May 8, 2023
You will oversee the daily balance sheet risk management and optimization under the supervision of the Head of Balance Sheet Management (BSM). Your main responsibility will be to evaluate, quantify, and report on all balance sheet risks, with an emphasis on interest rates in the banking book (IRRBB). Additionally, you will strive to improve the present Asset and Liability Management (ALM) framework and support the creation and implementation of the Funds Transfer Pricing (FTP) framework.
Supporting the Head of BSM in managing all aspects of balance sheet risks (with a particular focus on IRRBB)
Reviewing and enhancing the current IRRBB methodologies, processes and models including stress testing scenarios/approaches
Monitoring of all relevant risks, keeping up to date and ensuring compliance with internal and regulatory changes at all times
Making sure the relevant policies and controls are updated regularly to reflect changes in business and regulatory requirements
Supporting the production of ICAAP, particularly on IRRBB capital impacts
Contributing to the implementation of an ALM system
Preparing the ALCO/Board pack, taking meeting minutes and presenting at ALCO when required
Supporting the implementation of best practice FTP framework
Working collaboratively with teams across finance, second line & third line defence teams
Experience working at a bank with great knowledge of several areas of Treasury (particularly IRRBB)
Working knowledge of standards that are required by regulators and how to deliver against them
The desire to have key role in developing how Treasury works at Monzo
Experience building strong relationships with stakeholders at all levels within the business
What we are doing at Monzo excites you!
Your manager reviews your salary every year
Proactive pay increases to reflect growing responsibilities
Share options: the option to buy shares in Monzo at a later date
If you’re employed as a distributed worker, we’ll pay for any equipment you need to do your job
If you’re normally office-based, you can still work from home occasionally - as long as you have a good internet connection and a private, quiet space which allows you to do your best work
We’ve teamed up with Abellio to make season travel tickets easy to buy and more accessible by helping spread the cost of an annual travel ticket interest free over 10 months
24 days’ holiday a year, plus bank holidays - please use them all!
Or, you can opt out of bank holidays and take 32 days’ holiday whenever you like (Customer Operations staff get 256 hours holiday, equivalent to 32 days, and are scheduled to work bank holidays, but can still request annual leave if you’d like)
An extra 1 month’s unpaid leave every year
And we're piloting a sabbatical scheme where folks who've worked at Monzo for 4 years get 3 months of paid leave
Paid sick leave for both physical & mental health
Health insurance via AXA
Additional health insurance through Medicash
Our Employee Assistance Programme offers a 24/7 confidential advice line for health, legal & bereavement support (and loads more)
Fresh fruit in the office (biscuits, quality coffee, tea, and soft drinks too)
We’re a member of the cycle-to-work scheme
Learning budget of £1,000 a year for books, training courses, and conferences
Regular knowledge-sharing sessions with your squad, collective and discipline
A library of industry-related books that you can borrow at any time
We’ll automatically enroll you into our pension scheme with Aviva
We offer a 4% employer contribution (Monzo pays you 100% of your salary, then 4% extra into the pension)
You’ll need to pay 4% too, and you can opt to pay more for the tax benefits!
You can opt-out if you’d prefer not to have a pension at all
Paid maternity, paternity, adoption or shared parental leave, if you’ve been with us for at least 13 weeks
52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
3 months of secondary caregiver leave at 100% pay
Life insurance from Unum
All Monzonauts, including those based outside of the UK, will have access to fertility and family-forming health benefits via Fertifa.
Monthly budgets for squads and managers to use for team activities
Gifts to Monzonauts to say thanks when we reach company milestones & celebrations
Free company merch (we’re talking hoodies, t-shirts and more) for personal milestones such as joining Monzo, becoming a caregiver and your anniversary
Regular socials, such as quizzes, movie nights and bingo, as well as an annual company-wide party
Live weekly yoga you can join in our London office or remotely
Free breakfast, hot and cold drinks, biscuits and fruit every day in our offices
Hot lunches twice a week on us, as well as grab and go options if you’re based at the office
Regular webinars, lunch and learns, and speakers on topics which matter to you
We trust you to work enough hours to do your job well, at times that suit you and your team
If you’re in customer operations, you’ll have set shifts