• Job Description

  Req#: 5015613

  London or Remote UK | circa £85,000 + Benefits

  About us

  We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

  We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

  We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

  About our Internal Audit team

  Our Internal Audit team is growing and we’re looking for an Internal Audit Manager to join the team. This role will be responsible for audit delivery across Financial Crime, Conduct and Compliance.

  Internal Audit is Monzo’s “Third Line of Defence” (3LoD). Internal Audit provides Monzo’s Board and Executive Management with independent and objective assurance on the adequacy and functioning of the system of internal control. The scope of internal audit covers all activities at Monzo, all areas of current and future risks within Monzo, and an assessment of risk management and mitigation controls in Monzo’s current and expected business environment.

  The role

  You’ll be responsible for:

  • Supporting the Senior Internal Audit Manager and/or the Head of Financial Crime, Conduct and Compliance Audit with planning, scoping and execution of audits and one off targeted change programme reviews.
  • Writing high quality audit observations, completing audit issue validations, and documenting audit workpapers in accordance with our internal audit methodology and regulatory requirements.
  • Delivering value-adding and insightful audit reports, ensuring factual accuracy and managing stakeholder communications.
  • Proactively helping with ad-hoc tasks, as requested by management.
  • Ensuring that the Audit Universe and risk assessments are up to date and accurate.
  • Performing continuous business monitoring and updating the CIA and the Audit Team with current developments and emerging risks.
  • Building strong relationships with key stakeholders and attending key risk committees.
  • Forming an independent view of whether the key risks to the organisation have been identified, including emerging and systemic risks, and assess how effectively these risks are being managed.
  • Embedding the use of data as part of our core audit processes (risk assessment and planning, audit execution, continuous monitoring).
  • Ensuring the principles of integrity, objectivity, confidentiality, and competency are applied and upheld.

  You should apply if you:

  • Are a self-starter and can approach situations with a level of flexibility that allows you to adapt to a fast paced environment.
  • Have a proven track record of identifying, assessing and evaluating risks and controls, advising business stakeholders from a risk perspective, while also understanding the commercial view.
  • Have a good understanding of the Institute of Internal Audit Standards and strong Financial Crime, Conduct and Compliance knowledge from prior regulatory experience or from within a financial institution.
  • Can demonstrate technical knowledge of Financial Crime (Sanctions, AML, CTF, Fraud & ABC), regulatory and legislative requirements (UK regulatory environment - FCA, MLR, UK Bribery Act and JMLSG Guidance).
  • Can demonstrate technical compliance knowledge and the application of FCA rules and guidance, e.g. as COCON, SYSC, PRIN, COBS, DISP, Consumer Duty principles
  • Have a relevant qualification, e.g. CIA, ACAMS, ICA Diploma and CRCM.
  • Are a strong team player and have experience working in a culturally diverse work environment.

  The Interview Process:

  Our interview process involves 4 main stages:

  • Call with our Hiring Team
  • Initial call with a member of the Internal Audit Team
  • Role Specific Interview
  • Values Interview

  Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on hiring@monzo.com.

  What’s in it for you:

  Circa £85,000 salary dependant on experience ➕ plus stock options & benefits

  This role can be based in our London office, or the flexibility to work remotely.

  ⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

  Learning budget of £1,000 a year for books, training courses and conferences

  ➕ And much more, see our full list of benefits here

  If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

  Equal Opportunity Statement

  We are actively creating an equitable environment for every Monzonaut to thrive.

  Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2021 Diversity and Inclusion Report and 2022 Gender Pay Gap Report.

  We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

  #LI-TK1

• About the company

  Monzo Bank Ltd, is an online bank based in the United Kingdom.

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