ppWe82re on a mission to make money work for everyone. /ppWe82re waving goodbye to the complicated and confusing ways of traditional banking. /ppWith 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! /ppWe82re not about selling products - we want to solve problems and change lives through Monzo /ppMadrid, Spain | €75,000 - €95,000 + Incentive Awards tied to your performance + benefits | Hear from the team /ppWe are looking for a Senior Risk Compliance Officer to oversee risk management and compliance activities for the Spanish Branch of Monzo Bank Europe. In this role, you will implement Monzo99s Risk Management Framework in Spain, monitor the Branch99s key material risks covering operational, conduct and compliance risks, and support regulatory engagements particularly with Banco de España. /ppActing as a trusted advisor to the Spain Branch Manager, you will provide independent oversight, challenge and advice across a broad spectrum of risks including Credit, Operational, ICT/Security, Conduct, Compliance and Business risks. You will maintain strict functional independence via your reporting lines into the EU Risk Directors. /ppThis role sits within the Second Line of Defense (2LOD) and reports functionally to the EU Director of Operational Risk and the EU Director of Conduct Compliance Risk, and operationally to the Spain Branch Manager. /ppThis role includes acting as the Customer Service Representative of the Branch in accordance with article 5 of Order ECO/734/2004 and as the Deputy MLRO for Spain, supporting the MLRO in overseeing compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations, and providing 2LOD coverage and backup when required. /ppThe role you are applying for is a Controlled Function (CF-2) within the meaning of the Central Bank Reform Act, 2010. For this role, appointment will be conditional on Monzo being fully satisfied that the appointee meets the requirements as set out in the Fitness and Probity Standards issued by the Central Bank of Ireland. As a CF, the role holder will be subject to Conduct Standards under the Central Bank of Ireland Individual Accountability Framework (IAF) and will be required to take reasonable steps to ensure that the relevant conduct standards are met. /ph3Local Branch Risk Compliance Oversight and Governance /h3ulliActing as the primary 2LOD point of contact for the Spanish branch, establishing and embedding a robust risk and compliance culture. /liliMonitoring and interpreting local regulatory updates from the Banco de España and other relevant authorities, ensuring changes are effectively integrated into local operating procedures. /liliCoordinating and drafting regulatory risk and compliance reports for local authorities, the Spain Branch Management Committee and EU-level Risk Committees as appropriate. /liliSupporting the Spain Branch Manager in maintaining clear local governance, accountability structures, and regulatory horizon scanning and mapping. /liliDeveloping, maintaining, and reporting against the Branch Risk Appetite Statement (RAS). /liliEstablishing and maintaining branch-level risk and compliance dashboards, metrics, and data analytics capabilities to support informed decision-making for Spanish operations. /liliAttending and actively participating in relevant internal governance forums, presenting management information (MI) and risk dashboards to key stakeholders. /liliServing as a key leader within the wider Risk and Compliance team concerning all matters related to the Spanish business. /liliChampioning a strong risk and compliance culture across Monzo's Spanish operations by developing and delivering comprehensive training and awareness programs for employees. /li /ulh3Operational, ICT, Security, Data Third-Party Risk Oversight /h3ulliOverseeing the branch99s operational risk profile, ensuring that internal incidents, errors, and near-misses are accurately captured, investigated and mitigated. /liliContributing to the Risk and Control Self-Assessment (RCSA) process, ensuring branch-specific risks are accurately identified and assessed with appropriate controls in place. /liliProviding targeted 2LOD oversight on ICT, Cybersecurity, and Data Privacy (GDPR/local data protection) risks, ensuring strict alignment with the Digital Operational Resilience Act (DORA) and local technology frameworks. /liliOverseeing Payment Services compliance (including PSD2/PSD3/PSR transitions), monitoring transaction resilience, instant payment performance, and operational uptime. /liliOverseeing risk and control assessments for local Third-Party Providers (TPPs) and outsourced critical services,



