At a Glance
- Tasks: Lead risk management for Growth, Marketing, and Legal teams at Monzo.
- Company: Join Monzo, a revolutionary bank making money work for everyone.
- Benefits: Enjoy flexible working hours, a ÂŁ1,000 learning budget, and remote work options.
- Why this job: Be part of a mission-driven team that values innovation and compliance in banking.
- Qualifications: Experience in Risk & Control Assessments and data technology is essential.
- Other info: Diversity and inclusion are core values; we welcome all applicants.
The predicted salary is between 90000 - 120000 ÂŁ per year.
Senior Risk & Control Lead – Growth, Marketing and Legal
Join to apply for the Senior Risk & Control Lead – Growth, Marketing and Legal role at Monzo Bank
Senior Risk & Control Lead – Growth, Marketing and Legal
Join to apply for the Senior Risk & Control Lead – Growth, Marketing and Legal role at Monzo Bank
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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
London/Cardiff/UK Remote | ÂŁ106,300 – ÂŁ143,800 + Benefits | Hear from the team
About Our Team
The 1st line Risk & Control Discipline aligns to business areas (“Collectives”) across all of Monzo. Teams across the first line in Monzo seek our guidance on how to ensure we are compliant with regulations and foster a culture of risk-based decisions and careful controls that distinguish us in both banking and technology. Across all of the business areas you support, you will lead the way in real-time risk management by ensuring key risk indicators are well-defined and understood, incidents are managed, MI and reporting packs are created, and risk & control assessments are completed.
We are looking for a Senior Risk & Controls Manager to partner directly with collectives and squads within Growth, Marketing and Legal. You will be critical in leading risk business partnering with these teams to foster a risk-based decision making culture, provide guidance on regulatory compliance in conjunction with Monzo’s second line of defence and advise on correct governance paths. You’ll also make sure area key risk indicators are well-defined and understood, monthly MI and reporting packs are created and risk and control assessments are completed appropriately.
You’ll play a key role by…
- Identifying risks on a real-time basis, and ensuring they are appropriately controlled, measured and monitored
- Proactively making sure incidents are managed, correctly rated and reported appropriately
- Leading risk and control meetings including MI and reporting packs creation, facilitating meetings and ensuring fast-paced risk decisioning
- Leading RCSA activities and ensuring change-based risk & control assessments are created and recorded with high accuracy
- Making recommendations to improve control effectiveness and/or identify where new controls are required, supporting teams in developing new processes and features by embedding good governance, regulatory and risk practices
- Embedding awareness of all of the governance related requirements, regulatory reporting deadlines, audit deadlines and policy update deadlines
- Monitoring completion of risk-mitigating actions to address issue root cases
- Facilitating compliance with policies and helping to change them where necessary
- Acting as a key stakeholder to foster positive relationships across the three lines of defence
- Where required, troubleshooting to help resolve incidents, issues and/or regulatory requests quickly and within the correct boundaries
We’d love to hear from you if…
- You can demonstrate experience in leading Risk & Control Assessments, Control Development, Assurance, Incident Management and Issue & Action Management
- You have experience in data and technology risk areas including a good understanding of GDPR, PECR and evolving considerations for AI and personalisation
- You have experience with Risk Reporting, Governance Meetings and Risk Appetite Metrics
- You’re comfortable working with data and seek automation and technology adoption as default
- You’re resilient and comfortable working in a fast paced environment where the day to day job is constantly evolving and changing
- You’re able to create trusting relationships with key stakeholders
- You’re hands-on and great at delivery and execution including a willingness to get into the detail directly
- You’re able to ask incisive questions to identify gaps and act on them quickly
- You’re experienced with managing multiple deadlines through to completion
- You have excellent attention to detail
- You’re excited about helping Monzo scale in a compliant, thoughtful and controlled
We\’re keen to hire this role, and are particularly interested in people who are immediately available or have a shorter notice period.
What’s In It For You
ÂŁ106,300 – ÂŁ143,800 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)
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.
ÂŁ1,000 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
- Short call with a Monzo Recruiter (W/C 4th August)
- Short call with the Hiring Manager
- Full Loop Interviews (3 x GoogleMeet sessions with relevant stakeholders) (W/C 18th August)
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 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.
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.
#CM-1
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
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Marketing and Sales
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Industries
Banking
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St Albans, England, United Kingdom 5 days ago
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Senior Risk & Control Lead - Growth, Marketing and Legal employer: Monzo Bank
Contact Detail:
Monzo Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk & Control Lead - Growth, Marketing and Legal
✨Tip Number 1
Familiarise yourself with Monzo's mission and values. Understanding their approach to banking and customer service will help you align your answers during interviews, showcasing how your experience can contribute to their goals.
✨Tip Number 2
Network with current or former employees of Monzo on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights into the company culture and expectations for the Senior Risk & Control Lead role.
✨Tip Number 3
Prepare specific examples from your past work that demonstrate your expertise in risk management and compliance. Be ready to discuss how you've successfully led risk assessments and managed incidents in a fast-paced environment.
✨Tip Number 4
Stay updated on the latest trends in data and technology risk, especially regarding GDPR and AI. Being knowledgeable about these areas will not only impress your interviewers but also show your commitment to staying ahead in the field.
We think you need these skills to ace Senior Risk & Control Lead - Growth, Marketing and Legal
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, compliance, and control assessments. Use keywords from the job description to demonstrate that you understand the role and its requirements.
Craft a Compelling Cover Letter: In your cover letter, explain why you're passionate about Monzo's mission and how your skills align with the Senior Risk & Control Lead position. Be specific about your experience in leading risk assessments and managing incidents.
Showcase Relevant Skills: Emphasise your experience with data and technology risk areas, including GDPR and AI considerations. Provide examples of how you've successfully implemented risk controls and fostered a risk-based decision-making culture in previous roles.
Prepare for Interviews: Research common interview questions for risk management roles and prepare your answers. Be ready to discuss your approach to risk assessment, incident management, and how you build relationships with stakeholders.
How to prepare for a job interview at Monzo Bank
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the key responsibilities of the Senior Risk & Control Lead position. Familiarise yourself with risk management concepts, especially in relation to growth, marketing, and legal aspects. This will help you articulate how your experience aligns with the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-time risk management scenarios. Prepare examples from your past experiences where you identified risks, managed incidents, or improved control effectiveness. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Showcase Your Stakeholder Management Skills
Since this role involves partnering with various teams, be ready to discuss how you've built trusting relationships with stakeholders in previous roles. Highlight specific instances where your communication and collaboration skills led to successful outcomes.
✨Demonstrate Your Adaptability
Monzo operates in a fast-paced environment, so it's crucial to show that you're comfortable with change. Share examples of how you've adapted to evolving situations or requirements in your previous roles, and how you can bring that flexibility to Monzo.