Treasury Risk Manager

• Join Monzo's expanding Prudential Risk team as a Treasury Risk Manager within the 2nd Line Treasury Risk Oversight team. • Partner with Treasury Markets as they oversee a £9.5 billion portfolio set to scale and diversify across various securities and financial instruments. • Provide robust monitoring and challenge regarding new investment initiatives and current portfolio performance, conducting independent credit reviews, resilience testing, and collateral oversight. • Work remotely from anywhere in the UK or from Monzo's London or Cardiff offices, with flexible working hours.

• Have relevant experience gained within a bank, a consultancy, a credit rating agency, or a regulatory body. • Have a solid understanding of key asset classes in a retail bank's treasury investment portfolio such as Sovereign and Supranational debt, Covered Bonds, ABS, and CLOs. • Understand securitisations including their structural features, underwriting processes, standards, and how to stress test them. • Critically evaluate risk data, with familiarity handling investment prospectuses and the ability to review credit rating agency reports to identify, understand, and challenge key risks. • Possess knowledge of key market products used across FX markets, repos, and interest rate derivatives. • Bring hands-on system and technical experience which may include Bloomberg for pricing, liquidity, and credit analysis, exposure to a Trade Management System, and working use of Python/SQL with ability to develop reporting dashboards. • Be a good relationship builder who can develop productive working connections with 1LoD stakeholders while maintaining the ability to provide robust, informed challenge. • Understand prudential regulatory requirements with a specific focus on liquidity and capital and how they impact a bank's investment portfolio.

• Have hands-on experience using Bloomberg Professional for credit and market analysis. • Bring experience writing independent credit assessments for counterparties and securitisations. • Have experience representing second line of defence in investor roadshows. • Bring experience contributing to wholesale credit risk forums or ALCO packs. • Have understanding of Treasury ALM and its strategic links to Treasury Markets activities.

• Oversee Monzo's growing Treasury investment portfolio and analyse wholesale credit risk via regular monitoring of market and liquidity risks alongside collateral performance monitoring. • Write independent credit assessments for proposed counterparties and securitisations. • Conduct independent stress testing of ABS and CLO structures to evaluate portfolio resilience. • Represent 2LoD in investor roadshows to better understand collateral, structuring, and inherent risks of securities. • Monitor market trends and themes in wholesale credit markets and the wider macroeconomic environment, raising emerging risks to the Treasury Markets team. • Act as a key contributor to the Wholesale Credit Risk Forum, presenting a 2LoD view of the investment portfolio's risk profile. • Review monthly information submitted to ALCO packs and actively contribute 2LoD opinions on specific approval topics. • Play a core role in the 2LoD oversight of new proposals put forward by Treasury Markets within a rapidly growing environment. • Ensure appropriate controls exist and are consistently monitored across all Treasury Dealing activities. • Develop an understanding of Treasury ALM to understand its strategic links to Treasury Markets activities while providing support to ALM risk oversight.

We have been Monzo customers for years and have always loved their beautiful, simple app UI. We believe their product has a positive impact on millions of customers, motivating them to be more conservative with their spending and helping them save money. Monzo, as a company, has consistently grown over the past 10 years and is known for its strong company culture, generous benefits, and leadership that strives to be truly transparent and cares about its colleagues. It is a company that helps you advance your career and grow as a professional, working with great teams. If you like to join a thriving, upcoming bank and help millions of customers lead a financially sound life, Monzo gives you the opportunity to push ahead.

• Earn £63,800–£80,650 plus incentive awards tied to performance. • Receive a Bloomberg Professional licence to support your analysis. • Work remotely from anywhere in the UK or from Monzo's London or Cardiff offices. • Work flexible hours that suit you and your team. • Access a £1,000 annual learning budget for books, training courses, and conferences. • Receive a full work-from-home setup including a MacBook, with extra support for fully remote workers.

Monzo is on a mission to make money work for everyone. Starting as a prepaid card, the product offering has grown over 10 years in the UK to include personal and business bank accounts, joint accounts, accounts for 16–17 year olds, free kids accounts, credit cards, savings, investments, and pension combining. The Prudential Risk team is part of the broader 2LoD Risk and Compliance department, championing Monzo's value to grow safely by providing expert second-line oversight of Treasury Markets' investment activities and execution controls.