Senior Financial Risk Manager

EngineersOfAI; Dublin; Hybride; EUR 92 000 - 112 000; Plein temps

Avantages offerts par ce poste

Incentive awards tied to performance

Résumé du poste

Monzo is seeking a senior technical specialist in Financial Risk within the 2nd line of defence in Dublin. You will support the Director delivering oversight across IRRBB, ICAAP, stress testing, liquidity and ALM, ensuring models and frameworks are fit-for-purpose.

As a CF-2, you will meet Central Bank of Ireland Fitness and Probity standards, and operate under IA Framework Conduct Standards. You’ll provide independent challenge to model development and governance.

Qualifications

• Experience in financial risk management and regulatory frameworks.
• Proven ability to validate and challenge risk models.
• Knowledge of Central Bank of Ireland expectations.

Responsabilités

• Lead 2LoD validation of financial risk models (IRRBB).
• Oversee model governance and documentation.
• Support ICAAP development and stress testing.
• Provide independent challenge to first-line usage.

Connaissances

IRRBB

ICAAP

Model validation

Regulatory oversight

2LoD governance

Description du poste

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

Dublin, Ireland | €92,000 - €112,000, Incentive Awards tied to your performance benefits | Hear from the team

Our Risk team

This role sits within our 2nd line of defence risk management team. Acting as a senior technical specialist within the Financial Risk function, it will involve supporting the Director in delivering robust oversight across several financial risk disciplines. The role has a strong focus on IRRBB, capital adequacy and stress testing (ICAAP), and liquidity and balance sheet risk (ALM), ensuring that frameworks, models, and methodologies are fit-for-purpose, compliant, and aligned with regulatory expectations.

The role you are applying for is a Controlled Function (CF-2) within the meaning of the Central Bank Reform Act, 2010. For this role, appointment will be conditional on Monzo being fully satisfied that the appointee meets the requirements as set out in the Fitness and Probity Standards issued by the Central Bank of Ireland. As a CF, the role holder will be subject to Conduct Standards under the Central Bank of Ireland Individual Accountability Framework (IAF) and will be required to take reasonable steps to ensure that the relevant conduct standards are met.

You’ll play a key role by…

Driving delivery of the Financials Risk Functions objectives across the following areas of responsibility:

Technical Leadership – Financial Risk Models & IRRBB

• Leading independent 2LoD validation and review of financial risk models, with a focus on; Interest Rate Risk in the Banking Book (IRRBB), behavioural models (e.g. deposits, prepayments) and hedging strategies and valuation approaches
• Assessing model design, assumptions, limitations, and performance, ensuring alignment with regulatory expectations (e.g. EBA IRRBB guidelines)
• Providing independent technical challenge to first line model development and usage
• Overseeing overarching model governance, including validation cycles, documentation standards, and model risk controls
• Supporting development and enhancement of IRRBB measurement methodologies (e.g. EVE, NII metrics)

Capital Adequacy, ICAAP & Stress Testing

• Playing a leading role in ICAAP development, review, and ongoing enhancement
• Providing independent oversight and challenge of; capital adequacy assessments, risk quantification methodologies, scenario design and stress testing frameworks and risk appetite calibration
• Designing and reviewing stress testing scenarios (macroeconomic, idiosyncratic, reverse stress)
• Assessing capital planning and forecasting, including base and stressed balance sheet projections
• Ensuring ICAAP documentation meets regulatory standards and a