Head of Professional Practices

Position Overview

• Location Type: London or Remote UK
• Job Type: Full-time
• Salary: £110,000 - £120,000 + Benefits

Monzo is on a mission to make money work for everyone by simplifying traditional banking. With a decade of growth in the UK, Monzo offers personal and business accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards, with plans for future expansion. Customers can also save, invest, and combine pensions with Monzo. Known for its distinctive hot coral cards, early payday feature, financial education on social media, and award-winning customer service, Monzo focuses on solving customer problems and changing lives.

About the Internal Audit Team

Internal Audit serves as Monzo’s Third Line of Defence, supporting the company's safe growth. The team is seeking a passionate Head of Professional Practices to manage the Internal Audit Collective's operations efficiently during a period of rapid growth. The Professional Practices team will comprise the Head of Professional Practices, an Internal Audit Manager, and a Data Analyst, reporting to the Chief Internal Audit.

Responsibilities

• Professional Practices Framework: Own the overarching Professional Practices, Board Reporting, and Quality Assurance Framework for the Group Internal Audit Collective.
• Methodology Alignment: Ensure Internal Audit Methodology and operations align with IIA Standards and the Internal Audit Code of Practice.
• Process Improvement: Manage and drive process improvements, change, and innovation in transforming internal audit practices.
• Data Analytics Framework: Own the Data Analytics framework, including definition and maintenance of standards, audit expectations, and collaboration with data teams. Ensure timely resource allocation for audit portfolios.
• Framework Evolution: Ensure the Data Analytics framework evolves with the organization and the Internal Audit Collective.
• Operational Efficiency: Ensure the framework supporting the Collective’s operations is effective and efficient.
• Strategic Initiatives: Oversee (and where applicable, own) programs of strategic initiatives within the Internal Audit Collective.
• Board Reporting: Own the Collective’s Board Reporting process, ensuring timely delivery of Board Committee outputs and relevant Management Information.
• Quality Assurance: Execute and report on the Internal Audit Quality Assurance program, ensuring timely and efficient feedback for enhancements.
• Team Support: Support other Internal Audit priorities and initiatives, including talent and performance management, recruitment, professional development, and learning.

Requirements

• Minimum 10 years of experience as an Internal Audit Professional in fast-moving environments with developing risk and control frameworks.
• Extensive knowledge and experience managing Internal Audit operations across key domains: Professional Practices, Board Reporting, Quality Assurance, Data Analysis, and Project Management.
• Skilled in relationship development and effective communication.