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Regulatory Reporting Manager (EU)

Monzo

Monzo

Legal
London, UK
Posted on Nov 20, 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 | 💰£80,000 - £90,000 ➕ | Benefits | Hear from the team

⭐️ About the role

We are looking for a Regulatory Reporting Manager, who will form part of our Group Regulatory Reporting team in the UK.

The role is primarily responsible for establishing and overseeing Regulatory Reporting in other jurisdictions, including the EU. The focus will be on working with internal and external stakeholders to identify Monzo’s various Regulatory Reporting requirements (e.g. COREP, FINREP), and implement the processes and procedures required to address them.

Combining the learnings of some of the fastest growing tech companies in the world with your own unique approach, you will lead a high-energy, dynamic work stream to foster open, collaborative, and inclusive working, embrace change, and inspire continuous learning. You will help enable Monzo to scale into a world-class, diverse and passionate group of people capable of effecting change across the globe.

🔑 You'll play a key role by

  • Overseeing the identification and interpretation of the regulatory rules and guidance applicable to the regulatory reporting across Monzo Group (UK, EU)
  • Working with a range of internal and external stakeholders (e.g. Treasury, Data, Financial Risk) to navigate complex concepts and achieve the best outcome across Monzo Group
  • Proactively understanding and implementing how Monzo Group has interpreted the regulatory rules and guidance and ensuring ongoing compliance in the production of returns
  • Ensure that the processes and controls in place to support production of returns across Monzo Group are of the highest standard, to facilitate accurate, complete and timely reporting
  • Managing the people and processes that produce our timely, accurate and complete regulatory reporting across Monzo Group
  • Review all capital, liquidity and financial regulatory reporting and any other reporting the Group Regulatory Reporting team oversees
  • Oversee the production and review of Pillar 3 disclosures and ensure consistency across Monzo Group
  • Working closely with our engineers and data scientists to ensure we source the correct data consistently across Monzo Group for regulatory reporting
  • Instilling a culture of continuous improvement throughout and engaging effectively with relevant stakeholders to implement changes that lead to improvement across Monzo Group
  • Play a key role in the automation of Monzo’s regulatory reporting, specifically system implementation, user acceptance testing (UAT) and on-going system maintenance
  • Ensuring that changes to processes that support regulatory reporting across Monzo Group are implemented quickly and safely
  • Developing, implementing and maintaining the governance and control framework required for regulatory reporting and expected by Monzo Group’s Regulators
  • Working with the rest of Monzo to help them understand regulatory implications of new products and services
  • Contribute towards our ambitious expansion plans including supporting the rest of Monzo and ensuring that the Regulatory Reporting team is always an enabler

🤩 We'd love to hear from you if

  • You have experience understanding and operationalising a wide range of regulatory requirements and the associated reporting across the UK and EU
  • You have experience in the large-scale implementation and user acceptance testing (UAT) of automated regulatory reporting solutions
  • You are able to identify areas for improvement, propose dynamic solutions and implement these changes quickly and safely
  • You have excellent planning, organisation and time-management skills and are able to work independently and manage people on this basis
  • You can demonstrate a proven track record of excellent team leadership and coaching skills with the ability to provide empathy and guidance
  • You're excited to leverage technology to automate reporting and capital management with a track record of continuous process improvement
  • You have a great eye for detail and are numerically astute
  • Are self-motivated, ‘hands-on’ and take satisfaction in supporting colleagues, projects or tasks however big or small

The interview process 🌈

Our interview process involves 4 main stages:

  • Phone call with recruiter (30 mins)
  • Initial call with hiring manager (30 mins)
  • Technical interview with hiring manager and team member (45 mins)
  • Monzo behavioural interview (45 min)

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 business-hiring@monzo.com

🙌 What’s in it for you:

💰 £80,000 - £90,000 ➕stock options & benefits

📍This role is based in our London office

⏰ 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

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

Linkedin Tags: #LI-NZ1


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, 2023 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.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