Internal Audit Manager - Conduct and Compliance
Internal Audit Manager - Conduct and Compliance
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Job Description
Were on a mission to make money work for everyone.
Were 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 aspersonal 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 andcombine 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!
Were not about selling products - we want to solve problems and change lives through Monzo
London ca. 80k Salary Share options Benefits Hear from the team
Our Audit team
Internal Audit is Monzos Third Line of Defence and were here to help Monzo grow safely. Internal Audit provides Monzos Board and Executive Management with independent and objective assurance on the adequacy and functioning of the system of internal controls. Were looking for a Conduct and Compliance Internal Audit Manager who will report to the Head of Audit Financial Crime Conduct Compliance and Product.
Youll play a key role by
- Being responsible for providing independent assurance over the design and effectiveness of controls related to conduct risk regulatory compliance and ethical business practices across various business areas.
- Completing audit scoping including documentation of audit scope process understanding risk & control identification and testing strategies.
- Completing audit fieldwork by testing key controls documenting audit workpapers in accordance with our internal audit methodology and writing high quality audit observations.
- Forming an independent view of whether the key risks to the organisation have been identified including emerging and systemic risks and assess how effectively these risks are being managed.
- Delivering clear insightful and pragmatic audit reports ensuring factual accuracy and managing stakeholder communications.
- Maintaining strong relationships with stakeholders to ensure audit issues are resolved promptly and effectively.
- Embedding the use of data analytics as part of the core audit processes (risk assessment and planning audit execution continuous monitoring).
- Performing continuous business monitoring and updating the Audit team with current developments and emerging risks.
- Maintain awareness of emerging conduct risks regulatory developments and industry best practices.
- Ensuring that the audit universe is up-to-date and accurate and supporting the delivery of the annual audit plan including risk assessments and planning.
- Driving continuous improvement in the Audit team and contributing to the delivery of the teams strategic goals.
- Ensuring the principles of integrity objectivity confidentiality and competency are applied and upheld.
Wed love to hear from you if
- You are a highly motivated self-starter and can approach situations with a level of flexibility that allows you to adapt to a fast-paced environment.
- Can demonstrate sound technical knowledge and application of relevant financial services regulatory requirements in the UK and EU (e.g. FCAs SYSC BCOBS COCON PRIN DISP SMCR and PSR CBI and EU EBAs requirements).
- Have experience with internal auditing within fintechs digital banks and financial services industry with a focus on conduct and compliance risk.
- You feel comfortable conducting end-to-end audits autonomously with a moderate level of supervision.
- Have a good understanding of the IIA Internal Audit Standards and strong conduct and compliance knowledge ideally from prior regulatory experience or from within the financial services industry.
- Can demonstrate strong understanding of risk and control control design and control testing approaches.
- Have a strong understanding of internal control frameworks and audit methodologies.
- Have an ability to influence and challenge senior stakeholders.
- You are a strong team player and value inclusivity and diversity.
- Have a relevant qualification e.g. CIA or ICA Diploma.
The application journey has 5 key steps
- Recruiter Call
- Hiring Manager Call - 30 mins
- Role Specific Interview - 60 mins
- Behavioural Interview - 60 mins
- Call with our Chief Internal Auditor - 20 mins
This process should take around 3-4 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.
Youll hear from us throughout the application process but if youve got any questions please reach out to You can also use this email address to let us know if theres anything we can do to make the process easier for you because of disability neurodiversity or anything else.
Well 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 dont miss out.
Whats in it for you
ca. 80K Salary range Share options.
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.
1000 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.
#LI-DH1
Equal opportunities for everyone
Diversity and inclusion are a priority for us and were making sure we have lots of support for all of our people to grow at Monzo. At Monzo were 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.
Were 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 dont need full or birth names at application stage
Employment Type
Intern
