Treasury Risk Manager (m|f|x) London

Our Prudential Risk team is expanding, and we are looking 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 is a fantastic opportunity to contribute to a rapidly growing bank with high aspirations. By joining the Treasury Risk Oversight team, you will champion our value of “growing Monzo safely.” Your focus will involve collaborating with 1st Line Treasury Markets to provide expert second-line oversight of their growing investment activities and execution controls.

In this role, you will partner with Treasury Markets as they oversee a £9.5 billion portfolio that is set to expand and diversify across various securities and financial instruments. You will play a key role in providing robust monitoring and scrutiny of 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 understanding 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 candidate will bring hands-on experience using Bloomberg for credit and market analysis, along with the ability to leverage rating agency data and technical stress testing to develop comprehensive credit assessments.

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

Tasks

• Overseeing our growing Treasury investment portfolio and analyzing wholesale credit risk through regular monitoring of market and liquidity risks, along with monitoring collateral performance.
• Preparing independent credit assessments for proposed counterparties and securitizations.
• Conducting independent stress testing of ABS and CLO structures to evaluate portfolio resilience.
• Representing 2LoD in investor roadshows to gain a better understanding of collateral, structuring, and the inherent risks of securities.
• Monitoring market trends and themes in wholesale credit markets and the broader macroeconomic environment, and bringing emerging risks to the attention of the Treasury Markets team (a Bloomberg Professional license will be provided to assist you with this analysis).
• Serving as a key contributor to the Wholesale Credit Risk Forum, where you will present 2LoD’s perspective on 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 that appropriate controls are in place and are consistently monitored across all Treasury Dealing activities.
• Developing an understanding of Treasury ALM (Asset Liability Management) to grasp its strategic links to Treasury Markets activities, while providing support for ALM risk oversight.

Profile / Your qualification / Your personality

• You have relevant experience gained at a bank, a consulting firm, 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 collateralized loan obligations (CLO).
• You understand securitizations, including their structural features, underwriting processes, and standards, as well as how to stress test them
• You can critically evaluate risk data, are familiar with handling investment prospectuses from security issuers, and have the ability to review credit rating agency reports to identify, understand, and challenge key risks.
• You possess knowledge of key market products, specifically those used in FX markets, repos, and interest rate derivatives.
• You bring hands-on system and technical experience, which may include prior use of Bloomberg for pricing, liquidity, and credit analysis, exposure to a Trade Management System, and practical experience with Python/SQL, including the ability to develop reporting dashboards.
• You are skilled at building relationships and can develop productive working connections with 1LoD stakeholders at all levels of the business, while maintaining the ability to provide robust, informed challenges and reviews to ensure our safe growth.
• You understand prudential regulatory requirements, with a specific focus on liquidity and capital and how they impact a bank’s investment portfolio.

Application

Don’t check every box? That’s totally okay! Studies show that women and people of color 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 eager to learn and grow with us, we encourage you to apply—even if you don’t have everything listed just yet. Send us your application; we’d love to hear from you!

The application process has 4 key steps

• Application
• Recruiter call
• Role-specific interview
• Values interview

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Location

Appold Street, GB-EC2A 2AG London