Third Party Risk Management Senior Analyst, EU at Monzo

Ireland

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€52,000 – €63,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

Minimum of 4 years experience in vendor, outsourcing, or Third Party relationship management, ideally in a regulated financial-services environment
Confident in managing relationships across teams and regions, including intra-group stakeholders
Comfortable working with data, analytics, and MI production, turning complex information into clear, actionable insights
Highly organised, detail oriented, and love keeping processes tidy, traceable, and compliant
Fluent in Google Workspace or Microsoft Office for documentation and reporting
Enjoy working in a collaborative, fast moving environment where learning and ownership are part of everyday life

Responsibilities

Managing and nurturing Third Party and intra-group relationships, building trusted partnerships with service owners, risk leads, and Monzo Group teams
Supporting governance committee preparation, including developing MI packs, maintaining action logs, and surfacing key trends and issues for discussion
Monitoring supplier performance and oversight, reviewing SLA/KPI reports, escalating issues, and ensuring timely remediation actions
Owning the day-to-day integrity of the Third Party register while performing monthly reconciliations and ensuring all data is accurate and complete
Producing and analysing analytics and management information (MI) to support decision making and demonstrate effective Third Party governance
Contributing to continuous improvement across frameworks, governance routines, and tooling to make Third Party management simpler and smarter

Skills

Third Party Risk Management

Outsourcing Management

Risk Governance

Compliance

MI Reporting

Action Logs

Stakeholder Management

Governance Committees

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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