Remote Compliance Assurance Analyst Job in London, UK Monzo Bank

Who you are

• 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

What the job involves

• 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

Application 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