Director of Finance at Monzo Bank

Dublin, Leinster, Ireland -

Full Time

Start Date

Immediate

Expiry Date

03 May, 26

Salary

0.0

Posted On

02 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic Financial Leadership, Financial Strategy, Financial Business Partnering, Financial Planning & Analysis (FP&A), Budgeting, Forecasting, Outsourced Financial Functions Management, Audit Oversight, Compliance, Qualified Accountant, Commercial Acumen, Risk Assessment, Stakeholder Management, Team Management, Fintech Trends

Industry

Banking

Description

🚀 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, Ireland | 💰 Competitive remuneration package, share options ➕ benefits | Hear from the team ⭐Our Finance team Our finance team is growing and we're hiring a dynamic Director of Finance to lead our EU financial operations. This strategic role involves commercial leadership, shaping financial strategies for growth and efficiency, and providing key insights to business units. You'll manage budgeting and forecasting, oversee relationships with outsourced providers for accounting and tax, and manage audits. As a leader, you'll ensure financial integrity and support strategic decision-making to achieve Monzo's mission of making money work for everyone. The role you are applying for is a Controlled Function (CF-1) 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 2018 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 and will be required to take reasonable steps to ensure that the relevant conduct standards are met. 🔑You’ll play a key role by… Strategic Financial Leadership: Play a pivotal role in shaping financial strategies to fuel business growth and operational efficiency across EU operations. Stay abreast of market trends, regulatory shifts, and emerging technologies to continuously enhance and innovate financial processes. Serve as a trusted advisor to the CFO and the Executive team, offering strategic insights and guidance on financial matters. Financial Business Partnering: Collaborate with business units, providing financial insights and analytics to inform strategic and operational decisions. Support business initiatives through robust financial analysis and risk assessment, working alongside cross-functional teams. Cultivate strong relationships with senior stakeholders to understand their objectives and tailor financial support accordingly. Financial Planning & Analysis (FP&A): Lead the budgeting and forecasting processes for Monzo EU, ensuring alignment with Monzo’s Group strategic goals. Provide detailed financial analysis and modelling to support strategic initiatives and investment decisions. Identify and analyze key financial metrics to assess performance and recommend improvements. Management of Outsourced Financial Functions: Oversee and manage the relationship with the outsourced provider responsible for financial accounting, statutory financial statements, reconciliations, and tax obligations. Develop and enforce SLAs and performance metrics to ensure high standards of service delivery and compliance with accounting standards and tax regulations. Review and approve all financial reports and statements prepared by the outsource provider to ensure accuracy and compliance. Audit and Compliance Oversight: Manage both internal and external audit processes, ensuring thorough preparation and facilitating audits to meet all regulatory requirements. Liaise with auditors and ensure any findings are addressed promptly and effectively. Maintain strong internal controls and ensure compliance with all financial regulations and standards. 🤩 We’d love to hear from you if… Are a Qualified Accountant with proven experience post qualification. Have Significant experience in a senior finance leadership role, with strong commercial and financial acumen. Demonstrated expertise in banking, business partnering and driving financial strategy aligned to an organisation's core mission and values. Proven track record of working in a business, managing cross functional teams, with multiple stakeholders, including Executive Committee and Board. Strong leadership and team management abilities, with experience working in a dynamic, fast-paced environment, proficient in presenting business and financial data in a simple and meaningful way. Exceptional communication and interpersonal skills, with the ability to influence and collaborate at all organizational levels. Familiarity with digital banking and fintech trends is advantageous. Not 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 you 💰 Competitive remuneration package ➕ share options. 📍This role will have a hybrid working model, based in our Dublin office 2 - 3 days a week ⏰ 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. 🏝 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 conferences. 🏥 Private healthcare scheme 💰Pension 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 counselling 🌈 The application journey has 4 key steps Video Call with Recruiter (30 minutes) Video Call with Hiring Manager (30 minutes) A round of Technical and Behavioural Interviews (60 minutes and 45 minutes) A final Leadership Principles call (30 mins) This 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. #LI-CA1 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, 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. We don't need full or birth names at application stage 😊

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Responsibilities

This strategic role involves leading EU financial operations, shaping financial strategies for growth and efficiency, and providing key insights to business units. Responsibilities include managing budgeting, forecasting, overseeing outsourced accounting/tax providers, and managing audits to ensure financial integrity.