Director of Treasury and Capital
Treasury Management
* Developing and implementing treasury strategies, processes and systems to optimise liquidity, funding, and capital structure.
* Overseeing cash flow management, ensuring sufficient liquidity to meet regulatory, operational and strategic needs.
* Developing and managing the investment portfolio, including Counterparty Credit Risk, ensuring compliance with financial risk policies and risk appetite limits.
* Monitoring and managing interest rate risk in the banking book (IRRBB) including any identification and execution of hedging strategies.
* Leading the measurement and quantification of financial risks including scenario analysis and stress testing market and liquidity risks.
* Developing and maintaining the Internal Liquidity Adequacy Assessment (ILAAP) process.
* Developing and maintaining the Contingency Funding and Liquidity Plans.
* Preparing and producing internal and external treasury and capital reports including analysis and explanation for key movements to key stakeholders.
Capital Management
* Meeting prudential and regulatory capital requirements (e.g., Central Bank of Ireland/EBA/ECB regulations, upcoming CRR6/CRD3, etc.).
* Developing and maintaining the Internal Capital Adequacy Assessment (ICAAP) process.
* Developing capital plans and forecasts, including stress testing and scenario analysis.
* Optimising the capital structure and allocation to support growth and strategic objectives.
* Preparing and presenting capital adequacy reports to senior management and regulatory authorities.
* Preparing and maintaining the Recovery Plan and Solvent Wind Down Plan.
Financial Risk Management
* Identifying, assessing, and mitigating financial risks related to treasury and capital activities.
* Implementing risk management frameworks and policies to ensure robust control over treasury operations.
* Working closely with the 2nd line risk management and compliance team to align treasury activities with the overall risk strategy and appetite.
* Ensuring compliance with all relevant internal and external reporting requirements related to treasury and capital.
We are looking for a dynamic Director of Treasury and Capital, to help build and lead the Treasury and Capital function for Monzo's European entity. The ideal candidate will have extensive experience in treasury and capital management within a financial institution, strong leadership skills, and the ability to thrive in a fast-paced digital banking environment.
The successful candidate will play a key role in working on treasury management, capital management, and financial risk management tasks. They will be responsible for leading the treasury functions and capital management of Monzo in Europe, overseeing cash flow management, developing and managing the investment portfolio, and monitoring and managing interest rate risk.
The Director of Treasury and Capital will report to the Chief Financial Officer, Monzo Europe, playing a critical role in Monzo's overall effective and prudent risk management.
You'll be based in Dublin, Ireland, however you will be expected to travel to Monzo's head offices in London from time to time. We offer flexible working hours, trust you to work enough hours to do your job well, and at times that suit you and your team.
Annual Leave - 34 days including public holidays (24 holiday days + 10 public holidays). We'll provide you with a Healthcare allowance to select your own provider. Personal Retirement Savings Account, up to 6% matching.