[All remote jobs](https://jobicy.com/jobs.md)[![Monzo logo](https://jobicy.com/data/server-nyc0409/galaxy/mercury/2025/06/5b4c0ec3-221.jpg)](https://jobicy.com/company/monzo.md)[Monzo](https://jobicy.com/company/monzo.md) # Prudential Risk Manager Review the role, location requirements, compensation details, and application process before deciding whether this opportunity fits your next career move. [Apply for this job](#job-application)[View company](https://jobicy.com/company/monzo.md)ShareRemote from[UK](https://jobicy.com/job-region/uk.md)SalaryGBP 64k–80k / yrDepartment[Legal & Compliance](https://jobicy.com/categories/legal.md)EmploymentFull TimeExperienceSeniorPublished24 Oct 2026Apply before23 Nov 2026Listing views32Application actions2Application toolkit ## Make your next move. Prepare your resume, explore your fit, and draft a cover letter for this opportunity. AI Summary ## The role, at a glance. Monzo is hiring a Prudential Risk Manager for its second-line Prudential Risk Oversight team. The role provides independent oversight and challenge of capital, recovery, resolution, ICAAP, financial forecasting, and stress-testing activities. The manager will review first-line financial models and controls, perform assurance work, and present insights and recommendations to risk committees and the Board. Success requires banking or regulatory prudential-risk experience, strong financial modelling skills, and the ability to challenge stakeholders constructively. The role supports remote work within the UK, with ad hoc meetings in London. ## Role DNA A quick view of the complexity, pace, ownership and collaboration implied by the job description. ### Job Complexity 4/5EasyHard ### Pace & Pressure 4/5RelaxedFast-paced ### Autonomy Level 4/5GuidedFull ownership ### Communication Load 5/5IndependentCollaborative AI insightThis is a specialist second-line banking risk role requiring sound knowledge of prudential regulation, ICAAP, recovery planning, and capital risk. The incumbent must independently assess complex models and influence senior first-line and governance stakeholders. ## Salary analysis Estimated compensation compared with the broader UK market for similar roles. Estimated job median (per year)Market rate£72,000UK market range (per year)£65k–£90k0£99.00k AI insightThe yearly pay period is inferred from the job context; it was not explicitly stated by the employer. The employer discloses a £64,000–£80,000 annual salary range; the annual cadence is inferred from the compensation level, UK location, and professional full-time risk-management context. The midpoint is £72,000 per year. A reasonable estimated UK market range for a prudential risk manager is £65,000–£90,000 per year, depending on banking experience, regulatory expertise, and seniority. ## Core skills Skills and capabilities most closely associated with this opportunity. [Prudential risk management](https://jobicy.com/jobs?search_keywords=Prudential%20risk%20management.md)[ICAAP](https://jobicy.com/jobs?search_keywords=ICAAP.md)[Recovery planning](https://jobicy.com/jobs?search_keywords=Recovery%20planning.md)[Resolution planning](https://jobicy.com/jobs?search_keywords=Resolution%20planning.md)[Capital adequacy](https://jobicy.com/jobs?search_keywords=Capital%20adequacy.md)[Regulatory compliance](https://jobicy.com/jobs?search_keywords=Regulatory%20compliance.md)[Second line of defence](https://jobicy.com/jobs?search_keywords=Second%20line%20of%20defence.md)[Financial modelling](https://jobicy.com/jobs?search_keywords=Financial%20modelling.md)[Stress testing](https://jobicy.com/jobs?search_keywords=Stress%20testing.md)[Sensitivity analysis](https://jobicy.com/jobs?search_keywords=Sensitivity%20analysis.md)[Excel](https://jobicy.com/jobs?search_keywords=Excel.md)[Google Sheets](https://jobicy.com/jobs?search_keywords=Google%20Sheets.md)[Anaplan](https://jobicy.com/jobs?search_keywords=Anaplan.md)[Risk assurance](https://jobicy.com/jobs?search_keywords=Risk%20assurance.md)[Stakeholder management](https://jobicy.com/jobs?search_keywords=Stakeholder%20management.md) Sample interview questionsHow would you approach reviewing an ICAAP prepared by the first line of defence?I would begin by mapping the ICAAP to applicable regulatory requirements and the bank’s risk appetite. I would assess the methodology, key assumptions, governance, data quality, capital adequacy conclusions, and stress-testing outputs, then document evidence-based challenge and agree actions with clear owners and deadlines. Describe how you would challenge a capital forecasting model without becoming responsible for its ownership. I would retain independence by assessing the model design, assumptions, controls, documentation, and outputs rather than rebuilding or operating the model