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Prudential Regulatory Manager - EU



harrow, uk
Posted on Thursday, April 18, 2024

🚀 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 ❤️

Hear from our team about what it's like working at Monzo

📍London, Cardiff or Remote | 💰 £82,000 - £95,000 + Benefits | Hear from the team

⭐Our Finance team

Our finance team is growing and we’re looking for a Prudential Regulatory Manager (18 month fixed term contract) to join us. The role is responsible for understanding our European prudential regulatory requirements, working on projects and submissions relating to these, and collaborating with teams across the bank.

You will need to have a breadth of knowledge and experience across European prudential regulation, ideally covering ICAAP, solvent wind down (SWDP), recovery planning, resolution planning and financial & prudential regulatory reporting. You will have the ability to independently interpret a range of regulations, determine the impact of those on the Group’s EU bank subsidiary, and to manage projects to implement them.

🔑You’ll play a key role by...

  • Supporting with all prudential aspects of Monzo’s EU banking licence application including particularly:
    • ICAAP: supporting the planning and production of the EU ICAAP including administration of Pillar 2R, Pillar 2G stress testing outputs, and the related regulatory reporting requirements.
    • Recovery planning: supporting the planning and production of EU addendums to the Group recovery plan.
    • Solvent wind down/ resolution planning: supporting the planning and production of EU addendums to the Group resolution plan and production of the EU SWDP.
    • Regulatory reporting: supporting with identifying, assessing and addressing the regulatory reporting required by Monzo EU in all applicable jurisdictions
  • Supporting the team to monitor compliance with EU prudential requirements on a forwards looking basis.
  • Development and maintenance of monthly EU key risk indicators for the Assets and Liabilities Committee (ALCo).
  • Identifying the impact of future prudential regulatory change and supporting relevant teams to assess and adapt to the challenges.
  • Assessing the regulatory reporting implications of expanding into the EU, including any iterative requirements, data implications and system enhancements.
  • Liaising with teams across the bank including product, borrowing, finance and risk.

🤩We’d love to hear from you if…

  • You have prudential regulatory experience at either an EU bank, consultancy firm, or regulatory body and want to apply it to a fast growing new EU bank.
  • You have detailed knowledge/experience of the relevant EU regulatory requirements, and the ability to interpret what that means for a new and growing EU bank.
  • You have the ability to coordinate, participate and lead projects to produce regulatory deliverables and maintain the Bank’s set of prudential documentation and supporting materials.
  • You are interested in identifying relevant data, performing analysis and understanding the impact on our bank.
  • You’re able to distil regulatory principles into operational requirements and effectively support those responsible for implementing them.
  • You’re able to work independently, proactively and enjoy a dynamic and changing environment.
  • You hold experience building strong relationships with stakeholders at all levels within the business.

🙌What’s in it for you

💰£82,000 - £95,000 ➕ share options.

📍This role can be based in our London or Cardiff offices, or be 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.

🌈 The application journey has 3 key steps

  • Phone call with Recruiter (30 mins)
  • Initial video call with hiring manager (30 mins)
  • Technical video call with Finance stakeholders (1 hour)
  • Behavioural interview (45 mins)

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

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 but if you do have any specific questions ahead of this please contact us on

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.


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, 2022 Diversity and Inclusion Report and 2023 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.