📍London, Cardiff or Remote (UK) | 💰 Salary dependent on experience ➕ | Benefits | Hear from the team ✨Check out our Career Launchpad 🚀

About us: 

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

About the role:We are hiring aTreasury Funds Transfer Pricing (FTP) Manager, who will be responsible for setting up the relevant methodology, policies and procedures, developing configuration in the ALM (MORS) system related to the Funds Transfer Pricing framework, to ensure the bank has an efficient, transparent and effective Funds Transfer Pricing methodology and platform to measure product risk and profitability through the lens of the Liquidity, Funding and Interest Rate risks.You will ensure Monzo has an adequate FTP framework in place that identifies all liquidity and interest rate risks and transfers those risks to the Treasury to manage. This role is also responsible for leading the FTP discussions, preparing management and performance reporting, and the governance and controls over FTP in line with the policies approved by ALCO.

Role ResponsibilitiesYou will be responsible for: 

• Developing and implementing FTP methodology, that covers Liquidity, Funding and Interest Rate Risk components
• Ensuring risk transfer and buy-in is done in a controlled environment
• Overseeing and report performance metrics 
• Periodically review and align FTP framework to the overarching Monzo objectives and strategy
• Ensuring Treasury risks are understood and captured/managed appropriately
• Ensuring appropriate oversight of balance sheet and off balance sheet products and their coverage in the FTP framework
• Engaging with the wider Finance on the Bank Profitability activities 
• FTP methodology and FTP curve construction, including getting relevant approvals for full operational implementation
• Owning the configuration of the FTP in the ALM system
• Developing and improving controls that protect our business needs now and in the future in terms of liquidity, funding and interest rate risk transfers and controls
• Ensuring policy and procedures documentation is in line with the requirements
• Managing and reporting FTP outcomes in a timely manner
• Helping to innovate and improve the effectiveness of the FTP framework and risk management processes to ensure they work for Monzo
• Fostering positive and collaborative relationships with all stakeholders

You should apply if:

You have the ability to apply strategic thinking and planning skills to formulate, execute and translate business strategy to determine FTP priorities and goals for the business.

• Understanding of Treasury processes and risk management activities
• Knowledge and experience of the ALM system FTP module and configurations required.
• Can demonstrate leadership and ability to initiate and drive FTP initiatives
• Hold an in-depth understanding of the risks embedded in different banking book products.
• Have proven experience within a regulated financial institution / retail bank environment
• Strong awareness and understanding of the wider business, economic and regulatory environment. 
• Excellent facilitation skills to regularly assess needs and views product owners,  senior management team in relation to the product profitability.
• Have excellent relationship building skills demonstrating ability to listen, influence, present and communicate with different internal and external stakeholders.

The interview process:

Our interview process involves 3 main stages: 

• Phone call with recruiter
• Video call with hiring manager (45 min)
• Video call with Finance & Business stakeholders (45 min)
• Video call with Treasury leadership team (45 min)

Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on core-hiring@monzo.com

What’s in it for you:💰 Competitve ➕ plus stock options & benefits 

📍This role can be based in our London or Cardiff office, but we're open to distributed working within the UK (with ad hoc meetings in London/Cardiff).

⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

📚 Learning budget of £1,000 a year for books, training courses and conferences

➕ And much more, see our full list of benefits hereIf you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.

Equal Opportunity Statement

We are actively creating an equitable environment for every Monzonaut to thrive.

Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2022 Diversity and Inclusion Report and 2022 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

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