for the first line. My challenge would focus on whether the model is fit for purpose, whether sensitivities are sufficiently severe and plausible, and whether governance supports reliable decision-making. What key factors would you consider when assessing a recovery plan? I would assess whether recovery indicators, triggers, and options are credible, timely, actionable, and supported by robust governance. I would also examine the interaction with capital and liquidity stress scenarios, operational readiness, management information, communication plans, and lessons from testing or simulation exercises. How would you communicate a significant prudential-risk finding to senior management? I would present the issue concisely, explain the regulatory and financial implications, quantify the potential impact where possible, and distinguish facts from judgement. I would recommend proportionate remediation options, identify decision points, and make ownership, timelines, and residual risks clear. Give an example of how you would build a constructive relationship while providing robust challenge. I would engage stakeholders early, seek to understand their objectives and constraints, and base my challenge on shared regulatory requirements, evidence, and risk outcomes. By being transparent about concerns, inviting discussion on solutions, and following through on agreed actions, I can preserve trust without compromising independence. Opportunity details ## About this role. 🚀 We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as [personal](https://monzo.com/current-account/personal) and [business](https://monzo.com/business-banking) bank accounts, we offer [joint accounts](https://monzo.com/current-account/joint-account), [accounts for 16-17 year olds](https://monzo.com/current-account/16-17), a [free kids account](https://monzo.com/current-account/under-16s) and [credit cards](https://monzo.com/flex) in the UK, with more exciting things to come beyond. Our UK customers can also [save](https://monzo.com/savings), [invest](https://monzo.com/investments)and [combine their pensions](https://monzo.com/pensions) with us. 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 ❤️ 📍London or Remote (UK) | 💰 £64,000 – £80,000 + Incentive Awards tied to your performance +[Benefits](https://monzo.com/careers/) Our Prudential Risk team⭐ Our Prudential Risk team is expanding, and we are searching for a Manager to join our 2nd Line Prudential Risk Oversight team. You will be part of the broader 2LoD Risk and Compliance department here at Monzo. This represents a fantastic chance to contribute to a scaling bank with high aspirations. By joining the Prudential Risk Oversight team, you will champion our value to “grow Monzo safely.” Your focus will involve collaborating with 1st Line Financial Risk to provide expert second-line oversight of their key prudential regulatory deliverables including the ICAAP, Recovery Plan and Resolution Planning. The role will also interpret and assess the impact of regulatory change and support the review and development of financial models used for financial forecasting, capital planning, and stress testing. Ideally you will have had experiences producing or reviewing regulatory submissions, the role will support the Senior Manager overseeing the ICAAP, Recovery Plan and across all RAF barriers, with a key focus on the financial risk barriers. You will work alongside the first line to provide in-flight review and challenge and complete independent assurance reviews on discrete areas of focus. Part of the role will involve reviewing stress testing outputs from Anaplan for the ICAAP, Recovery Planning and Valuation In Resolution, it would be beneficial to have experience analysing large data sets in excel/g-sheets. A successful applicant will bring hands-on experience of interpreting and challenging capital prudential regulations and have the ability to develop and build strong working relationships with colleagues across the three lines of defence. 🔑You’ll play a key role by… * Supporting the oversight of key regulatory deliverable and enhancement plans in line with Monzo’s approach, regulatory expectations and industry best practices. * Identification and interpretation of regulatory rules, providing oversight and challenge and ensuring these are applied correctly. * Support the production of reports and options on Monzo’s financial position and controls framework for key risk committees and the Board, making recommendations for ensuring controls are effective and prudential regulatory compliance. * Work alongside the Group Risk team to ensure Monzo’s Group Financial Risk Framework and Financial Projections Framework are adhered to, and that suitable controls and policies are in place. * Review financial models used for financial forecasting, capital planning and stress testing (including the ICAAP and Recovery Plan), owned by the 1st Line of Defence, within G-Sheets and Anaplan, including running sensitivity analysis and forming insights, observations and recommendations. * Conduct discrete pieces of assurance to support the strengthening of risk and controls in Monzo. * Develop strong relationships with colleagues to support the embedding of prudential risk management activity. 