Job Description
We’re on a mission to make money work for everyone.We’re waving goodbye to the complicated and confusing ways of traditional banking.With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!We’re not about selling products - we want to solve problems and change lives through Monzo.We are looking for a dynamic Director of Treasury and Capital, to help build and lead the Treasury and Capital function for Monzo’s European entity. You will report to the Chief Financial Officer, Monzo Europe, playing a critical role in Monzo’s overall effective and prudent risk management.The roleThe Director of Treasury and Capital will be responsible for leading the treasury functions and capital management of Monzo in Europe. This role involves managing liquidity, funding, interest rate risk, counterparty credit risk, capital adequacy risk and ensuring compliance with regulatory requirements in Europe. The ideal candidate will have extensive experience in treasury and capital management within a financial institution, strong leadership skills, and the ability to thrive in a fast-paced digital banking environment.You’ll play a key role by working on...Treasury Management:Developing and implementing treasury strategies, processes and systems to optimise liquidity, funding, and capital structure.Overseeing cash flow management, ensuring sufficient liquidity to meet regulatory, operational and strategic needs.Developing and managing the investment portfolio, including Counterparty Credit Risk, ensuring compliance with financial risk policies and risk appetite limits.Monitoring and managing interest rate risk in the banking book (IRRBB) including any identification and execution of hedging strategies.Leading the measurement and quantification of financial risks including scenario analysis and stress testing market and liquidity risks.Developing and maintaining the Internal Liquidity Adequacy Assessment (ILAAP) process.Preparing and producing internal and external treasury and capital reports including analysis and explanation for key movements to key stakeholders.Capital Management:Meeting prudential and regulatory capital requirements (e.g., Central Bank of Ireland/EBA/ECB regulations, upcoming CRR6/CRD3, etc.).Developing and maintaining the Internal Capital Adequacy Assessment (ICAAP) process.Optimising the capital structure and allocation to support growth and strategic objectives.Preparing and presenting capital adequacy reports to senior management and regulatory authorities.Financial Risk Management:Identifying, assessing, and mitigating financial risks related to treasury and capital activities.Implementing risk management frameworks and policies to ensure robust control over treasury operations.Ensuring compliance with all relevant internal and external reporting requirements related to treasury and capital.We’d love to hear from you if you have..A Master’s degree (or equivalent) in Finance, Economics, Accounting, or a related field. Professional certification (e.g., CFA, FRM, etc) is highly desirable.Extensive experience in treasury and capital management within a financial institution, with considerable experience in a leadership role.Detailed knowledge of international and European regulatory capital and liquidity requirements and financial risk management practices.Excellent analytical, strategic thinking and problem-solving skills.Excellent communication and presentation skills, with the ability to explain complex topics clearly and simply and influence and engage stakeholders at all levels.Are comfortable having a hands-on approach in a startup environment with the ability to dive into tasks and take on responsibilities directly and deliver to tight deadlines.What’s in it for youThis role will be based in Dublin, Ireland, however you will be expected to travel to Monzo’s head offices in London from time to time.We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.Annual Leave - 34 days including public holidays (24 holiday days + 10 public holidays).We’ll provide you with a Healthcare allowance to select your own provider.Personal Retirement Savings Account, up to 6% matching.The application journey has 5 key steps:Phone call with recruiter (30mins)Video call with hiring manager (30 mins)Technical video interview with hiring manager and stakeholders (60 min)Leadership & behavioural interview with team (60 min)Final interview with CEO EU (30 mins)Our average process takes around 3-4 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.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.Apply for this job* indicates a required field #J-18808-Ljbffr