Senior Risk and Controls Manager, First Line Assurance
Senior Risk and Controls Manager, First Line Assurance

Senior Risk and Controls Manager, First Line Assurance

London Full-Time 86000 - 100000 £ / year (est.) Home office (partial)
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Monzo Bank

At a Glance

  • Tasks: Lead a team to enhance risk controls and provide insights for Monzo's growth.
  • Company: Join Monzo, a dynamic fintech company revolutionising banking with innovative solutions.
  • Benefits: Enjoy flexible working hours, a £1,000 learning budget, and remote work options.
  • Why this job: Make a real impact on Monzo's success while fostering a culture of control consciousness.
  • Qualifications: Experience in leading teams, strategic thinking, and a solid grounding in risk processes required.
  • Other info: Interview process is quick and accommodating, ensuring a smooth application experience.

The predicted salary is between 86000 - 100000 £ per year.

Cardiff, London or Remote (UK) | £86,000 - £100,000 + Benefits

About our Risk & Control team: We are looking for a senior leader to join Monzo’s ever-growing, high-performing Risk & Control team! The team provides support, advice and insight to our Accountable Executives in managing their risks. Relationships with them are owned by our Risk Partner teams. This role sits in our central Enablement function, responsible for providing data, systems, and insight to empower our Risk Partners.

You’ll lead the Controls team of professionals who:

  • Manage a programme of controls effectiveness testing;
  • Provide advice on how to optimise our control suite to ensure that Monzo grows safely and that risks are managed as expected;
  • Consistently deliver improved ways of monitoring Monzo’s control performance.

Your day-to-day:

  • Lead on our programme to embed improved, risk-based controls monitoring across Monzo.
  • Lead on our initiative to consider the optimal operating model for controls testing and monitoring, considering how we can further improve the team’s service for its customers in a way that scales as Monzo grows.
  • Lead a team of specialists with good knowledge of Monzo, its ways of working and processes to provide excellent customer service to users of control monitoring outputs from across the 3 lines of defence.
  • Lead the team to deliver on its agreed control testing plans, reporting on findings to stakeholders and helping them to scope improvement activities (if applicable).
  • Use your commercial awareness to help understand and solve controls-related problems with the greatest business impact.
  • Work with our Risk Data and Platform teams to improve the actionable insights from the team’s activities, driving a culture of control consciousness across Monzo.

We’re looking for someone who cares deeply about understanding our business, customers and risks, who can communicate their findings clearly to business partners and can drive actions on top of insights.

We’d love to hear from you if…

  • What we’re doing here at Monzo excites you!
  • You’re impact driven and eager to have a really positive impact on the company, product, users, and very importantly your colleagues as well.
  • You’re a strategic leader with experience of leading initiatives to improve adoption of technology and data solutions.
  • You have experience of leading a team of highly qualified specialists.
  • You’re commercially minded and can help to put controls into business perspective.
  • You’re as comfortable getting hands-on as taking a step back and thinking strategically.
  • You have a self-starter mindset; you proactively identify issues and opportunities and tackle them without being told to do so.
  • You’re a team player whom your colleagues can rely on, able to build relationships with folks across our 3 lines of defence.
  • You have solid grounding in risk and control processes.

The Interview Process:

Our interview process involves three main stages:

  • Chat with a member of the hiring team.
  • Initial call with the hiring manager.
  • 2-part final stage interview (Technical & Behavioural) with members from the wider team.

Our average process takes around 2-3 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 or want to talk through reasonable adjustments ahead of or during application please contact us at any point on business-hiring@monzo.com.

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.

What’s in it for you:

This role can be based in our London or Cardiff office, but we are 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, 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.

Senior Risk and Controls Manager, First Line Assurance employer: Monzo Bank

Monzo is an exceptional employer that prioritises employee well-being and professional growth, offering a flexible working environment in either our vibrant London or Cardiff offices, or remotely across the UK. With a strong focus on collaboration and innovation, we provide a generous learning budget and a culture that encourages strategic thinking and impactful contributions, making it an ideal place for those looking to make a meaningful difference in the financial sector.
Monzo Bank

Contact Detail:

Monzo Bank Recruiting Team

business-hiring@monzo.com

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Risk and Controls Manager, First Line Assurance

✨Tip Number 1

Familiarise yourself with Monzo's values and culture. Understanding what drives the company will help you align your responses during interviews, showcasing how your personal values resonate with theirs.

✨Tip Number 2

Prepare to discuss specific examples of how you've led teams in risk and control processes. Highlighting your leadership experience and strategic thinking will demonstrate your capability for this senior role.

✨Tip Number 3

Research recent developments in risk management and controls within the fintech sector. Being knowledgeable about current trends will allow you to engage in insightful discussions during your interviews.

✨Tip Number 4

Network with current or former employees of Monzo on platforms like LinkedIn. Gaining insider insights can provide you with valuable information about the team dynamics and expectations for the role.

We think you need these skills to ace Senior Risk and Controls Manager, First Line Assurance

Risk Management
Controls Testing
Data Analysis
Commercial Awareness
Strategic Leadership
Team Management
Stakeholder Engagement
Problem-Solving Skills
Communication Skills
Process Improvement
Control Suite Optimisation
Project Management
Adaptability
Customer Service Orientation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in risk management and controls. Use keywords from the job description, such as 'controls effectiveness testing' and 'risk-based controls monitoring', to demonstrate your fit for the role.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for Monzo and the specific role. Discuss how your strategic leadership experience aligns with their needs and provide examples of how you've successfully led teams in similar environments.

Showcase Your Commercial Awareness: Emphasise your understanding of the business impact of risk and control processes. Provide examples of how you've solved controls-related problems in previous roles, demonstrating your ability to think commercially.

Prepare for Interviews: Familiarise yourself with Monzo's culture and values. Be ready to discuss your leadership style and how you foster collaboration across teams. Prepare to answer both technical and behavioural questions, showcasing your problem-solving skills and strategic thinking.

How to prepare for a job interview at Monzo Bank

✨Understand Monzo's Culture

Before your interview, take some time to research Monzo's values and culture. Understanding what drives the company will help you align your answers with their expectations and demonstrate that you're a good fit for their team.

✨Showcase Your Leadership Experience

As a Senior Risk and Controls Manager, you'll need to lead a team of specialists. Be prepared to discuss your previous leadership experiences, focusing on how you've successfully managed teams and driven initiatives that improved processes or outcomes.

✨Prepare for Technical Questions

Given the technical nature of the role, expect questions related to risk management and controls. Brush up on your knowledge of risk frameworks and be ready to discuss specific examples of how you've implemented effective controls in past roles.

✨Demonstrate Commercial Awareness

Monzo is looking for someone who can put controls into a business perspective. Prepare to discuss how you've used your commercial awareness to solve problems and drive business impact in your previous positions.

Senior Risk and Controls Manager, First Line Assurance
Monzo Bank
Location: London
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