[Remote] Stress Testing, Senior Manager at Monzo

Cardiff, Wales, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

Significant, hands-on experience in developing, managing, and documenting financial stress testing frameworks (capital or liquidity) within a regulated bank
Deep knowledge of Financial Risk, ICAAP, and Recovery Planning and how stress testing integrates with these deliverables
Confident analysing P&L and balance sheet data
Ability to communicate complex issues clearly and concisely to senior stakeholders

Responsibilities

Lead the design, development, documentation, and continuous improvement of Monzo's end-to-end stress testing framework for capital and recovery planning
Define and build a suite of sophisticated stress testing models to project the impact of various scenarios on P&L, Balance Sheet, capital adequacy (e.g., CET1 ratio, leverage ratio), and liquidity position (e.g., LCR, NSFR)
Ensure the framework is scalable and adaptable, capable of incorporating new products, business lines, and international operations (e.g., EU, US)
Partner with the wider Prudential delivery team by developing the quantitative analysis, toolkit, and narrative required for regulatory submissions (PRA111) and internal reporting
Work closely with Data, Treasury, Borrowing, and Finance teams to automate and enhance stress testing data, modelling, and reporting infrastructure

Skills

Key technologies and capabilities for this role

Stress TestingFinancial ModelingCapital AdequacyICAAPRecovery PlanningScenario AnalysisRisk ManagementLiquidity AssessmentBalance Sheet AnalysisData AnalysisFinancial ResilienceStrategic Planning

Questions & Answers

Common questions about this position

What is the salary for the Stress Testing Senior Manager role?

The salary starts from £93,500 plus benefits.

Is this role remote or office-based?

The role is based in London, Cardiff or Distributed.

What skills are required for this position?

The role requires expertise in designing and developing stress testing frameworks, building sophisticated models for capital adequacy and liquidity projections (e.g., CET1 ratio, LCR), and ensuring scalability for international expansion.

What is the company culture like at Monzo?

Monzo focuses on solving problems and changing lives through innovative banking, with a collaborative team environment in the Financial Risk team dedicated to financial safety and resilience.

What makes a strong candidate for this role?

Strong candidates will have experience leading the full lifecycle of stress testing frameworks, building models for ICAAP and recovery planning, and ensuring scalability across business areas.

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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