Senior Treasury FX Manager

EngineersOfAI; Greater London; On-site; GBP 93,500 - 115,000; Full time

Job summary

Monzo is seeking a Senior Treasury FX Manager (UK) to lead the evolution of its FX strategy. You will bridge Treasury with Data, Product and Engineering to build a scalable automated FX execution environment and oversee risk management and hedging activities.

You will design global FX frameworks, expand currency footprint, and work with stakeholders to enable new markets while maintaining strong controls and liquidity management.

Qualifications

• Demonstrated experience in a fast-paced FX environment, handling spot/forwards/swaps/NDFs.
• Experience designing and deploying FX hedging strategies.
• Ability to own and improve FX execution frameworks and policies.

Responsibilities

• Design and implement an automated FX execution environment to optimise netting and reduce hedging costs.
• Build and maintain relationships with external liquidity providers for better pricing and liquidity.
• Architect data-driven FX hedging strategies with Data, Product and Engineering teams.
• Own the FX execution framework and drive policy and system improvements.
• Lead global FX readiness for new markets within a multi-entity framework and ensure robust risk controls.
• Manage FX exposure against business risk tolerance while supporting product growth.
• Collaborate with Product, Engineering and Data squads on new FX product launches.
• Work with finance and risk to ensure safe, scalable growth.

Skills

FX risk management

Automated execution

Hedging strategy design

Cross-functional collaboration

Liquidity management

Job description

Overview

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.

Location: London | £93,500 - £115,000 depending on experience + Incentive Awards tied to your performance + Benefits

Our Treasury team

We are seeking a high-impact, technically-minded Senior Treasury FX Manager (UK) to lead the evolution of Monzo’s global FX strategy. This is not a traditional “click-and-trade” role; you will be the architectural bridge between Treasury, Data, Product and Engineering squads, building a highly scalable, automated execution environment. You will oversee Treasury FX risk management and hedging strategies - including the in-housing of FX to unlock new revenue streams. As we scale, you will design a global, multi-entity FX framework and drive efficient internal risk aggregation. Additionally, you will support the broader Treasury Markets squad with core structural hedging and liquidity investment management.

You’ll play a key role by…

• Designing and implementing an automated execution environment to optimise netting and minimise hedging costs
• Developing and maintaining relationships with external liquidity providers to drive efficient pricing and optimal liquidity
• Architecting data-driven FX hedging strategies in partnership with Data, Product and Engineering to unlock new revenue streams
• Taking ownership of the FX execution framework, proposing enhancements to policies, controls and systems
• Expanding Monzo’s global currency footprint, leading Treasury readiness for new markets and ensuring robust risk controls within a global multi-entity FX framework
• Optimising capital efficiency by managing FX exposure against business risk tolerance while supporting FX product growth
• Partnering directly with Product squads on new FX product launches, and collaborating with Engineering and Data squads to enhance core internal FX capabilities
• Collaborating with stakeholders across finance, second & third line defence to ensure safe and scalable growth

Qualifications

• Demonstrable experience in a high paced, high-flow FX environment (whether at a bank, asset manager, broker or payment company), covering a broad range of currencies
• Proven proficiency in executing and managing live exposure across spot, forwards, swaps, and NDFs
• A future-focused mindset, for example interest in how blockchain and distributed ledger technology (DLT)