🤩 We’d love to hear from you if… * You have relevant prudential experience gained within a bank, a consultancy, or a regulatory body. * You have a genuine desire to learn and grow, and you are excited about building enhanced 2LoD oversight within a dynamic, fast-paced environment. * Have in-depth knowledge/experience of the relevant regulatory requirements, specifically in relation to capital, recovery planning and resolution, and the ability to interpret what that means for the relatively unique circumstances of our bank. * Have advanced Excel/ G-sheet skills and experience of building or reviewing financial models to support financial forecasting or capital planning, preferably relevant to a retail bank. * Are interested in analysing data, performing analysis and understanding the impact on our bank to form risk insights. * You are a good relationship builder who can develop productive working connections with 1LoD stakeholders across all levels of the business, whilst maintaining the ability to provide robust, informed challenge and review to ensure our safe growth. * Strong written and verbal communication style. We are looking for someone who has a strong foundation in several of these areas, with plenty of room and support to learn and develop the rest within the role. Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply, even if you don’t have everything that’s listed just yet. Drop us your application, we’d love to hear from you! The interview process: Our interview process usually involves up to four main stages via Google Hangouts: * An initial call with our recruiter * A call with the hiring manager for the role * A role-specific interview * A behavioural interview 🙌 What’s in it for you * 💰 £64,000 – £80,000 + Incentive Awards tied to your performance benefits. * 📍 This role can be based in our London office, but we’re open to distributed working within the UK (with ad hoc meetings in London). * ⏰ We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team. * 📚 £1,000 learning budget each year to use on books, training courses and conferences. * 🏡 We will set you up to work from home; all employees are given MacBooks and for fully remote workers we will provide extra support for your work-from-home setup. * ➕ Plus lots more! Read our full list of [benefits](https://monzo.com/careers). We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them [here](https://monzo.com/blog/the-ultimate-guide-on-using-ai-to-ace-an-interview-at-monzo). We’ll close this role once we have enough applications for the next stage, so please apply as soon as you can – we don’t want you to miss out! #LI-TK1 Equal opportunities for everyone Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by 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](https://monzo.com/blog/diversity-and-inclusion), 2026 [Diversity and Inclusion Report](https://monzo.com/blog/our-2026-diversity-and-inclusion-report) and 2025 [Gender Pay Gap Report.](https://monzo.com/blog/gender-pay-gap-report-2025) 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. If you have a preferred name, please use it to apply. We don’t need full or birth names at application stage 😊 Show more [Apply now >](https://jobicy.com/jobs/156696-prudential-risk-manager.md) * ![Upload CV](data:image/svg+xml;base64,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) ### Upload your resume now To unlock remote work opportunities and be discovered by global employers. This job listing has been manually reviewed by the Jobicy Trust & Safety Team for compliance with our posting guidelines, including verification of the company's legitimacy, accuracy of job details, clarity of remote work policy, and absence of misleading or fraudulent content. Next step ## Apply now. Follow the employer’s application method and review Jobicy’s safety guidance before sharing personal information. Keep exploring ## Related remote jobs. * ![Commvault logo](https://jobicy.com/data/server-nyc0409/galaxy/mercury/2025/06/2b87d27b-221-1.jpeg) Commvault Oct 24 New ### [Corporate Counsel](https://jobicy.com/jobs/156712-corporate-counsel.md) Recruitment Fraud Alert We’ve learned that scammers are impersonating Commvault team members—including HR and leadership—via email or text. 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