Enterprise Risk Manager

Monzo is a digital bank that aims to make banking simple and user-friendly. They offer personal and business banking, savings, investments, pensions, and credit cards. The company is expanding across Europe and is looking for an experienced Enterprise Risk Manager to help manage risks as the business grows.

What This Job Is About

As an Enterprise Risk Manager, your main responsibility is to help Monzo identify, assess, monitor, and manage risks across the business.

You will work with different departments to ensure the company grows safely, follows regulations, and has strong risk management processes in place.

Think of this role as helping the company answer:

1. What could go wrong?
2. How serious could it be?
3. How can we prevent or reduce the impact?
4. Are we following banking regulations?

Main Responsibilities

Risk Management

1. Work with different teams to ensure risk management is part of everyday operations.
2. Help identify new and existing risks across the business.
3. Maintain risk registers and risk records.
4. Review and assess how important different risks are.

Risk Governance

1. Support the company's risk management framework and policies.
2. Help prepare risk reports for senior management and board members.
3. Support governance committees and ensure proper documentation and follow-up.

Risk Appetite Management

1. Help define how much risk the company is willing to take.
2. Ensure risk limits align with business goals.

Emerging Risks

1. Monitor industry trends and future threats.
2. Identify new risks before they become major problems.
3. Coordinate impact assessments across business teams.

Risk Culture & Training

1. Promote awareness of risk management across the company.
2. Deliver training and educational programs.
3. Encourage employees to think about risks in their daily work.

Regulatory Compliance

1. Ensure the company follows European banking regulations.
2. Support compliance with requirements from regulators such as:
3. Central Bank of Ireland (CBI)
4. European Banking Authority (EBA)
5. European Central Bank (ECB)
6. Basel Banking Frameworks

Skills & Experience Required

Must Have

1. Experience in risk management within banking, fintech, or financial services.
2. Knowledge of Enterprise Risk Management (ERM).
3. Experience with:
4. Risk frameworks
5. Risk assessments
6. Risk reporting
7. Risk governance
8. Risk appetite management

Strong Understanding Of

1. Banking regulations in Europe.
2. Digital banking products and operations.
3. Risk management tools and methodologies.

Soft Skills

1. Strong analytical and problem-solving abilities.
2. Excellent communication skills.
3. Ability to work with senior executives and stakeholders.
4. Comfortable working in a fast-paced environment.

Ideal Background

This role is suitable for someone who has worked as:

1. Enterprise Risk Manager
2. Risk Manager
3. Operational Risk Manager
4. Governance & Risk Specialist
5. Risk Analyst (Senior Level)
6. Banking Risk Consultant
7. Enterprise Risk Consultant
8. Financial Risk Manager

within:

1. Banks
2. Fintech companies
3. Financial institutions
4. Regulatory organizations

Benefits

1. Performance bonus
2. 38 days annual leave (including public holidays)
3. Private healthcare
4. Flexible working hours
5. €1,200 yearly learning budget
6. Training courses and conferences
7. Mental health and wellbeing support
8. Financial education programs

Recruitment Process

1. Initial call with recruiter
2. Interview with hiring manager
3. Technical and behavioral interviews
4. Final interview with an executive team member

Expected hiring process: 2–3 weeks