# Prudential Risk Manager

**Company**: Monzo
**Location**: Cardiff
**Work arrangement**: remote
**Experience**: senior
**Job type**: full-time
**Salary**: £64,000 - £80,000
**Category**: Finance
**Industry**: Finance

**Apply**: https://job-boards.greenhouse.io/monzo/jobs/8305679?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_0f4b76a7-77c

## Description

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

As a Prudential Risk Manager at Monzo, you will be part of the broader 2LoD Risk and Compliance department. You will champion our value to 'grow Monzo safely.' Your focus will involve collaborating with 1st Line Financial Risk to provide expert second-line oversight of their key prudential regulatory deliverables including the ICAAP, Recovery Plan and Resolution Planning.

The role will also interpret and assess the impact of regulatory change and support the review and development of financial models used for financial forecasting, capital planning, and stress testing.

Key responsibilities:

- Supporting the oversight of key regulatory deliverables and enhancement plans in line with Monzo's approach, regulatory expectations and industry best practices.

- Identification and interpretation of regulatory rules, providing oversight and challenge and ensuring these are applied correctly.

- Support the production of reports and options on Monzo's financial position and controls framework for key risk committees and the Board, making recommendations for ensuring controls are effective and prudential regulatory compliance.

- Work alongside the Group Risk team to ensure Monzo's Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place.

- Review financial models used for financial forecasting, capital planning and stress testing (including the ICAAP and Recovery Plan), owned by the 1st Line of Defence, within G-Sheets and Anaplan, including running sensitivity analysis and forming insights, observations and recommendations.

- Conduct discrete pieces of assurance to support the strengthening of risk and controls in Monzo.

- Develop strong relationships with colleagues to support the embedding of prudential risk management activity.

Requirements:

- Relevant prudential experience gained within a bank, a consultancy, or a regulatory body.

- Genuine desire to learn and grow, and excitement about building enhanced 2LoD oversight within a dynamic, fast-paced environment.

- In-depth knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, recovery planning and resolution.

- Advanced Excel/ G-sheet skills and experience of building or reviewing financial models to support financial forecasting or capital planning.

- Interest in analysing data, performing analysis and understanding the impact on our bank to form risk insights.

- Good relationship builder who can develop productive working connections with 1LoD stakeholders across all levels of the business.

Benefits:

- £64,000 - £80,000 + Incentive Awards tied to your performance.

- Flexible working hours and trust to work enough hours to do your job well.

- £1,000 learning budget each year.

- MacBooks provided for remote workers.

## Skills

### Required
- prudential risk management
- regulatory compliance
- financial modelling
- data analysis
- relationship building

### Nice to have
- Anaplan
- G-Sheets
- ICAAP
- Recovery Plan

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Source: [Apply at job-boards.greenhouse.io](https://job-boards.greenhouse.io/monzo/jobs/8305679?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)