Senior Audit Manager Finance and Borrowing 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 Senior Audit Manager Finance and Borrowing 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

Our Internal Audit team is growing and we’re looking for a Senior Audit Manager for Finance and Borrowing to join the team and complete our transition to a fully in house function. Borrowing is the Collective that lends money to customers. This role reports directly into the Head of Audit and will support building out a team of three fellow auditors and will be responsible for leading audit delivery across Finance and Borrowing.

Internal audit is Monzo’s “Third Line of Defence” (3LoD). ​Internal Audit provides Monzo’s Board and Executive Management with independent and objective assurance on the adequacy and functioning of the system of internal control. The scope of internal audit covers all activities at Monzo, all areas of current and future risks within Monzo, and an assessment of risk management and mitigation controls in Monzo’s current and expected business environment.

Your day-to-day:   

• Being a key member of the Internal Audit Team, helping to set the strategy and vision.
• Supporting the development and execution of a flexible audit plan in Finance and Borrowing in accordance with internal audit methodologies and regulatory requirements.
• Overseeing Internal Audit Managers (and co-source support) in the delivery of the Finance and Borrowing portfolio, managing their individual performance and supporting them in achieving their career aspirations.
• Building strong relationships with various stakeholders, including Finance leadership, attending key committees as required.
• Forming an independent view of whether the key risks to the organisation have been identified, including emerging and systemic risks, and assess how effectively these risks are being managed.
• Escalating any significant audit findings, within or outside of the annual audit cycle, to the Head(s) of Audit.
• Embedding the use of data as part of our core audit processes (risk assessment and planning, audit execution, continuous monitoring).
• Delivering value-adding and insightful audit reports, ensuring factual accuracy is agreed and managing stakeholder communications.
• Reporting on management’s control awareness (culture and approach taken by all levels of management).
• Manage the validation of issues raised in prior audits.
• Improving Audit Committee Reporting, Governance and MI, including actions tracking.
• Delivering through the performance of others including direct line management and some co-source support.
• Ensuring the principles of integrity, objectivity, confidentiality, and competency are applied and upheld.

You should apply if:

• Are a skilled relationship developer with the ability to effectively challenge and influence senior management on audit/risk matters and build partnerships with other assurance functions and the business to embed good corporate governance.
• Are looking to support building a Finance and Borrowing Audit team, supporting the hiring and coaching the team as the audits transition from an external  provider to in house
• Are a strong leader with significant experience in people management, supporting peers and leading high performance teams to meet pre-agreed deadlines.
• Are an experienced Senior Audit Manager level audit professional (minimum 8 years) who has worked in fast moving environments with developing risk and control frameworks.
• Have significant experience and strong knowledge across key Finance and Borrowing Domains: Core Financial Controls Framework, Regulatory reporting, Credit Risk, Liquidity and Capital Funding Risk, Tax and Treasury
• Proficient in data analytics and interpreting data – with significant practical experience with SQL.
• Have a proven track record of identifying, assessing and evaluating risks and controls, advising business stakeholders from a risk perspective, while also understanding the commercial view.
• Embrace continuous learning and development.
• Have the ability to work within complex and dynamic settings, both anticipating as well as responding to change.
• Have a good understanding of IIA standards
• Have a relevant qualification (IIA, IRM, ACCA, ACA, CIMA, CPA or CFA)

The Interview Process:

Our interview process involves 4 main stages:

1. Recruiter Call
2. Initial Call with our Chief Internal Auditor
3. Role specific interview
4. Finance & Values interview

Our average process takes around 3-4 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 on core-hiring@monzo.com

What’s in it for you:

• We can help you relocate to the UK
• We can sponsor visas for this role
• 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 this is to help you meet other commitments or strike a great work-life balance.