ensuring inter-company and external vendor SLAs are monitored in compliance with local outsourcing regulations /li /ulh3Conduct Risk, Compliance Consumer Protection /h3ulliActing as the Customer Service Representative of the Branch in accordance with article 5 of Order ECO/734/2004. /liliReviewing and overseeing the conduct risk profile within the branch, ensuring that product design, marketing materials and customer interactions result in positive outcomes and comply with the Spanish Consumer and Conduct rules. /liliMonitoring and challenging local compliance processes, including complaints handling data, trend analysis, product governance and Go-To-Market (GTM) strategies. /liliPreparing and presenting the annual Customer Service report to Branch Management, leveraging operational insights to provide actionable recommendations for improving processes and customer outcomes. /liliLeading local Compliance Assurance reviews to validate the operational effectiveness of key internal controls. /liliPartnering and coordinating with the centralised EU compliance team to ensure local Spanish nuances are addressed and that Monzo adheres to all applicable regional supervisory expectations and guidelines. /liliProviding 2LOD compliance review and formal sign-off for all advertising and marketing materials destined for the Spanish market. /liliContributing actively to the branch99s ongoing regulatory horizon scanning and change management processes. /li /ulh3Credit Business Risk Oversight /h3ulliMonitoring and providing independent 2LOD challenge on local credit portfolio performance, highlighting trends in non-performing loans (NPLs), credit concentrations or underwriting deviations. /liliAssessing the suitability of the credit risk framework and policies for the Spanish market, challenging credit risk strategies as appropriate. /liliMonitoring business and strategic risks affecting the branch, ensuring that market-entry or product diversification activities align with the approved local Risk Appetite Statement (RAS). /li /ulh3Deputy MLRO FinCrime Oversight /h3ulliActing as the designated Deputy MLRO for the Spain Branch, providing operational and governance coverage for the MLRO as required. /liliAssisting in overseeing AML/CFT compliance frameworks and supporting internal reporting and regulatory interactions with relevant authorities (e.g., SEPBLAC). /liliYou have a minimum of 7 years of experience in Risk Management, Compliance or Internal Audit within a regulated retail bank, digital bank, or top-tier fintech operating in Spain /liliYou have a deep understanding of Banco de España regulations and broader EBA/ECB regulatory requirements (CRD V, PSD2/3, GDPR, DORA, AML/CFT) /liliYou have a proven experience in working with regulatory authorities and managing compliance-related audits. /liliYou have demonstrated experience managing or overseeing multiple risk types, with specific expertise in Operational Risk, ICT/Security Risk, Conduct risk, Compliance Risk and basic Credit Portfolio Quality reviews. /liliYou are a native or completely bilingual Spanish speaker with excellent professional proficiency in English (written and spoken), capable of translating complex local regulations into corporate/Group updates. /liliYou are a self-starter mentality comfortable with a matrix reporting structure. Ability to challenge senior executives constructively while maintaining a collaborative, solution-oriented approach to scaling a business. /liliYou are passionate about financial technology and motivated by the opportunity to be at the forefront of banking transformation in the EU. /li /ulpNot ticking every box? That9s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we9re dedicated to creating a diverse and welcoming team. If you9re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don9t have everything that's listed just yet. Drop us your application, we9d love to hear from you! /ph3What9s in it for you /h3pA salary range of €75,000 - €95,000 + Incentive Awards tied to your performance /ppThis role will have a hybrid working model, based in our Madrid office 2 - 3 days a week, however, you will be expected to travel to Monzo9s head offices in Dublin and/or London from time to time.



/ppWe offer versátil working hours and trust you to work enough hours to do your job well, and at times that suit you and your team. /ppAnnual Leave - 38 days including public holidays /pp€1,200 learning budget each year to use on books, training courses and conferences. /ppWellbeing benefits: financial education, women’s and men’s health support, mental health benefits, including coaching and counselling /ppThe application journey has 4 key steps /pulliShort call with a Monzo recruiter /liliVideo-call with the Hiring Manager /liliInterview Loop: 2 x video-call interviews /liliFinal Exec Call /li /ulpThis process should take around 3-4 weeks - your schedule is really important to us, so we promise to be as flexible as possible! /ppWe have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here . /ppWe9ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don9t miss out. /ppIf you're successful in applying for this role, we'll work with you to find a start date. In some cases, there might be a delay in when you can be released from your current role so that we can make sure things continue to run smoothly. We9ll be sure to communicate this with you and keep you updated. /ppEqual opportunities for everyone /ppDiversity and inclusion are a priority for us and we9re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we9re 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 , 2026 Diversity and Inclusion Report and 2025 Gender Pay Gap Report. /ppWe9re 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. /ppIf you have a preferred name, please use it to apply. We don9t need full or birth names at application stage /ph3Apply for this job /h3p* /ppindicates a required field /ppFirst Name * /ppLast Name * /ppEmail * /ppPhone /ppCountry * /ppPhone * /ppLocation (City) * /ppResume/CV * /ppEnter manually /ppAccepted file types: pdf, doc, docx, txt, rtf /ppEnter manually /ppAccepted file types: pdf, doc, docx, txt, rtf /ppSelect... /ppA US Person is defined as someone who: /pulliwas born in the United States (US) /lilihas at least 1 parent who was born in the US /liliis a naturalised citizen of the US /liliis a green card holder /liliis a US tax resident /li /ulpClosing: the data privacy notice and confirmation steps removed /ppPlease confirm your Work Authorisation status. * /ppIf you9d like to, please share your preferred pronouns (eg. they/them/theirs, she/her/hers). /ppIf you'd like to, please spell out your name how it's pronounced so we know how to say it. /ph3Identity survey /h3pOur goal at Monzo is to make money work for everyone. To do that, working at Monzo must work for everyone. We want to create an equitable, engaged and innovative workplace which gives people from all backgrounds the support they need to thrive and grow. /ppMaking Monzo work for everyone starts right at the beginning of every Monzonaut's journey: when they apply to work here. This demographic survey will help us better understand the people who apply to work at Monzo. Itll help us see how different groups progress through our hiring process, and where we need to make improvements to be more inclusive. If you choose to fill it out, all of the information you give us is: /pulliVoluntary . And we've included a "prefer not to say" option for every question. It'd be helpful if you still fill out the survey even if you choose "prefer not to say" for every question, as it's useful for us to understand record this. We won't know if you choose to fill this survey in or not. /liliAnonymous to Monzo . We can't tie your responses to you and they won't make a difference to the outcome of your application. We'll only use grouped responses for equal opportunities monitoring in our hiring process. /li /ulpBy filling out this survey, you agree that we can use your responses for the purposes we've mentioned above. You are not letting us know if we need to make any adjustments to the hiring process because of disability or neurodiversity - to do this please email us. /ppHow would you describe your gender identity? Select... /ppDo you identify as transgender? Select... /ppWhat's your sexual orientation? Select... /ppDo you identify as having a disability? Select... /ppDo you consider yourself to be neurodivergent? Select... /p /p #J-18808-Ljbffr

📌 Senior Risk & Compliance Officer (Madrid)
🏢 Monzo
📍 Madrid