's mission to make money work for everyone.

This role will have day-to-day responsibility for advising the Borrowing squad on compliance matters relating to our Borrowing products.  This role reports directly to Monzo’s Head of Compliance Advisory and will be responsible for advising the Borrowing Collective - covering Flex, Loans, Overdrafts, Business lending & Homeownership.

At Monzo we do things differently: we truly care about providing a phenomenal experience for our customers. We believe there’s a better way to do banking, and we want to be the best possible (fully compliant!) bank without getting stuck in the old ways of doing things. We operate a “three lines of defence” model of risk management at Monzo: you’ll be working in 2LoD as part of our Risk and Compliance Collective, in the Compliance Team.

🔑 You’ll play a key role by...

  • Being the first point of contact for compliance advice for our Retail and Business customer propositions.
  • Providing clear and proactive compliance advice to the Borrowing squad, especially on CONC and Consumer Duty.
  • Reviewing customer journeys and communications to help the business deliver good customer outcomes, and flagging any risks.
  • Advising Marketing and Financial Promotion teams on financial promotion rules and guidance.
  • Overseeing regulatory breaches and incidents in relation to Borrowing activity.
  • Learning about the wider Borrowing products (Homeownership) with the aim to expand support to more areas in future.

This role requires strong communication & collaboration skills with a ‘ hands-on ’ approach, to ensure that regulations are fully understood, our products are ‘compliant by design’ and our customers' needs are being met.

🤩 We’d love to hear from you if…

  • You know the Consumer Duty and CONC rules inside out
  • You've got hands-on experience advising on Borrowing products ideally from working at a bank, insurer, or fintech.
  • You like to be where the action is and thrive in fast paced environments.
  • You're a great communicator and problem-solver, good at weighing risks and finding balanced solutions.
  • You can work independently and juggle changing priorities.
  • You're good at building strong relationships with different teams.
  • You're passionate about compliance and excited about the future of banking!

    The Interview Process:

    Our interview process involves three main stages: 

    1. Recruiter Call (30mins)
    2. Initial Call (30 mins)
    3. Final stage (x2 interviews) consisting of a case study, role specific interview, and behavioural interview

    Our average process takes around 3-4 weeks but we will always work around your availability. 

    🙌What’s in it for you

    💰£59,500 to £70,000 ➕ benefits

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

    ⏰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.

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

    #LI-TK1  #LI-Remote

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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Our goal at Monzo is to make money work for everyone. To do that, working at Monzo must work for everyone. We want to create an equitable, engaged and innovative workplace which gives people from all backgrounds the support they need to thrive and grow. 

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