Stress Testing, Senior Manager at Monzo Bank

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

20 Jan, 26

Salary

93500.0

Posted On

22 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Stress Testing, Financial Risk, ICAAP, Recovery Planning, SQL, Python, Data Analysis, Stakeholder Management, Communication, Model Development, Process Improvement, Regulatory Reporting, Balance Sheet Analysis, P&L Analysis, Scenario Analysis, Automation

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 ✨ 📍London, Cardiff or Distributed | 💰 from £93,500 + Benefits About our Financial Risk Team: You'll be joining our Financial Risk team, dedicated to Monzo's financial safety. Our core purpose is to ensure the bank remains financially resilient as we scale, no matter the economic environment. We assess Monzo's 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. You'll be part of a collaborative team, working with stakeholders across the bank to solve complex challenges and safeguard Monzo's future. 🔑 What you'll be working on... As a Senior Manager for Stress Testing, you'll 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 Monzo's 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. 🤩 We’d 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. You're excited by the challenge of building a critical new capability from scratch. 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: 💰 from £93,500 ➕ 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 £1,000 a year for books, training courses and conferences ➕ Plus lots more! Read our full list of benefits. 🌈 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. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on business-hiring@monzo.com 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. #LI-NZ1 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

Lead the development and maintenance of Monzo's stress testing framework, ensuring it supports capital and recovery planning. Define and build sophisticated models to project the impact of various scenarios on financial metrics.