Monzo

Regulatory Reporting Analyst

Cardiff, Wales, United Kingdom

£50,000 – £57,500Compensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Position Overview

  • Location Type: London, Cardiff, or Distributed
  • Job Type: Full-Time
  • Salary: £50,000 - £57,500 + Benefits

Monzo is on a mission to make money work for everyone. We’re transforming the banking industry by providing innovative and user-friendly financial services. Our product offering has expanded significantly in the UK, including personal and business accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards. We also offer savings, investment, and pension consolidation services. We prioritize customer satisfaction and financial education.

Requirements

  • Part-qualified or qualified accountant
  • Experience working within financial services
  • Previous knowledge of regulatory reporting (e.g., statistical reporting, capital reporting (COREP), liquidity reporting, and financial reporting (FINREP))
  • Strong attention to detail
  • Excellent Excel or Google Sheets skills
  • Basic knowledge of SQL

Responsibilities

  • Producing timely, accurate, and complete regulatory reporting for Monzo’s regulators and associated management information.
  • Interpreting, maintaining, and documenting applicable regulatory interpretations (e.g., PRA Rulebook, UK CRR).
  • Designing and implementing controls to ensure regulatory reporting accuracy and completeness, maintaining regulatory compliance.
  • Facilitating appropriate governance over regulatory reporting and ensuring compliance with the control framework.
  • Implementing and testing (UAT) new releases of the Bank’s automated regulatory reporting tool.
  • Partnering with internal teams to provide regulatory reporting input into new product launches.
  • Ensuring regulatory reporting runs smoothly, leveraging data visualization tools to build dashboards and facilitate insights.
  • Designing brilliant ways to automate work and leverage technology for business scaling.

Application Instructions

  • (Details not provided in the job description)

Company Information

Monzo is a fintech company focused on revolutionizing banking. They offer a range of financial products and services, including bank accounts, credit cards, savings, investments, and pension consolidation. They are known for their customer-centric approach and commitment to financial education.

Skills

Regulatory Reporting
Statistical Reporting
Capital Reporting (COREP)
Liquidity Reporting
Financial Reporting (FINREP)
Excel
Google Sheets
SQL
Regulatory Interpretation
Controls Design
Data Visualization
Automation

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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