Financial Control Manager - 12 Month Fixed Term Contract New London

We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. 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.

Our team sits within Monzo’s Finance collective and our job is getting the numbers right. We’re currently a team of five qualified accountants split between our Cardiff and London offices and we ensure the ledger’s correct at every month-end. We work closely with all areas of Finance and the product teams to make that happen.

What you’ll be working on:

• You’ll be managing a small team of Monzonauts day-to-day to make sure our month-end reporting process runs smoothly and accurately. That will involve reviewing the team’s detailed analysis, approving journals, maintaining and adding to our controls, explaining our results to our Financial Reporting team, and acting as a key contact for the rest of Finance into the team.
• We have some really exciting challenges coming up like our new SAP S4/HANA ledger implementation, expanding into the European Union, pushing forward with our automation plans, continuing to grow our customer base, growing our lending business, and adding to our marketplace.
• You’ll work on scaling Monzo in a controlled way, while helping us optimize our financial control processes with the help of technology.
• You’ll report to our head of Financial Control and Operations.
• Supporting the team with their tasks and reviewing their work.
• Managing a tight process with the rest of our internal finance team to ensure a swift and accurate month-end financial close.
• Understanding the business and our products to write insightful management commentary and challenge where needed to make sure we grow safely and efficiently.
• Working with our engineers and data teams to automate the production elements of the team’s role, allowing your team to focus on the parts of the role where their knowledge and skills provide the most value.
• Understanding our existing and new accounting systems and ensuring we are taking advantage of all features we can to minimize manual elements of reporting as well as helping us make a smooth change to our new ledger.
• Being responsible for ensuring our financial reporting policies, procedures, and controls are up to date, relevant, and useful for Monzo and importantly are scalable.
• Working with 2LoD and 3LoD to develop a robust control environment.
• Supporting the full year-end process, from helping the Financial Reporting team draft the annual report to working with external auditors until final sign-off.
• Reviewing new products, assessing the accounting, and implementing them in our banking platform and accounting system.
• Working with the business to assess the impact of changes in accounting standards and making proposals on accounting policy matters for new products launched.
• Working closely with our Treasury team and Product Controller as we build out our range of products and hedging capabilities.
• Reviewing and assessing the accounting impact of new contracts, working closely with the business and Legal before contracts are signed to establish the correct accounting treatment.
• Resolving miscellaneous inquiries and supporting the overall finance team wherever needed - from forecasting and valuations to bank transfers and tax policy research!

We’d love to hear from you if…

• You’re a qualified accountant and have had several years’ experience managing financial reporting/controlling teams and working in a retail banking environment.
• You’re fascinated by the banking and regulatory landscape and have a good understanding of key financial controls.
• You’re a self-starter and enjoy tackling what needs doing, whether it’s making a bank transfer or pulling together reports for management or investors.
• 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!

What’s in it for you:

• 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, at times that suit you and your team.
• Learning budget of £1,000 a year for 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.
• And much more, see our full list of benefits here.

The interview process:

Our interview process involves 3 main stages: Role Specific Interview, Behavioural Interview. Our average process takes around 3-4 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.

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. 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.