Treasury Risk Manager

ABOUT THE ROLE We're on a mission to make money work for everyone at Monzo, a scaling bank with high aspirations. We're expanding our Prudential Risk team and seeking a Treasury Risk Manager to join our 2nd Line Treasury Risk Oversight team. As a key member of the broader 2LoD Risk and Compliance department, you'll champion our value of "grow Monzo safely" by providing expert second-line oversight of Treasury Markets' increasing investment activities and execution controls. WHAT YOU'LL DO As a Treasury Risk Manager, you'll partner with Treasury Markets to oversee a £9.5bn portfolio that is set to scale and diversify across various securities and financial instruments. Your focus will involve collaborating with 1st Line Treasury Markets to provide robust monitoring and challenge regarding new investment initiatives and current portfolio performance. You'll be instrumental in providing independent credit reviews, resilience testing, and collateral oversight. Your responsibilities will include: - Overseeing our growing Treasury investment portfolio and analysing wholesale credit risk via the regular monitoring of market and liquidity risks, alongside collateral performance monitoring. - Writing independent credit assessments for proposed counterparties and securitisations. - Conducting independent stress testing of ABS and CLO structures to evaluate portfolio resilience. - Representing 2LoD in investor roadshows with a view to better understanding collateral, structuring, and the inherent risks of securities. - Monitoring market trends and themes in wholesale credit markets and the wider macroeconomic environment, and raising emerging risks to the Treasury Markets team. - Acting as a key contributor to the Wholesale Credit Risk Forum, where you'll present a 2LoD view of 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 appropriate controls exist and are consistently monitored across all Treasury Dealing activities. - Developing an understanding of Treasury ALM (Asset Liability Management) in order to understand its strategic links to Treasury Markets activities, while providing support to ALM risk oversight. WHAT YOU'LL NEED To be successful in this role, you'll need a solid grasp 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. You'll have hands-on experience using Bloomberg for credit and market analysis, alongside the ability to leverage rating agency data and technical stress testing to build comprehensive credit views. WHY REMOTE As a remote worker, you'll have the flexibility to work from anywhere in the UK, while still being part of a dynamic and growing team. You'll have the opportunity to contribute to a scaling bank with high aspirations and make a real impact on our mission to make money work for everyone. BENEFITS - Salary: £63,800 - £80,650 - Incentive Awards tied to your performance - Benefits, including a comprehensive health plan, parental leave, education stipend