[Remote] Finance Internal Controls Analyst at Monzo

Cardiff, Wales, United Kingdom

Monzo Logo
£42,500 – £57,500Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, BankingIndustries

Skills

Key technologies and capabilities for this role

Internal ControlsFinancial ControlsProcess ImprovementAudit SupportControl AnalyticsRoot Cause AnalysisRisk ManagementCompliance

Questions & Answers

Common questions about this position

What is the salary range for the Finance Internal Controls Analyst role?

The salary range is £42,500 - £57,500 plus benefits.

Is this role remote-friendly, and where is it based?

The role supports London, Cardiff, or UK Remote work arrangements.

What are the key responsibilities for this position?

Key responsibilities include providing guidance on financial controls, enhancing the internal control framework, supporting remediation projects, partnering with engineers on automation, coordinating reporting to stakeholders, and performing deep dives for improvements.

What is the team structure for this role?

You'll join the Finance team and report to the Senior Internal Controls Manager, working closely with first and second lines of defence, engineers, and the overall finance team.

What kind of candidate is Monzo looking for in this role?

Monzo is seeking a highly proactive and enthusiastic Finance Internal Controls Analyst to support exciting initiatives like control analytics, process improvements, audits, and EU expansion readiness.

Monzo

Digital-only banking platform for consumers

About Monzo

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

London, United KingdomHeadquarters
2015Year Founded
$1,856.7MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Competitive salary
Flexible working hours
Work from home
Stock options
32 days of paid vacation and public holidays per year
Health insurance
EAP
Learning budget
Home office stipend
Paid parental leave

Risks

Monzo breached UK banking regulations, risking reputational damage and fines.
Expansion into Europe poses regulatory challenges and potential licensing delays.
Reliance on digital platforms makes Monzo vulnerable to technological disruptions.

Differentiation

Monzo offers real-time spending updates and categorized transactions via a mobile app.
The 'Pots' feature allows users to set aside money for specific purposes.
Monzo Plus provides premium features like custom card designs and travel insurance.

Upsides

Monzo secured $400M in 2024, valuing the bank at $5 billion.
The partnership with SignLive enhances accessibility for Deaf customers.
Expansion into Europe in 2025 could significantly increase Monzo's customer base.

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