Risk Assurance Manager

🚀 We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

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 ❤️

📍Dublin, Ireland |💰 €68,00 - €83,000, Incentive Awards tied to your performance ➕ benefits | Hear from the team

⭐Our Risk and Compliance team

Monzo Bank Europe (MBEU) is the Irish-based subsidiary of the Monzo Group and the strategic launchpad for our expansion across the European Union. We are looking for a seasoned Risk Assurance Manager to provide independent Second-Line of Defence (2LOD) assurance over the design and effectiveness of the bank’s risk management framework, controls and processes. You will ensure that key risks are managed in line with regulatory expectations, internal policies and our risk appetite, providing robust oversight and challenge across the full spectrum of the bank’s risk universe.

In this role, you will ensure the bank complies with

Irish Regulatory Obligations, including CBI, CPC, AML/CFT legislation, and the Companies Act.

EU Regulatory Requirements, including DORA, EBA Guidelines, ECB/SSM expectations, and GDPR.

Internal Governance, including adherence to risk frameworks, policies, and risk appetite.

Reporting directly to the Director of Risk Assurance, MBEU, you will design, execute, and report on 2LOD assurance reviews covering conduct, financial crime, fraud, credit, and financial risks. Your remit will also include operational risk, ICT and information security, outsourcing, data protection and governance structures. This role is critical in fostering a sound risk culture and supporting senior management and the Board in their oversight responsibilities.You will be instrumental in providing stakeholders with the assurance needed to ensure our growth is safe, resilient and compliant.

The role you are applying for is a Controlled Function (CF-2) within the meaning of the Central Bank Reform Act, 2010. For this role, appointment will be conditional on Monzo being fully satisfied that the appointee meets the requirements as set out in the Fitness and Probity Standards 2018 issued by the Central Bank of Ireland. As a CF, the role holder will be subject to Conduct Standards under the Central Bank of Ireland Individual Accountability Framework and will be required to take reasonable steps to ensure that the relevant conduct standards are met.

🔑You’ll play a key role by...

Assurance Plan: Planning, coordinating and executing comprehensive risk assurance activities, including effectiveness reviews to ensure EU-wide adherence to the enterprise risk framework.

Thematic Reviews: Conducting targeted thematic reviews across specific risk areas (e.g., conduct, compliance, financial crime, IT, prudential and strategic risk) to provide in-depth assurance over design adequacy and operating effectiveness.

Remediation: Identifying areas for improvement within the risk management framework and control environment, recommending practical, impactful solutions and tracking remediation efforts to completion.

Stakeholder Engagement: Proactively engage with business and risk stakeholders to understand Monzo Europe’s products and risk profiles, fostering a collaborative and transparent risk culture.

Strategic Planning: Contributing to the annual risk assurance plan by providing insights gath