Compliance Assurance Manager New Cardiff, London or Remote (UK)

Monzo; Cardiff; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading bank is seeking a Compliance Assurance Manager to oversee compliance risks and ensure regulatory adherence. The role involves conducting assurance reviews, providing expertise, and fostering a positive compliance culture. Flexible working options available.

Benefits

Flexible working hours

£1,000 learning budget

Qualifications

• Experience in compliance monitoring or assurance role within financial services.
• Strong knowledge of FCA Handbook and conduct risks.

Responsibilities

• Conducting assurance reviews of key regulations and processes.
• Providing oversight and support to compliance assurance teams.
• Delivering impactful reports and compliance assurance information.

Skills

Compliance

Conduct Risk

Stakeholder Management

Job 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.

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 ️

We’re looking for a Compliance Assurance Manager to join our second line of defence (2LoD). You’ll help to provide oversight and check and challenge to the first line of defence (1LoD), providing assurance over how Monzo manages conduct risk.

At Monzo we do things differently: we truly care about providing a phenomenal experience for our customers. We believe there’s a better way to do banking, and we want to be the best possible (fully compliant!) bank without getting stuck in the old ways of doing things. We operate a “three lines of defence” model of risk management at Monzo: you’ll be working in the 2LoD as part of our Risk and Compliance Collective, in the Compliance Assurance Team.

• Supporting teams at Monzo to understand the compliance and conduct risks in their area through timely delivery of the Compliance Assurance Plan.
• Conducting end to end assurance reviews of key regulations, processes and controls with high attention to detail. You’ll provide stakeholders with clear feedback to further strengthen Monzo’s control environment. You take a pragmatic approach to really focus on the issues that matter.
• Challenging policies and procedures to ensure that Monzo’s providing good customer outcomes and meeting regulatory requirements.
• Providing subject matter expertise to strengthen the Risk and Compliance function and to support Monzo in growing safely.
• Independently delivering clearly written, impactful reports and compliance assurance management information in a range of formats to audiences across the business. Both of these are delivered with high attention to detail.
• Tracking and validating closures of actions stemming from compliance assurance reviews.
• Exploring new ways to streamline, automate and enhance Monzo’s approach to compliance assurance.
• Providing oversight of/support to the work of other Compliance Assurance Managers/Analysts.
• Delivering other Compliance team activities including the compliance risk assessment, maintenance of the Compliance Assurance methodology and annual planning.
• Inspiring a proactive, positive culture towards regulation and legislation across the bank.
• Delivering continuous improvement to the function and helping to create a ‘centre of excellence’.

We’d love to hear from you if…

• You have experience working in a compliance monitoring, compliance assurance or audit role within a regulated financial services environment. You have practical experience of delivering end to end assurance reviews on a variety of products and regulatory topics.
• You're self-motivated, highly organised and focused on executing well. You’re able to work independently at pace and with changing priorities. You can balance timely delivery of an assurance review alongside other tasks.
• You have a strong knowledge of Monzo’s conduct risks and the FCA Handbook (particularly BCOBS, CONC, SYSC, ICOB and DISP). You also have a great knowledge of other important rules and guidance such as the Consumer Duty and Vulnerable Customers guidance.
• You have the ability to analyse large amounts of information to draw clear, conclusions.
• Experience in a Fintech, data driven or highly automated environment would be a plus.
• You have in depth knowledge of the role of the Risk and Compliance function.
• You have great stakeholder management skills at various levels of seniority. You’re able to build strong, mutually respectful relationships with diverse teams and deliver findings and issues with kindness.
• You are a compliance assurance SME and recognise the value of compliance being a competitive advantage in a business like Monzo.
• You’re excited about the future of banking and want to work with us to shape it safely.

What’s in it for you

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, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

The application journey has 4 key steps:

• Recruiter call - 30 mins
• Initial video interview with hiring manager - 30 mins
• Technical video interview with hiring manager & stakeholder - 60 mins
• Behavioural video interview with two stakeholders - 60 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 [e-mail]

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 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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