Posted: 18 June
The role
Requirements
Strong technical expertise in one or more of IRRBB modelling and measurement, capital adequacy and ICAAP, liquidity risk and ALM
Experience in model validation, quantitative analysis, or risk methodology development
Deep understanding of prudential regulation (CRR/CRD, EBA guidelines, ICAAP/ILAAP expectations)
Strong analytical and problem‑solving skills with attention to detail
Ability to challenge effectively and communicate complex concepts clearly to senior stakeholders
Experience working with Treasury, Finance, or Risk teams in a banking environment
What the job involves
This role sits within our 2nd line of defence risk management team
Acting as a senior technical specialist within the Financial Risk function, it will involve supporting the Director in delivering robust oversight across several financial risk disciplines
The role has a strong focus on IRRBB, capital adequacy and stress testing (ICAAP), and liquidity and balance sheet risk (ALM), ensuring that frameworks, models, and methodologies are fit‑for‑purpose, compliant, and aligned with regulatory expectations
The role you are applying for is a Controlled Function (CF‑2) within the meaning of the Central Bank Reform Act, 2010
For this role, appointment will be conditional on Monzo being fully satisfied that the appointee meets the requirements as set out in the Fitness and Probity Standards issued by the Central Bank of Ireland
As a CF, the role holder will be subject to Conduct Standards under the Central Bank of Ireland Individual Accountability Framework (IAF) and will be required to take reasonable steps to ensure that the relevant conduct standards are met
Driving delivery of the Financials Risk Functions objectives across the following areas of responsibility:
Technical Leadership – Financial Risk Models & IRRBB
Leading independent 2LoD validation and review of financial risk models, with a focus on; Interest Rate Risk in the Banking Book (IRRBB), behavioural models (e.g. deposits, prepayments) and hedging strategies and valuation approaches
Assessing model design, assumptions, limitations, and performance, ensuring alignment with regulatory expectations (e.g. EBA IRRBB guidelines)
Providing independent technical challenge to first line model development and usage
Overseeing overarching model governance, including validation cycles, documentation standards, and model risk controls
Supporting development and enhancement of IRRBB measurement methodologies (e.g. EVE, NII metrics)
Capital Adequacy, ICAAP & Stress Testing
Playing a leading role in ICAAP development, review, and ongoing enhancement
Providing independent oversight and challenge of; capital adequacy assessments, risk quantification methodologies, scenario design and stress testing frameworks and risk appetite calibration
Designing and reviewing stress testing scenarios (macroeconomic, idiosyncratic, reverse stress)
Assessing capital planning and forecasting, including base and stressed balance sheet projections
Ensuring ICAAP documentation meets regulatory standards and audit expectations
Supporting interactions with regulators on capital‑related topics
Liquidity Risk & Treasury Oversight (ALM)
Providing 2LoD oversight of liquidity risk and funding frameworks, including ILAAP and liquidity risk metrics (LCR, NSFR, survival horizon)
Reviewing and challenging Treasury activities, including; balance sheet management, funding strategies and wholesale credit exposures
Assessing assumptions underpinning liquidity stress testing and contingency funding plans
Providing oversight of ALM practices, including interest rate positioning and structural hedging
Supporting review of Recovery Plan and Solvent Wind Down (SWD) from a liquidity and funding perspective
Risk Monitoring, Reporting & Regulatory Submissions
Leading production and independent review of financial risk MI (capital, liquidity, IRRBB), stress testing outputs and sensitivity analysis
Reviewing and challenging key regulatory submissions, including; ICAAP and ILAAP, pillar 3 disclosures, recovery plan and SWD
Ensuring data integrity, traceability, and auditability of risk outputs
Identifying emerging risks and escape material issues appropriately
Business Partnering & Expert Challenge
Acting as a technical advisor to Treasury, Finance, and Risk teams
Providing credible and constructive challenge on methodologies, assumptions, and decision‑making
Supporting the embedding of robust financial risk practices across the organisation
Contributing technical expertise to strategic initiatives (e.g. product launches, balance sheet optimisation)
Governance & Committees
Supporting preparation of materials for ALCO and Executive and Board Risk Committees
Presenting technical analysis and insights where required
Supporting escalation and documentation of key financial risk issues
Regulatory & Control Environment
Ensuring alignment with CBI, EBA, and other applicable prudential regulations alongside internal financial risk frameworks and policies
Supporting adherence to fitness & Probity standards and individual Accountability Framework (IAF) Conduct Standards
Maintaining high standards of documentation, controls, and audit readiness
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