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Head of Audit, Finance & Borrowing
Monzo
3.4km | , UK
role reference:  wyw_#00461
Location
3.4km | , UK
Salary
Annual
£130,000
Contract Full-time
Industry Banking
Hours 40 - 40 Hours
Days at home 3-4 Per Week
Closing date 23/10/2022
  • Auditing
  • Financial Accounting
  • Financial Modeling
  • Finance
  • Banking
  • AUDIT
  • SQL
Description:

Our Internal Audit team is growing and we’re looking for a Head of Audit 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 Chief Auditor, will build out a team of three auditors reporting into it 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 Leadership Team, helping to set the strategy and vision.
  • Developing and executing a flexible audit plan in Finance and Borrowing in accordance with internal audit methodologies and regulatory requirements.
  • Building strong relationships with senior stakeholders, including ExCo and Board, attending key committees and deputising for the Chief Internal Auditor 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.
  • 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 (attitude 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 ExCo and senior management on audit/risk matters and build partnerships with other assurance functions and the business to embed good corporate governance.
  • Are looking to build a Finance and Borrowing Audit team, 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 Head of Audit level audit professional (minimum 10 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.
  • 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:

💰 circa £130k base salary➕ plus stock options

✈️ 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

➕And much more, see our full list of benefits here 

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.

 

Key skills:
  • Auditing
  • Financial Accounting
  • Financial Modeling
  • Finance
  • Banking
  • AUDIT
  • SQL
Annual
£130,000

CONTRACT

INDUSTRY

Role Type

Days at home

Closing Date

40 - 40 Hours
Flexibility:
Working Patterns
Flexi-Time
Full-time
Flexibility:
Workplace
Hybrid Working (Office / Home)
Office Working
Flexibility:
Life event
Career Breaks / Sabbatical
Shared Parental Leave
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