đ Weâre on a mission to make money work for everyone.
Weâre waving goodbye to the complicated and confusing ways of traditional banking. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!Weâre not about selling products - we want to solve problems and change lives through Monzo â¤ď¸Hear from our team about what it's like working at Monzo â¨
đLondon or Remote | Benefits | Hear from the team â¨Â About the role:
We're looking for an experienced Reward Regulatory Governance Specialist to join the Reward Squad within our People Collective to help us work at scale while maintaining a people focused business and excellent culture.Reporting to the Head of Reward Governance, youâll be empowered to contribute towards the success of the company by contributing to the shaping of Monzoâs remuneration policy, processes and practices whilst ensuring compliance from a remuneration regulatory perspective in the UK and across the EU.
The role
Youâll be responsible for providing subject matter expertise on Reward governance and regulation, ensuring that the appropriate structures, policies and practices are in place across Monzo. This will involve keeping abreast of remuneration regulatory issues and evaluating Monzoâs remuneration policies, practices and processes against the continuously evolving remuneration regulatory landscape in the UK and across the EU. The role will include interpreting remuneration regulations and implementing change across Monzo in the following areas:
- Evaluating Monzoâs remuneration policies and practices against a continuously evolving remuneration regulatory landscape in the UKÂ
- Implementation of the EU remuneration regulatory requirements and compliance with the EU remuneration regulations
- Keeping up to date with UK and EU remuneration regulatory issues
- Managing complex remuneration/regulatory projects across the wider People collective
- Key contributor to the shaping and application of Monzoâs remuneration policy, processes and practices from a UK and EU perspective
- Helping to shape and develop Monzoâs reward structures to ensure compliance with regulatory requirements
- Managing the annual MRT identification process and MRT communications
- Managing remuneration regulatory reporting
- Managing regulatory remuneration auditsÂ
- Educating the People Collective on the practical impact of remuneration regulations
- Drafting Remuneration Committee papers
- Working closely with the wider Reward team and other internal stakeholders i.e. Risk & Compliance, Legal, Finance
- This will be a varied and dynamic role that will need to be flexible and adapt to evolving growth areas of MonzoÂ
You should apply if:
- You have knowledge of UK and EU remuneration regulations in financial services
- You are able to review and interpret internal/external advice and implement appropriate policy and process changesÂ
- You prioritise high impact work, but never neglect the details
- You are flexible and are comfortable working with ambiguity, on-going change and changing priorities
- You naturally consider the customer/people impact of decisions and communications
- You have a process improvement mindset to increase the effectiveness and efficiency of the services offered
- You are independent, proactive, comfortable making decisions, and a great communicatorÂ
The Interview Process:
Our interview process involves 4 main stages:Â
- A call with a recruiter (30 mins)
- Initial Call with Hiring Manager (30 mins)
- Role Specific Interview (60 mins)
- Values & Collaboration Interview (60 mins)
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 hiring team at various points during your process, but if you do have any specific questions before this please contact us on business-hiring@monzo.com.
Whatâs in it for you:
đThis role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).â° We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your teamđLearning budget of ÂŁ1,000 a year for books, training courses and conferencesâAnd 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.#LI-TK1Â
Equal opportunities for everyone
Diversity and inclusion are a priority for us and weâre making sure we have lots of support for all of our people to grow at Monzo. At Monzo, weâre embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2023 Diversity and Inclusion Report and 2023 Gender Pay Gap Report.Weâre an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.If you have a preferred name, please use it to apply.
We don't need full or birth names at application stage đ
