Join to apply for the Risk Assurance Manager role at Monzo BankJoin to apply for the Risk Assurance Manager role at Monzo Bank We’re on a mission to make money work for everyone.We’re 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 as personal 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 and combine 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!We’re not about selling products - we want to solve problems and change lives through Monzo ️Hear from our UK team about what it's like working at Monzo Dublin | salary dependent on experience + Benefits | Hear from the team Our EU teamMonzo Europe is an Irish-based subsidiary of the Monzo Group which will, upon authorisation, be the base for Monzo’s expansion as a bank into the European Union. We are building a new and exciting financial institution focused on providing innovative and customer-centric banking services across the EU.We are looking for an experienced and proactive Risk Assurance Manager to join our Enterprise Risk Management team. In this role, you will be responsible for providing independent second-line assurance over the design and effectiveness of the bank’s risk management framework, controls and processes. You will help ensure that key risks are being effectively managed in line with regulatory expectations, internal policies, and our risk appetite. This role will report to the Head of Enterprise Risk Management, Monzo EU. You’ll play a key role by...Plan, coordinate, and execute comprehensive risk assurance activities, including effectiveness reviews, to ensure the EU-wide implementation and adherence to the enterprise risk frameworkConduct thorough risk and control identification and testing to evaluate the design and operational effectiveness of mitigation measuresPerform targeted thematic reviews on specific risk areas (eg. financial, conduct, compliance, financial crime, strategic risk etc.) and processes to provide in-depth assurance over design adequacy and operating effectivenessIdentify areas for improvement within the risk management framework and control environment, recommending practical and impactful solutionsProactively engage with business and risk stakeholders to understand their operations and risk profiles, fostering a collaborative risk management cultureContribute to the annual risk assurance plan and deliver assurance activities, providing insightful feedback and tracking remediation efforts, while staying informed of relevant regulations and best practicesDevelop and maintain the second line risk assurance methodology, testing procedures and evidence standards in alignment with our Risk Management FrameworkCollaborate closely with first line teams and other control functions (eg. Internal Audit) while maintaining appropriate independenceContribute to risk governance through reporting to management committees, including thematic insights and trends from assurance activitiesParticipate in the development of risk culture, awareness, and training across the organisation We’d love to hear from you if…You have a strong background in risk assurance, internal audit, or risk management, ideally with experience navigating the European regulatory landscape. Experience in banking is a plus!You possess a deep understanding of risk assurance and management frameworks, methodologies, and best practices, and can apply this knowledge in a practical settingYou have a strong understanding of risk and control frameworks (e.g., COSO, etc) and regulatory expectations for second-line risk oversightYou have a proven ability to plan, coordinate, and execute various risk assurance activities, including effectiveness reviews and thematic deep dives, with clear articulation of findings and root cause analysisYou are skilled in the hands-on identification and testing of risks and controls, with a keen eye for detail and potential weaknessesYou have a track record of identifying areas for improvement within risk management frameworks and recommending practical, effective solutionsYou combine excellent analytical, problem-solving, and investigative skills with strong written and verbal communication abilities to clearly articulate findings and recommendations to diverse stakeholdersYou have excellent written and verbal communication skills, with the ability to challenge constructively and influence stakeholders at all levelsNot ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you! What’s In It For YouCompetitive salary share optionsThis role can be based in our Dublin office, however, you will be expected to travel to Monzo’s head offices in London from time to timeWe 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. Annual Leave - 34 days including public holidays (24 holiday days + 10 public holidays)€1,200 learning budget each year to use on books, training courses and conferencesPrivate healthcare schemePension scheme: the minimum contribution is 4% and Monzo matches any additional contributions that you make up to a maximum of 6%Wellbeing benefits: financial education, women’s and men’s health support, mental health benefits, including coaching and counsellingWe 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 The application journey has 3 key steps30 min call with the Recruiter2 hours of technical and behavioural interviews30 min final chat with our Chief Risk Officer, EUThis process should take around 2-3 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.You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to business-hiring@monzo.com. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.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 everyoneDiversity 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, 2024 Diversity and Inclusion Report and 2024 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. 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