RRemoteville
Monzo Bank logoMonzo Bank

Compliance Assurance Analyst

Skills
Analytical SkillsAnnual PlanningAttention To DetailCompliance AssuranceCompliance ManagementCompliance MonitoringLegal Compliance
Role

What the job involves

The main requirements, responsibilities and hiring steps.

Requirements

  • Practical knowledge of conduct risk and its impact on a retail bank
  • Experience working in the compliance or audit function within a regulated financial services environment, including experience of compliance monitoring and assurance
  • Working knowledge of the FCA Handbook, especially BCOBS, CONC, SYSC, ICOB and DISP
  • Great knowledge of other important rules and guidance such as the Consumer Duty and Vulnerable Customers
  • Ability to analyse large amounts of information to draw clear conclusions
  • Working knowledge of the role of the Risk and Compliance function
  • Self-motivated, highly organised and focused on executing well
  • Ability to work independently at pace and with changing priorities
  • Ability to build strong, respectful relationships with diverse teams
  • Genuine interest in the role of compliance assurance and its value as a competitive advantage for Monzo
  • Excitement about the future of banking and desire to help shape it

Day to day

  • Making sure teams at Monzo understand the compliance and conduct risks in their area through timely delivery of the Compliance Assurance Plan
  • Conducting assurance reviews of key regulations, processes and controls, providing stakeholders with clear feedback to further strengthen Monzo’s control environment
  • Providing support to Compliance Assurance Managers and the Compliance Assurance Team Manager
  • Challenging policies and procedures to ensure that Monzo’s providing fair customer outcomes and meeting regulatory requirements
  • Providing subject matter expertise to strengthen the Risk and Compliance function and to support Monzo in growing safely
  • Supporting Compliance team activities, including the compliance risk assessment, maintenance of the Compliance Assurance methodology and annual planning
  • Delivering clearly written reports and compliance assurance management information in a range of formats to audiences across the business
  • Tracking actions stemming from compliance reviews and validating closure
  • Helping instil a proactive, positive culture towards regulation and legislation across the company
  • Creating and delivering regulatory compliance training
  • Exploring new ways to streamline, automate and enhance Monzo’s approach to compliance
  • Delivering continuous improvement to the function and helping to create a centre of excellence

Hiring process

  • Phone call with recruiter - 30 mins
  • Initial video interview with hiring manager - 30 mins
  • Technical video interview with hiring manager & stakeholder - 60 mins
  • Behavioural Interview - 45 mins