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

Requirements

Candidates should be a part-qualified or qualified accountant with experience working within financial services, possessing previous knowledge of regulatory reporting, including statistical reporting, capital reporting (COREP), liquidity reporting, and financial reporting (FINREP). Strong attention to detail and excellent Excel or Google Sheets skills are required, along with basic knowledge of SQL.

Responsibilities

The Regulatory Reporting Analyst will produce timely, accurate, and complete regulatory reporting for Monzo’s regulators, including associated management information for sign-off. They will interpret and maintain regulatory interpretations, such as the PRA Rulebook and UK CRR, design and implement controls to ensure regulatory reporting accuracy and compliance, facilitate governance over regulatory reporting, implement and test new regulatory reporting tool releases, and partner with internal teams to provide regulatory reporting input into new product launches, ensuring reporting runs efficiently and leveraging data visualization tools for insights.

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.

Key Metrics

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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