Stress Testing, Senior Manager

Monzo; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A progressive fintech company is seeking a Senior Manager for Stress Testing to lead the development of their stress testing framework, ensuring financial resilience in diverse scenarios. This role demands expertise in financial risk and systematic stress testing, offering a competitive salary starting at £93,500 plus stock options. Additional benefits include flexibility in working arrangements, a £1,000 annual learning budget, and comprehensive mental health support.

Benefits

Stock options

Flexibility to work from home

£1,000 annual learning budget

Competitive bonuses

Generous pension contributions

Mental health support

Qualifications

• Significant experience in developing capital or liquidity stress testing frameworks.
• Ability to analyse P&L and balance sheet data.
• Experience in working independently in fast-paced environments.

Responsibilities

• Lead the development of stress testing framework for ICAAP and Recovery Plan.
• Build sophisticated stress testing models for capital adequacy and liquidity position.
• Partner with teams for regulatory submissions and reporting.

Skills

Hands-on experience in developing financial stress testing frameworks

Knowledge of Financial Risk and ICAAP

SQL and Python skills

Excellent communication skills

Stakeholder management

Job description

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.

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.

• 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.

What’s in it for you:

• From £93,500 plus stock options.
• Flexibility to work from home; all employees are given Macbooks and, for fully remote workers, extra support for your work‑from‑home setup.
• Learning budget of £1,000 a year for books, training courses and conferences.
• Professional development and a culture that rewards curiosity and ambition.
• Benefits include competitive bonuses, generous pension contributions, mental health support and a creative, inclusive workplace.

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.