Senior Financial Risk Manager New Dublin

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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.

Dublin, Ireland €92,000 - €112,000, Incentive Awards tied to your performance benefits

Our Risk Team

This role sits within our second line of defence risk management team. Acting as a senior technical specialist within the Financial Risk function, it will involve supporting the Director in delivering robust oversight across several financial risk disciplines. The role has a strong focus on IRRBB, capital adequacy and stress testing (ICAAP), and liquidity and balance sheet risk (ALM), ensuring that frameworks, models and methodologies are fit for purpose, compliant, and aligned with regulatory expectations.

Responsibilities

• Technical Leadership - Financial Risk Models & IRRBB
  • Leading independent 2LoD validation and review of financial risk models, with a focus on interest rate risk in the banking book (IRRBB), behavioural models (e.g. deposits, prepayments) and hedging strategies and valuation approaches.
  • Assessing model design, assumptions, limitations, and performance, ensuring alignment with regulatory expectations (e.g. EBA IRRBB guidelines).
  • Providing independent technical challenge to first line model development and usage.
  • Overseeing overarching model governance, including validation cycles, documentation standards, and model risk controls.
  • Supporting development and enhancement of IRRBB measurement methodologies (e.g. EVE, NII metrics).
• Capital Adequacy, ICAAP & Stress Testing
  • Playing a leading role in ICAAP development, review, and ongoing enhancement.
  • Providing independent oversight and challenge of capital adequacy assessments, risk quantification methodologies, scenario design and stress testing frameworks and risk appetite calibration.
  • Designing and reviewing stress testing scenarios (macroeconomic, idiosyncratic, reverse stress).
  • Assessing capital planning and forecasting, including base and stressed balance sheet projections.
  • Ensuring ICAAP documentation meets regulatory standards and audit expectations.
  • Supporting interactions with regulators on capital related topics.
• Liquidity Risk & Treasury Oversight (ALM)
  • Providing 2LoD oversight of liquidity risk and funding frameworks, including ILAAP and liquidity risk metrics (LCR, NSFR, survival horizon).
  • Reviewing and challenging Treasury activities, including balance sheet management, funding strategies and wholesale credit exposures.
  • Assessing assumptions underpinning liquidity stress testing and contingency funding plans.
  • Providing oversight of ALM practices, including interest rate positioning and structural hedging.
  • Supporting review of Recovery Plan and Solvent Wind Down (SWD) from a liquidity and funding perspective.
• Risk Monitoring, Reporting & Regulatory Submissions
  • Leading production and independent review of financial risk MI (capital, liquidity, IRRBB), stress testing outputs and sensitivity analysis.
  • Reviewing and challenging key regulatory submissions, including ICAAP and ILAAP, pillar 3 disclosures, recovery plan and SWD.
  • Ensuring data integrity, traceability and auditability of risk outputs.
  • Identifying emerging risks and escalating material issues appropriately.
• Business Partnering & Expert Challenge
  • Acting as a technical advisor to Treasury, Finance and Risk teams.
  • Providing credible and constructive challenge on methodologies, assumptions and decision making.
  • Supporting the embedding of robust financial risk practices across the organisation.
  • Contributing technical expertise to strategic initiatives (e.g. product launches, balance sheet optimisation).
• Governance & Committees
  • Supporting preparation of materials for ALCO and Executive and Board Risk Committees.
  • Presenting technical analysis and insights where required.
  • Supporting escalation and documentation of key financial risk issues.
• Regulatory & Control Environment
  • Ensuring alignment with CBI, EBA and other applicable prudential regulations alongside internal financial risk frameworks and policies.
  • Supporting adherence to fitness & Probity standards and individual Accountability Framework (IAF) Conduct Standards.
  • Maintaining high standards of documentation, controls and audit readiness.

Qualifications

• Strong technical expertise in one or more of IRRBB modelling and measurement, capital adequacy and ICAAP, liquidity risk and ALM.
• Experience in model validation, quantitative analysis or risk methodology development.
• Deep understanding of prudential regulation (CRR/CRD, EBA guidelines, ICAAP/ILAAP expectations).
• Strong analytical and problem solving skills with attention to detail.
• Ability to challenge effectively and communicate complex concepts clearly to senior stakeholders.
• Experience working with Treasury, Finance or Risk teams in a banking environment.

Benefits

Salary range €92,000 - €112,000 with incentive awards tied to performance.

Hybrid working model - 2 to 3 days per week in our Dublin office.

Flexible working hours.

Annual leave 34 days including public holidays.

Learning budget €1,200 per year.

Pension scheme - the minimum contribution is 4%, and Monzo matches any additional contributions up to a maximum of 6%.

Wellbeing benefits, including financial education, health support and mental health coaching and counselling.

Equal Opportunity

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, veteran status, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at the application stage.