Head of Enterprise Risk Management, EU

🚀 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 ❤️

Hear from our UK team about what it's like working at Monzo ✨

 

📍Dublin, Ireland 💰 € competitive + share options Hear from the team ✨ 

⭐Our Risk team

Monzo Europe is an Irish-based subsidiary of the Monzo Group which will, upon authorisation, be the base for Monzo’s expansion as a bank into the European Union. We are looking for an experienced Head of Enterprise Risk Management to lead the development, implementation and oversight of the Enterprise risk Management framework in Europe. The role holder will be instrumental in developing and maintaining the enterprise risk management processes and standards across the EU. This role reports to the Chief Risk Officer, Monzo Europe. 

 

🔑You’ll play a key role by…

Enterprise Risk Management (ERM)

• Implementing and maintaining the EU Enterprise Risk Management Framework, ensuring it encompasses all aspects of operations and is aligned with the strategic goals and objectives in Europe.
• Defining and maintaining the EU Risk Appetite Framework and Statement, ensuring it reflects our Attitude to Risk across all material risks.
• Leading the enterprise risk identification and materiality assessment process, covering all material risks inherent to Monzo including emerging risks.
• Assessing and promoting a strong risk culture across the organisation, embedding risk awareness in all levels of the bank.
• Maintaining the EU Risk Taxonomy and risk register, ensuring accurate classification and management of risks and controls.
• Maintaining the impact matrix, ensuring it accurately reflects the potential impact of identified risks.
• Preparing and presenting comprehensive risk reports to the Board and Executive Committees, providing an integrated and holistic view of risks, incorporating point-in-time and forward-looking risk assessments where appropriate.
• Planning, coordinating and executing risk assurance activities including effectiveness reviews ensuring that the risk management framework is effectively implemented and adhered to across the EU.
• Leading the development and delivery of risk training programmes, ensuring all employees are adequately trained in risk management practices.
• Overseeing the functions of the Office of the CRO, including governance cycles, staff communications, resource planning and budgeting, learning and development, vendor management, and secretariat services.

Leadership

• Establishing and leading the Enterprise Risk Management (ERM) function ensuring effective delivery through adequate resourcing, processes and technology in Europe
• Working closely with other senior leaders and first line teams to ensure that Enterprise Risk activities are effectively implemented across the organisation.
• Providing expert guidance and strategic recommendations to senior management and the Board on enterprise risk matters, enabling informed decision-making.
• Engaging with key internal and external stakeholders, including Group functions and external regulators, to ensure that the entity’s enterprise risk management practices are aligned, transparent, effective and compliant.
• Establishing a robust enterprise risk management culture through comprehensive training and awareness programmes.
• Reporting to the Board and Executive-level Committees as appropriate.
• Cont