Regulatory Reporting Manager

Cardiff, Wales, United Kingdom

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£71,000 – £80,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

The ideal candidate will have experience in prudential regulatory reporting, a strong understanding of PRA Rulebook and UK CRR, and the ability to interpret complex regulations. Experience working with engineers and data scientists, and familiarity with automation in regulatory reporting processes are also beneficial.

Responsibilities

The Regulatory Reporting Manager will be responsible for identifying and interpreting applicable rules and regulations, ensuring ongoing compliance in the production of returns, and developing/maintaining processes and controls. This role involves collaborating with internal stakeholders, reviewing financial returns, driving continuous improvement, and playing a key role in the automation of regulatory reporting.

Skills

Regulatory Reporting

Prudential Regulatory Reporting

Capital Reporting

Liquidity Reporting

Financial Returns

PRA Rulebook

UK CRR

Data Analysis

Team Management

Collaboration

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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