Financial Analyst, Capital and Impairment

Job Description

📍London/Remote

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

Our finance team is growing and we’re looking for a Financial Analyst with a focus on Capital and Impairment . The role supports the management of our capital requirements, capital resources, and impairment. This will involve understanding our prudential regulatory rules, detailed financial analysis and collaborating with teams across the bank.

You will need to have great financial analysis skills, combined with the ability to understand and interpret regulation. Ideally you’d already have knowledge and experience across prudential regulation, covering ICAAP, solvent wind down,recovery planning and resolution planning as well as an understanding of IFRS 9 impairment; if you don’t already have these skills you will learn them.

• Assist the team in the production of Monzo’s ICAAP, Recovery Plan and Resolution Plan.
• ICAAP: support the planning and production in line with Monzo’s requirements.
• Recovery Planning and Resolution Planning: you will support the planning and implementation work in line with Monzo’s recovery and resolution requirements.
• Support activity to ensure we comply with RAF requirements, including OCIR, VIR.
• Supporting the team in the annual ICAAP production.
• Identifying the impact of prudential regulatory change and supporting relevant teams to assess, interpret and adapt to the challenges.
• Support and enhance Monzo’s financial stress testing capabilities, running and building financial models.
• Provide insight into monthly impairment numbers working with teams across Monzo to explain the portfolio dynamics.
• Partnering with teams internally to help them make informed business decisions

• Have prudential regulatory experience at either a bank, a consultancy or a regulatory body and want to apply it to a fast growing new bank.
• Have a good understanding and experience of working with, and analysing financial service balance sheets
• Are interested in identifying and using data, performing analysis and understanding financial impacts on our bank;
• Have a data focused mindset (SQL knowledge would be a bonus)
• You’re comfortable translating complex information into simple words for people with diverse backgrounds
• Are able to work independently, proactively and enjoy a dynamic and changing environment.
• Are keen to learn about and work on areas of the regulatory regime that you may not have previously explored, particularly in the context of a new bank.
• Have experience building strong relationships with stakeholders at all levels within the business.
• What we’re doing at Monzo excites you!

Our interview process involves 3 main stages:

• 30 mins phone call with a recruiter
• An initial call with someone from the team
• 2-3 interviews remotely via hangouts

Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on [email protected]

📍This role can be based in our London office or remote

⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

📚Learning budget of £1,000 a year for books, training courses and conferences

➕And much more, see our full list of benefits here

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

We are actively creating an equitable environment for all of our people to thrive.

Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and 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 , 2021 Diversity and Inclusion Report and 2021 Gender Pay Gap Report .

We're an equal opportunity employer. All applicants will be considered for employment without attention to ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity status or disability status.