Head of Balance Sheet Management

Job Description

📍London

About us:

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.

About our Treasury Team:

Our Treasury team is growing and we’re looking for a Head of Balance Sheet Management (BSM) to join the team. You’ll report into the Deputy Treasurer with oversight from the Treasurer and be responsible for the day-to-day balance sheet risk management and optimisation.

Your core job will be managing all aspects of balance sheet risks, particularly interest rate and liquidity. You will develop and implement the Funds Transfer Pricing (FTP) framework, and enhance the existing Asset and Liability Management (ALM) framework. You will also need to have working knowledge of other areas of Treasury in a bank. This includes understanding of hedging instruments, financial markets and being willing to help and develop the overall Treasury team.

Your day-to-day

You’ll be responsible for:

• Managing all aspects of balance sheet risks, such as interest rate, liquidity including intraday and foreign exchange. Ensuring adherence to the internal and regulatory requirements
• Developing and enhancing the current ALM framework, policies and models including stress testing scenarios/approaches
• Delivering the ILAAP for Monzo and contributing to the production of the applicable ICAAP/RRP/LCP sections
• Delivering the implementation of an ALM system
• Managing and owning relationships with Business units so that the balance sheet risks are understood for new initiatives
• Assisting in working capital management, communicating with business units so they understand their funding needs and develop the Funding Plan accordingly
• Preparing the ALCO pack and presenting at ALCO when required
• Designing and driving the implementation of best practice FTP framework
• Leading, motivating and inspiring the BSM team. Developing capability and ensuring succession planning.
• Promoting and representing Monzo at industry functions/forums to develop and drive initiatives such as balance sheet optimisation strategy
• Developing relationships with regulator where required
• Leading best practice approach to all areas of Treasury operations
• Working with teams across finance, second line & third line defence teams

You should apply if you have:

• Significant experience working at a bank with great knowledge of several areas of Treasury (particularly ALM)
• Extensive knowledge of standards that are expected by regulators and how to deliver against them
• The desire to have a key role in developing how Treasury works at Monzo
• Proven ability to coordinate, participate and lead teams
• Experience building strong relationships with stakeholders at all levels within the business
• Excitement for what Monzo is doing!

The Interview Process:

Our interview process involves 3 main stages:

1. 30 mins phone call with a recruiter
2. An initial call with someone from the team
3. 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, but we're open to distributed working within the UK (with ad hoc meetings in London).

⏰ 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.

Equal Opportunity Statement

We are actively creating an equitable environment for every Monzonaut 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 2022 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.

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