Regulatory Reporting Manager

EngineersOfAI; Greater London; Hybrid; GBP 71,000 - 83,000; Full time

Benefits offered by this job

Incentive awards

Benefits package

Job summary

Monzo is seeking an ambitious Regulatory Reporting professional to help scale our horizon scanning and interpretation activities. You will ensure regulatory guidance is reflected in capital, liquidity and returns, while partnering with engineering and data teams to deliver accurate, timely reporting.

Reporting into the Regulatory Reporting Policy Team Senior Manager, you will foster a collaborative and inclusive environment, driving change with a global, high-energy team committed to continuous

Qualifications

• Experience in regulatory reporting and financial compliance.
• Ability to interpret PRA Rulebook, EU CRR and related guidance.
• Strong collaboration with data scientists and engineers.
• Cross-functional communication with Treasury, Risk and Data teams.
• Ability to translate complex regs into actionable reporting rules.

Responsibilities

• Identify and interpret the rules, regulations and guidance applicable to the Regulatory Reporting team at Monzo, ensuring ongoing compliance in production of returns.
• Develop, implement, document and maintain processes and controls to reflect interpretations.
• Ensure processes and controls produce accurate, complete and timely returns.
• Collaborate with engineers and data scientists to source correct data efficiently, accurately and on time.
• Work with Treasury, Risk, Data and project teams to resolve complex regulatory ambiguities for safe outcomes.
• Provide governance over interpretation of regulations and implementation in reporting outputs.
• Review all capital, liquidity and financial regulatory returns for compliance.
• Drive continuous improvement and effective stakeholder engagement to implement changes.
• Support automation of regulatory reporting including implementation, UAT and maintenance.

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.

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

London / Cardiff / UK Remote | £70,600 - £83,000 + Incentive Awards tied to your performance + Benefits

Our Regulatory Reporting team

We’re searching for an ambitious, innovative and caring professional to help inspire and develop our Regulatory Reporting team.

Reporting into the Regulatory Reporting Policy Team Senior Manager, the role is primarily responsible for ensuring our horizon scanning and interpretation activities (e.g, PRA Rulebook, EU CRR) are correctly reflected in our capital, liquidity and financial returns, and monitoring our adherence to the applicable UK and European prudential rules on an ongoing basis. This includes identifying and defining any changes required to data and production quickly and safely.

Combining the learnings of some of the fastest growing tech companies in the world with your own unique approach, you will manage a high-energy, dynamic workstream to foster open, collaborative, and inclusive working, embrace change, and inspire continuous learning. You will help enable Monzo to scale into a world-class, diverse and passionate group of people capable of effecting change across the globe.

You’ll play a key role by…:

• Proactively identifying and interpreting the rules, regulations and guidance applicable to the Regulatory Reporting team at Monzo, and ensuring ongoing compliance in the production of returns.
• Developing, implementing, documenting and maintaining the processes and controls required to maintain Monzo’s interpretations.
• Ensure that the processes and controls in place to produce returns are compliant with the applicable regulations in order to facilitate accurate, complete and timely reporting.
• Working closely with our engineers and data scientists to ensure we source the correct data efficiency, accuracy and timelines consistently across the reporting suite.
• Working with a range of internal stakeholders, including Treasury, Risk, Data and project teams, to navigate and agree on what can be complex or ambiguous regulations in order to achieve the safest outcome for Monzo.
• Facilitate robust, appropriate governance over the identification and interpretation of the applicable regulations and the implementation of the rule in reporting outputs.
• Review all capital, liquidity and financial regulatory returns and any other returns the Regulatory Reporting team produces to ensure compliance with applicable regulations.
• Instilling a culture of continuous improvement throughout and engaging effectively with relevant stakeholders to implement changes that lead to improvement.
• Play a key role in the automation of Monzo’s regulatory reporting, specifically implementation, user acceptance testing and maintenance.