[Remote] Finance Internal Controls Manager, 12 Month Fixed Term Contract at Monzo

Cardiff, Wales, United Kingdom

Apply Now

£71,000 – £80,000Compensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

You are a qualified Accountant with post-qualified experience working in Internal Controls or internal audit (Big 4 or similar)
You have experience in banking, audit and internal controls and have a good understanding of key financial controls
You have a great eye for detail
You’re a self-starter and enjoy tackling what needs doing
You’re comfortable translating complex information into simple words for people with diverse backgrounds
You thrive in a dynamic and constantly evolving environment

Responsibilities

Taking on key risk and control responsibilities, including issues and actions management, maintenance of the finance risk and control register, and coordination of monthly Finance Governance meetings
Overseeing policies and standards management to ensure the financial control framework is robust and well-maintained
Coordinating reporting to management and senior stakeholders on the effectiveness of the financial control framework
Providing guidance and support to the business in demonstrating that the appropriate control environment is in place, particularly with ERP changes and EU expansion
Performing deep dives and reviews to evaluate and improve Monzo’s first-line financial control environment, ensuring readiness for strategic initiatives like EU expansion
Working closely with the second line of defense to enhance Monzo’s risk, controls, and governance framework
Leading and managing strategic projects within Finance to help build and drive financial capabilities across the Bank, including initiatives focused on ERP change and EU expansion
Collaborating with engineers to automate or enhance recurring processes, driving improved control automation and operational efficiency

Skills

Internal Controls

Risk Management

Process Walkthroughs

Audit Validation

Control Performance Reporting

Root Cause Analysis

Financial Governance

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.

Land your dream remote job 3x faster with AI

Try Jobo Free