Senior Stress Testing Analyst

Monzo Bank Limited

Job Overview

Location

Cardiff, London or Remote (UK)

Job Type

Full-time

Full Job Description

📋 Description

• Join Monzo Bank, a pioneering digital bank on a mission to make money work for everyone, by revolutionising traditional banking with innovative solutions and a customer-centric approach.
• We are seeking a highly analytical and influential Senior Stress Testing Analyst to join our growing Financial Risk Team, playing a pivotal role in shaping and executing Monzo's stress testing framework.
• This is a critical position with significant visibility, requiring you to own and articulate complex financial analysis to senior stakeholders across Finance, Risk, and the wider business.
• You will be instrumental in designing, leading, and delivering comprehensive stress testing exercises that underpin key regulatory and internal processes, including the ICAAP (Internal Capital Adequacy Assessment Process), Recovery Planning, and Reverse Stress Tests.
• Your responsibilities will span the entire stress testing lifecycle, from conceptualising methodologies and developing robust scenarios to executing sophisticated models, meticulously interpreting the outputs, and effectively communicating findings.
• A key aspect of this role involves not only delivering on current stress testing requirements but also actively contributing to the enhancement of our processes, governance structures, and analytical toolkits.
• You will be a crucial point of contact for various cross-functional teams, ensuring a clear understanding of methodologies, underlying assumptions, analytical outputs, and their implications for Monzo's business strategy and resilience.
• This role offers a unique opportunity for an individual who possesses a strong blend of sharp analytical acumen, persuasive communication skills, and the maturity to guide strategic conversations with executive-level audiences.
• You will be responsible for running models, conducting in-depth analysis, and interpreting results to ensure the robustness, accuracy, and insightful nature of all stress testing outputs.
• Presenting complex stress testing results and detailed analysis to senior leadership, including Finance and Risk leadership groups, governance committees, and various working groups, will be a core function.
• You will proactively build and nurture strong relationships with key departments such as FP&A, Treasury, Borrowing, Credit Risk, Data, Product, and others, to ensure seamless data flow and clear, aligned expectations.
• Crafting high-quality written documentation, including memos, committee papers, and technical documentation, will be essential to clearly explain intricate analysis to both technical and non-technical, senior audiences.
• A significant part of your role will involve identifying opportunities for process improvement, driving automation initiatives, and strengthening controls within the stress testing framework and the broader Financial Risk team.
• You will actively support the development, embedding, and continuous improvement of the tools, models, and templates utilised across stress testing and wider financial risk functions.
• This position requires a proactive approach to managing shifting priorities, taking full ownership of the quality and timeliness of your work, and operating effectively both independently and as part of a collaborative team.
• You will contribute to the overall resilience of Monzo's balance sheet and the effectiveness of our risk management strategies through rigorous stress testing.
• The role demands a data-driven mindset, with a continuous drive to discover and implement smarter, more scalable methods for delivering high-quality analysis.
• You will be a key player in ensuring Monzo meets its prudential regulatory requirements and maintains a strong capital position through effective stress testing.
• Embrace the opportunity to influence the strategic direction of financial risk management at a fast-growing, innovative bank.
• Contribute to a culture of continuous learning and improvement within the Financial Risk team and across Monzo.
• Work within a flexible and supportive environment that values collaboration and empowers individuals to make a significant impact.

🎯 Requirements

• Proven experience in financial risk, credit risk, prudential regulation, finance, or another analytically focused financial services role.
• Strong analytical and problem-solving skills, with demonstrable experience working with financial models, scenarios, and complex datasets.
• Confidence in presenting technical or complex analysis to senior stakeholders and influencing outcomes with clarity and structured communication.
• Understanding of financial statements, capital metrics, and key risk drivers within a banking context, or a strong aptitude and eagerness to develop this expertise.
• Experience navigating cross-functional environments and building trusted relationships across different levels and disciplines.
• Ability to translate complex information into simple, compelling messages suitable for both technical and non-technical audiences.
• Comfort working independently, managing competing priorities, and taking ownership of work quality.
• A data-driven mindset with a proactive approach to finding more efficient and scalable analytical solutions.

🏖️ Benefits

• Competitive salary starting from £63,800 per annum.
• Meaningful share options in the company.
• Flexible working hours and a trust-based approach to working hours.
• A generous £1,000 annual learning budget for books, training courses, and conferences.
• Support for setting up a home working environment, including a Macbook and additional support for remote workers.

Skills & Technologies

Senior

Remote

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Monzo Bank Limited

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About Monzo Bank Limited

Monzo Bank Limited is a UK-regulated digital bank offering personal, joint, and business accounts, savings, loans, overdrafts, and mortgages via a mobile-first platform. Licensed by the PRA and FCA, it provides real-time spending notifications, budgeting tools, and fee-free foreign transactions. Founded in 2015 as Mondo, it rebranded in 2016 and serves over nine million customers.

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