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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 Controlled Function (CF-2) role that sits within the Second Line of Defense, reporting functionally to EU Risk Directors while maintaining operational accountability 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), and serve as the primary 2LOD point of contact for Spanish operations. Key responsibilities include acting as the Customer Service Representative and Deputy MLRO for Spain, supporting Anti-Money Laundering and Countering the Financing of Terrorism compliance, and providing independent oversight and challenge across credit, operational, ICT/security, conduct, compliance, and business risks.
Your core duties encompass establishing and embedding a robust risk and compliance culture; monitoring and interpreting local regulatory updates from Banco de España; coordinating regulatory risk and compliance reports for local authorities and EU-level committees; supporting the Branch Manager in maintaining clear governance and accountability structures; developing and maintaining branch-level risk appetite statements; establishing risk and compliance dashboards with data analytics capabilities; and championing strong risk and compliance culture through training and awareness programs.
You will oversee the branch's operational risk profile, manage ICT and security risk oversight, coordinate third-party risk assessments, ensure conduct risk compliance, and maintain regulatory horizon scanning. The role requires functional independence, trusted advisor status to the Spain Branch Manager, and active participation in internal governance forums. This position is conditional on meeting Fitness and Probity Standards issued by the Central Bank of Ireland and will be subject to Conduct Standards under the Individual Accountability Framework.
