Prudential Regulatory Risk Analyst

Overview

We’re on a mission to make money work for everyone. We’re moving away from traditional banking complexity. Our product began as a prepaid card and has expanded over the last 10 years in the UK to include personal and business accounts, joint accounts, accounts for 16-17 year olds, a free kids account and credit cards. UK customers can also save, invest and combine their pensions with us.

With our coral cards and a get-paid-early feature, plus financial education on social media and award-winning customer service, we aim to create magical moments for our customers. We’re not about selling products—we want to solve problems and change lives through Monzo.

📍 London or Remote, UK | 💰 £48,500 - £55,000 + share options + Benefits

⭐Our Prudential Risk team

Our Prudential Risk Team is growing and we’re looking for a Prudential Regulatory Risk Analyst to join us within the 2nd Line of defence risk team. The role involves working with 1st Line of defence teams to interpret and apply prudential regulatory requirements, working on projects and submissions, and collaborating with teams across the bank. The core focus is providing cohesive oversight and challenge for regulatory capital and liquidity resource/requirements rule interpretations and regulatory reporting.

The role also supports interpreting and evaluating the impact of prudential regulation on strategic projects and business change (e.g., international expansion and growth opportunities) and the oversight of how such projects affect Monzo’s financial risks.

• Develop and execute the 2nd line of defence approach for the review of prudential regulatory reporting, including interpretation of regulatory reporting guidance and rules.
• Provide independent challenge for regulatory rule interpretations and review 1st Line interpretations, offering oversight for regulatory capital resource/requirements rule interpretations and reporting.
• Support reviews of the internal controls framework used for regulatory reporting, with recommendations to ensure effective compliance.
• Review and interpret upcoming prudential policy (e.g., Basel 3.1), PRA SoP, consultation papers and supervisory statements, including analysis of impact on Monzo.
• Assess the impact of new products and business changes on Monzo’s financial risk profile and prudential regulatory compliance.
• Support 2nd line risk oversight and review of the ICAAP in line with Monzo’s approach and industry best practice.
• Conduct discrete assurance activities to strengthen risk and controls in Monzo.
• Develop strong relationships to support embedding prudential compliance activity.
• Support the review of financial models used for forecasting and capital planning (including ICAAP).
• Support 2nd line risk oversight and review of ICAAP and Recovery & Resolution Planning per Monzo’s approach and industry best practice.

• Prudential regulatory experience at a bank, a consultancy or a regulatory body.
• Knowledge/experience of relevant regulatory requirements related to capital and liquidity; ability to interpret implications for Monzo’s context.
• Interest in data identification, analysis and understanding impact on the bank.
• Ability to work independently, proactively, in a dynamic and changing environment.
• Willingness to learn new aspects of regulatory regime, especially in a fast-growing bank.
• Experience building strong stakeholder relationships at all levels.
• Strong written communication style.

Not ticking every box? That’s okay. Monzo values diversity and inclusion and encourages applicants to apply even if not all requirements are met.

• £48,500 - £55,000 plus share options.
• Role can be based in the UK with occasional in-office presence in London (2–3 times per month).
• Flexible working hours with expectation to complete required work in a way that suits you and your team.
• £1,000 learning budget each year for books, courses and conferences.
• Home setup support for remote workers;
  Mac Book provided.
• Plus many more benefits. See full benefits list.

• Phone call with recruiter (30 mins)
• Initial video call with Hiring Manager (30 mins)
• Technical Interview (60 mins)
• Behavioural Round (45 mins)

This process typically takes 2–3 weeks; we aim to be flexible to fit your schedule.

Diversity and inclusion are priorities. We provide strong support for all employees to grow ’re an equal opportunity employer; all applicants will be considered without regard to age, ethnicity, religion, sex, sexual orientation, gender identity, family status, national origin, veteran status, neurodiversity or disability. If you have a preferred name, please use it to apply.