Treasury Risk Manager New Cardiff, London or Remote (UK)

Prudential Risk Team — Manager, 2nd Line Treasury Risk Oversight

Location: London, Cardiff, or Remote (UK). Salary: £63,800 – £80,650, plus incentive awards tied to performance. Benefits include flexible working, learning budget, and home‑office support.

This manager sits within the 2LoD Risk and Compliance department at Monzo, providing second‑line oversight of Treasury Markets’ investment activities and portfolio performance.

Responsibilities

• Oversee the growing Treasury investment portfolio and monitor wholesale credit risk, market and liquidity risks, and collateral performance.
• Write independent credit assessments for proposed counterparties and securitizations.
• Conduct independent stress testing of ABS and CLO structures to evaluate portfolio resilience.
• Represent 2LoD in investor roadshows to better understand collateral, structuring, and security risks.
• Monitor market trends and themes in wholesale credit markets, raising emerging risks to Treasury Markets.
• Act as a key contributor to the Wholesale Credit Risk Forum, presenting 2LoD perspectives.
• Review monthly information submitted to ALCo packs and offer 2LoD opinions on approval topics.
• Play a core role in 2LoD oversight of new Treasury proposal submissions.
• Ensure appropriate controls exist and are consistently monitored across all Treasury dealing activities.
• Develop understanding of Treasury ALM (Asset Liability Management) to support ALM risk oversight.

Qualifications

• Relevant experience within a bank, consultancy, credit rating agency, or regulatory body.
• Desire to learn and grow in a dynamic, fast‑paced environment.
• Solid understanding of key asset classes such as sovereign and supranational debt, covered bonds, ABS, and CLOs.
• Familiarity with securitizations, including structure, underwriting, and stress‑testing.
• Critical evaluation of risk data, including investment prospectuses and credit rating agency reports.
• Knowledge of key market products, especially FX markets, repos, and interest‑rate derivatives.
• Hands‑on system skills with Bloomberg, Trade Management System, and Python/SQL for reporting dashboards.
• Strong relationship building with 1LoD stakeholders at all business levels.
• Understanding of prudential regulatory requirements, focused on liquidity and capital as they relate to investment portfolios.

Benefits

• Competitive salary of £63,800 – £80,650 plus performance incentives.
• Flexible working hours and the trust to work enough hours to meet targets.
• £1,000 annual learning budget for books, courses, and conferences.
• Home‑office equipment, including MacBooks, with additional support for remote workers.
• Benefits include paid holidays, health scheme, pension scheme, and more.

Equal Opportunity Employer

We’re an equal‑opportunity employer. All applicants will be considered for employment without regard to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or disability status.

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