🚀 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 ❤️

London OR Cardiff OR Remote (UK) |

£63,800 - £80,650 + Incentive Awards tied to your performance + benefits

Our Prudential Risk team Our Prudential Risk team is expanding, and we are searching for a Manager to join our 2nd Line Treasury Risk Oversight team. You will be part of the broader 2LoD Risk and Compliance department here at Monzo.

This represents a fantastic chance to contribute to a scaling bank with high aspirations. By joining the Treasury Risk Oversight team, you will champion our value to "grow Monzo safely." Your focus will involve collaborating with 1st Line Treasury Markets to provide expert second-line oversight of their increasing investment activities and execution controls.

In this role, you will partner with Treasury Markets as they oversee a £9.5bn portfolio that is set to scale and diversify across various securities and financial instruments. You will be instrumental in providing robust monitoring and challenge regarding new investment initiatives and current portfolio performance. Conducting independent credit reviews, resilience testing, and collateral oversight are central to this position.

We are looking for someone with a solid grasp of the asset classes typically found in a retail bank's treasury holdings, such as Sovereign debt, Covered Bonds, ABS, and CLOs. Familiarity with FX market products, repurchase agreements, and interest rate hedging tools is also highly valued.

A successful applicant will bring hands-on experience using Bloomberg for credit and market analysis, alongside the ability to leverage rating agency data and technical stress testing to build comprehensive credit views.

You will also have the space to expand your expertise into Treasury ALM as part of our holistic approach to Treasury Risk Oversight.

You’ll play a key role by…

Overseeing our growing Treasury investment portfolio and analysing wholesale credit risk via the regular monitoring of market and liquidity risks, alongside collateral performance monitoring.
Writing independent credit assessments for proposed counterparties and securitisations.
Conducting independent stress testing of ABS and CLO structures to evaluate portfolio resilience.
Representing 2LoD in investor roadshows with a view to better understanding collateral, structuring, and the inherent risks of securities.
Monitoring market trends and themes in wholesale credit markets and the wider macroeconomic environment, and raising emerging risks to the Treasury Markets team (a Bloomberg Professional license will be provided to assist you with this analysis).
Acting as a key contributor to the Wholesale Credit Risk Forum, where you will present a 2LoD view of the risk profile of the investment portfolio.
Reviewing monthly information submitted to ALCo packs and actively contributing 2LoD opinions on specific approval topics.
Playing a core role in the 2LoD oversight of new proposals put forward by Treasury Markets within a rapidly growing and ambitious environment.
Ensuring appropriate controls exist and are consistently monitored across all Treasury Dealing activities.
Developing an understanding of Treasury ALM (Asset Liability Management) in order to understand its strategic links to Treasury Markets activities, while providing support to ALM risk oversight.

We’d love to hear from you if…

You have relevant experience gained within a bank, a consultancy, a credit rating agency, or a regulatory body.
You have a genuine desire to learn and grow, and you are excited about building enhanced 2LoD oversight within a dynamic, fast-paced environment.
You have a solid understanding of key asset classes that make up a Retail Bank’s treasury investment portfolio, such as Sovereign and Supranational debt, Covered Bonds, Asset Backed Securities (ABS), and Collateralised Loan Obligations (CLO).
You understand securitisations, including their structural features, underwriting processes, and standards, as well as how to stress test them
You can critically evaluate risk data, with familiarity handling investment prospectuses from security issuers and the ability to review credit rating agency reports to pick out, understand, and challenge key risks.
You possess knowledge of key market products, specifically those used across FX markets, repos, and interest rate derivatives.
You bring hands-on system and technical experience, which may include previous use of Bloomberg for pricing, liquidity, and credit analysis, exposure to a Trade Management System, and a working use of Python/SQL with the ability to develop reporting dashboards.
You are a good relationship builder who can develop productive working connections with 1LoD stakeholders across all levels of the business, whilst maintaining the ability to provide robust, informed challenge and review to ensure our safe growth
You understand prudential regulatory requirements, with a specific focus on the topics of liquidity and capital and how they impact a bank’s investment portfolio.

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

What’s in it for you

£63,800 - £80,650 + Incentive Awards tied to your performance benefits.
This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).
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.
£1,000 learning budget each year to use on books, training courses and conferences.
We will set you up to work from home; all employees are given MacBooks and for fully remote workers we will provide extra support for your work-from-home setup.
Plus lots more! Read our full list of benefits.

The application journey has 4 key steps

Application
Recruiter call
Role specific interview
Values interview

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here. We’ll close this role once we have enough applications for the next stage, so please apply as soon as you can - we don’t want you to miss out!

LinkedIn Tags: #LI-JK1

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by 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, 2026 Diversity and Inclusion Report and 2025 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.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