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Job Description
Monzo is seeking a Senior Operational, Technology and Outsourcing Risk Manager to join their team in Ireland. This role is crucial for providing independent oversight and challenge to the effectiveness of operational, technology, and outsourcing risk management practices across the EU. The ideal candidate will work closely with senior stakeholders to proactively identify, assess, monitor, and manage risks in line with Monzo's risk management framework.

Role Involves:
  • Acting as the second line subject matter expert for operational risk, ICT and security risk, and third-party/outsourcing risk.
  • Providing effective oversight and challenge of first line risk and control self-assessments, incident management and reporting, issue remediation and risk mitigation processes.
  • Supporting the ongoing development and maintenance of our Operational Risk Management Framework, policies, standards and associated ICT, Security and Third Party Risk Management policies and risk appetite metrics.
  • Conducting second line assurance reviews and risk deep dives into critical operational and technology areas, providing actionable recommendations and insights.
  • Reviewing and challenging the design and effectiveness of controls over key technology systems, digital infrastructure and outsourced service providers.
  • Providing second line input into our technology and security strategies, business continuity planning, and third-party onboarding processes.
  • Overseeing the implementation and testing of the digital operational resilience act (DORA) in the EU and ensuring compliance with applicable local regulatory standards.
  • Partnering with supplier operations, legal, and technology and information security teams to assess third-party risk throughout the outsourcing lifecycle.
  • Preparing operational, technology and third party risk reports and providing updates to relevant governance forums, including risk committees and senior management.

Requirements:
  • 10+ years’ experience in operational risk, technology risk or related roles in financial services, ideally within a digital or challenger bank.
  • Deep knowledge of risk management practices, regulatory expectations, and industry standards related to operational, ICT and outsourcing risk.
  • Strong understanding of digital banking technology, including cloud computing, cybersecurity, fintech integrations and data management.
  • Experience in evaluating and challenging risk and control environments, particularly in high-growth or fast-changing environments.
  • Proven ability to navigate complex stakeholder landscapes and influence decision-making at senior levels.
  • Detailed understanding of regulatory requirements such as EBA Guidelines on ICT & Security Risk Management, EBA Guidelines on outsourcing arrangements, DORA, Central Bank of Ireland Guidance on Operational Resilience, General Data Protection Regulation (GDPR), Payment Service Directive (PSD2/PSD3).
  • Experience conducting Business Impact Assessments (BIA) and scenario testing.
  • Strong analytical, problem-solving and project management skills.
  • Excellent stakeholder management and communication skills, with the ability to influence senior leadership.
  • Experience working with regulators and managing regulatory engagements.

What Monzo Offers:
  • A competitive compensation package, composed of a base salary + share options.
  • Flexible working hours.
  • 34 days of annual leave including public holidays.
  • €1,200 learning budget each year.
  • Private healthcare scheme.
  • Pension scheme.
  • Wellbeing benefits: financial education, women’s and men’s health support, mental health benefits, including coaching and counselling.
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