Regulatory Reporting Manager Madrid

About the role

We’re searching for an ambitious, innovative and data-focused individual to help establish, develop, and run the day-to-day activities of our Regulatory Reporting capabilities in Spain. The role includes responsibility for ensuring our horizon scanning and interpretation activities are correctly reflected in regulatory reporting returns, and monitoring our adherence to the applicable rules on an ongoing basis. This includes identifying and defining any changes required to data and production quickly and safely.

Combining the learnings of some of the fastest growing tech companies in the world with your own unique approach, you will work as part of a wider high-energy, dynamic team and foster open, collaborative, and inclusive working, embrace change, and inspire continuous learning. You will help enable Monzo to scale into a world-class, diverse and passionate group of people capable of effecting change across the globe.

• Proactively identifying and interpreting the rules, regulations and guidance applicable to Regulatory Reporting for the Spanish Branch, and ensuring ongoing compliance in the production of returns
• Developing, implementing and maintaining the processes and controls required to document and evidence Monzo’s Regulatory interpretations
• Ensure that the processes and controls in place to produce returns are compliant with the applicable regulations, to facilitate accurate, complete and timely reporting with appropriate governance.
• Working closely with our engineers and data scientists to ensure efficient, accurate and timely data sourcing throughout production processes.
• Working with a range of internal and external stakeholders, at a Group and Branch level, including the Country Manager, Spanish Business Manager, Risk, Data and project teams, to navigate and agree on what can be complex or ambiguous regulations in order to achieve the best outcome for Monzo
• Prepare regulatory returns for Monzo’s Branch in Spain
• Play a key role in the automation of Monzo’s regulatory reporting, specifically implementation, user acceptance testing (UAT) and maintenance
• Ensuring that changes to processes that support regulatory reporting are implemented quickly and safely
• Collaborate with the Monzo EU (Ireland based) regulatory reporting team, as well as the UK based Group team, on transfer of best practice and assist with consolidation of Spanish Branch activity in group reporting.
• Working with the rest of Monzo to help them understand regulatory implications of new products and services
• Contribute towards our ambitious expansion plans including supporting the rest of Monzo and ensuring that the Regulatory Reporting team is always an enabler
• You have experience understanding and operationalising a wide range of regulatory requirements within the Spanish financial services sector as well as reporting to Banco de España
• You have experience in the large-scale implementation and testing (UAT) of automated reporting solutions such as AXIOM.
• You are able to propose dynamic solutions to problems and implement these changes quickly and safely
• You have excellent planning, organisation and time-management skills and are able to manage people on this basis
• You’re excited to leverage technology to automate reporting and capital management with a track record of continuous process improvement
• You have a great eye for detail and are numerically astute
• Are self-motivated, ‘hands‑on’ and take satisfaction in supporting colleagues, projects or tasks however big or small
• You have fluency in Spanish and English

What’s in it for you

A salary range of €46,800 - €56,970 with incentive awards tied to your performance.

• Hybrid working model, based in our Madrid office 2‑3 days a week; may also be required to travel to other locations.
• Flexible working hours.
• Annual leave: 38 days including public holidays.
• €1,200 learning budget each year for books, training courses and conferences.
• Wellbeing benefits: financial education, women’s and men’s health support, mental health benefits, coaching and counselling.

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re 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. We can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re 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.