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Salary: EUR 75,000 - 95,000 / annual
Monzo is seeking a Senior Risk & Compliance Officer to oversee risk management and compliance activities for the Spanish Branch of Monzo Bank Europe. This is a Second Line of Defense (2LOD) role with functional reporting to EU Risk Directors and operational reporting to the Spain Branch Manager.
You will implement Monzo's Risk Management Framework in Spain, monitor the branch's key material risks (operational, conduct, compliance, credit, ICT/security, and business), and serve as a trusted advisor to the Spain Branch Manager. The role includes acting as the Customer Service Representative and Deputy MLRO for Spain, supporting Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance.
Key responsibilities include:
- Establishing and embedding robust risk and compliance culture as the primary 2LOD contact for the Spanish branch
- Monitoring and interpreting local regulatory updates from Banco de España and integrating changes into operating procedures
- Coordinating and drafting regulatory risk and compliance reports for local authorities and EU-level Risk Committees
- Supporting the Branch Manager in maintaining clear governance, accountability structures, and regulatory horizon scanning
- Developing and maintaining the Branch Risk Appetite Statement (RAS)
- Establishing branch-level risk and compliance dashboards, metrics, and data analytics capabilities
- Attending and participating in internal governance forums, presenting management information and risk dashboards
- Leading on all matters related to Spanish business within the wider Risk and Compliance team
- Championing strong risk and compliance culture through training and awareness programs
- Overseeing operational risk profile, ICT/security, data, and third-party risk oversight
This is a Controlled Function (CF-2) role requiring Central Bank of Ireland Fitness and Probity Standards compliance and subject to Individual Accountability Framework conduct standards.
