Product Controller, Treasury Full Time

“Previously Startups of London has featured Monzo in our article The Complete List of Unicorn Startups in the UK 2022.

You can also click on the company name above or go to their company page from here and learn more about their culture, business and management.

As for the role; Monzo is looking for a Product Controller, Treasury to join their company. Learn more about the role, requirements as well as benefits in the below description. Click on the Apply Now button to complete job application.”

– Startup of London Team

The Role

We’re looking for a highly proactive, enthusiastic, and commercially-minded Product Controller to work within our Financial Reporting team and help us build a world-class Finance function.

We have some really exciting challenges coming up in Finance like building out our Treasury function, transacting derivatives, and more complex fixed-income products. Across the business we’re also launching investment products, continuing to grow our customer base, keep growing our lending business, and adding to our marketplace. You’ll work on scaling Monzo in a controlled way while helping us optimise our financial control processes with the help of technology. You’ll join the Finance team and report to one of our Financial Reporting Managers.

Your day-to-day   

• Work very closely with our Treasury team as we build our product control capabilities in Finance, helping support them with their interest rate swap and investment transactions.
• Take ownership of the daily control processes around these products, including trade confirmations, daily profit and loss reporting, independent price verification, and helping to build out best-practice, scaleable controls.
• Help manage a tight process with the rest of our Finance team to ensure a swift month-end close process for those products you’re responsible for.
• Understand the Treasury business and its products to write insightful management commentary.
• Work with our engineers to automate the production elements of this role, allowing you to focus on the parts of the role where your knowledge and skills provide the most value.
• Work with our 2nd and 3rd lines of defence to develop a robust control environment.
• Help review new products, assess the accounting and implement them in our banking platform and accounting system.
• Prepare monthly management and Adhoc reports, offering meaningful analysis of movements.
• Resolve miscellaneous inquiries and support the overall Finance team wherever needed – from forecasting and valuations to bank transfers and new system implementations.

You should apply if:

• You’re a qualified accountant and have had 1-2 years of experience in product control (bonus points for Treasury experience)
• You have a great eye for detail
• You’re fascinated by the banking and regulatory landscape and have a good understanding of key financial controls
• You’re a self-starter and enjoy tackling what needs doing, whether it’s making a bank transfer or pulling together reports for management or investors
• You’re comfortable translating complex information into simple words for people with diverse backgrounds
• You’re interested in using data (SQL skills would be a bonus)
• You thrive in a dynamic and constantly evolving environment
• What we’re doing at Monzo excites you!

The Interview Process:

Our interview process involves 3 main stages:

1. 30 mins phone call with a recruiter
2. An initial call with someone from the team
3. 2-3 interviews remotely via hangouts

Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us at core-hiring@monzo.com

What’s in it for you:

• 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, at times that suit you and your team.
• Learning budget of £1,000 a year for books, training courses, and conferences

If you prefer to work part-time, we’ll make this happen whenever we can – whether to help you meet other commitments or strike an outstanding work-life balance.