Stress Testing, Senior Manager

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

Hear from our UK team about what its like working at Monzo

London Cardiff or Distributed from 93500 Benefits

About our Financial Risk Team:

Youll be joining our Financial Risk team dedicated to Monzos financial safety. Our core purpose is to ensure the bank remains financially resilient as we scale no matter the economic environment. We assess Monzos capital liquidity and overall balance sheet providing the critical data-driven analysis that informs our capital requirements and strategic planning.

As we grow our product offerings and expand into new jurisdictions understanding our resilience to financial shocks is more important than ever and this is where your role comes in. You will be responsible for defining building and maintaining the models that project the impact of severe but plausible scenarios across our entire business. Your work will directly inform our strategic planning capital adequacy (ICAAP) and financial sustainability (Recovery Planning) ensuring Monzo remains safe and sustainable as we scale. Youll be part of a collaborative team working with stakeholders across the bank to solve complex challenges and safeguard Monzos future.

What youll be working on...

As a Senior Manager for Stress Testing youll initially lead the development and maintenance of the full lifecycle of our stress testing framework. This framework will be used to deliver prudential stress testing to support the production of the ICAAP Recovery Plan and understanding the resilience of our balance sheet and risk management strategies. Your core responsibilities will include:

• Framework Development: Lead the design development documentation and continuous improvement of Monzos end-to-end stress testing framework for capital and recovery planning.
• Model Build & Definition: Define and build a suite of sophisticated stress testing models to project the impact of various scenarios on our P&L Balance Sheet capital adequacy (e.g. CET1 ratio leverage ratio) and liquidity position (e.g. LCR NSFR).
• International Scalability: Ensure the framework is scalable and adaptable capable of incorporating new products business lines and our international operations (e.g. EU US).
• Regulatory & Senior Management Reporting: Partner with the wider Prudential delivery team by developing the quantitative analysis toolkit and narrative required for our regulatory submissions (PRA111) and internal reporting.
• Process Improvement: Work closely with Data Treasury Borrowing and Finance teams to automate and enhance our stress testing data modelling and reporting infrastructure.

Wed love to hear from you if...

• You have significant hands-on experience in developing managing and documenting financial stress testing frameworks (capital or liquidity) within a regulated bank.
• You have a deep knowledge of Financial Risk ICAAP and Recovery Planning and how stress testing integrates with these deliverables;
• You should be confident analysing P&L and balance sheet data and be able to communicate complex issues clearly and concisely to senior stakeholders.
• You have robust knowledge and examples of utilising SQL and Python to build and deliver stress testing and analytics. This will be tested via case study;
• You should have excellent communication and stakeholder management skills with the ability to translate complex technical concepts to a non-technical audience;
• You have the ability to work independently and manage multiple priorities in a fast-paced environment. Youre excited by the challenge of building a critical new capability from scratch.

Not ticking every box Thats totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo were dedicated to creating a diverse and welcoming team. If youre passionate about this role and keen to learn and grow with us we encourage you to apply even if you dont have everything thats listed just yet. Drop us your application wed love to hear from you!

Whats in it for you:

from 93500 plus stock 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 at times that suit you and your team.

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.

Learning budget of 1000 a year for books training courses and conferences

Plus lots more! Read our full list ofbenefits.

The application journey has 4 key steps:

- Phone call with Recruiter (30 mins)
- Video call with Hiring Manager (30 mins)
- Technical video call and Case Study with Hiring Manager & Stakeholder (60 mins)
- Behavioural interview (45 mins)

Our average process takes around 3-4 weeks but we will always work around your availability.

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.

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