Head of Prudential Risk

About the role

We're looking for a Head of Prudential Risk which is a key role for Finance and the broader Monzo business. The role is responsible for leading the planning and production of our key prudential deliverables and ensuring Financial Risk continues to be managed within risk appetite across the group.

You will require a breadth of knowledge and experience across prudential regulation. Expertise covering ICAAP and recovery and resolution planning is essential. In addition to knowledge of financial risk, you will be expected to have a solid understanding of non-financial risk and have the practical skills to ensure critical processes linked to embedding recovery, resolution and general financial stability are maintained and enhanced.

Key responsibilities

• ICAAP: Owning the annual group ICAAP process ensuring this is delivered on time and aligned to internal and external requirements. Ensure individual entity risks and requirements are subject to appropriate assessment and provide support to wider parts of the Monzo group aligned to agreed intra group services.
• Recovery Planning: Owning the annual review of our recovery plan and ensure this continues to align to regulatory requirements and is reflective of the evolving nature of the group. Ensure our recovery options are owned by business areas and fire drills are undertaken to test our response capabilities.
• Resolution Assessment Framework: Ensuring requirements linked to the Group’s evolving resolution strategy are implemented and we comply with Resolution Assessment Framework (RAF) requirements (including OCIR, VIR and COA).
• Supporting capital planning activities, risk appetite setting and lead ALCO reporting and KRI maintenance for Financial Risk.
• Ensuring the impact of future prudential regulatory change is understood and working with relevant teams to assess and adapt to the challenges.
• Supporting the broader financial risk team with the delivery of wider objectives
• Leading a team of high performing colleagues, supporting their individual development needs