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Vetamer Capital Management
Vetamer Capital Management
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Senior Manager, Treasury Markets



Accounting & Finance
London, UK
Posted on Wednesday, August 16, 2023


About us:

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque.

We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, test the app and give us constant feedback so we can build something everyone loves.

We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

About our Finance Team:

Our Treasury team is growing and we’re looking for a Senior Manager, Markets to join the team. You’ll report into the Deputy Treasurer with oversight from the Treasurer and be responsible for the day-to-day Treasury markets operations. Your core job will be managing the growing Treasury investment portfolio, conducting all dealing activities, analysing wholesale credit risk and leading all wholesale funding transactions including capital markets issuance at Monzo.

You'll drive product and system development to deliver new product capability and automation, and enhance the existing Treasury infrastructure and market access / relationship. You will also need to have working knowledge of other areas of Treasury in a bank. This includes understanding of FTP, ALM and being willing to help and develop the overall Treasury team.

The Role

Everyday you’ll:

  • Manage Treasury investment portfolio, whilst ensuring compliance with wholesale credit risk appetite, income budgets and regulatory requirements. Identifying potential assets, securing credit limits and executing purchases. Managing liquidity requirements through selling, repoing or reverse repoing securities as needed
  • Conduct all dealing activities including the management of the BoE reserve account and execution of derivatives hedging (interest rate swaps / FX), secured financing transactions and investment securities
  • Invest and analyse of wholesale credit risk in government and SSAs debt as well as securitisation transactions including covered bonds and asset backed securities (e.g. mortgages, consumer assets)
  • Develop and deliver Monzo’s wholesale funding strategy, including unsecured wholesale funding, development of secured funding capability (e.g. GMRA, SMF) and capital markets issuance (e.g. Tier 2, senior, securitisation). Ensuring transactions are documented in line with regulatory requirements and best practices
  • Maintain relationships with key advisors / banks to identify and drive optimal funding / investment opportunities, including structuring and pricing decisions.
  • Lead, motivate and develop the Treasury Markets team
  • Promote and represent Monzo at industry functions / forums to develop and drive initiatives such as alternative funding and product development
  • Contribute to the production of the applicable ILAAP / ICAAP / RRP sections
  • Contribute to the ALCo pack and presenting at ALCo when required
  • Lead change initiatives / projects (e.g. improvements of existing systems)
  • Develop relationships with regulator where required
  • Lead best practice approach to all areas of Treasury operations
  • Work with teams across finance, second & third line defence

You should apply if:

  • You have significant experience working at a bank and have in depth knowledge of several areas of Treasury (particularly financial markets)
  • You have the desire to have key role in developing how Treasury works at Monzo
  • You have extensive knowledge of standards that are expected by regulators and how to deliver against them
  • You have proven ability to coordinate, develop and lead teams
  • You have experience building strong relationships with stakeholders at all levels within the business
  • What we are doing at Monzo excites you!

The interview process:

Our interview process involves 3 main stages:

  • Recruiter call
  • Initial call with the hiring manager
  • 3-4 calls/in person meetings with senior stakeholders across the business

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 recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on *hiring email*

What’s in it for you:

✅ We can sponsor visas

📍This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).

⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.

📚 Learning budget of £1,000 a year for books, training courses and conferences

➕ And 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.

Equal Opportunity Statement

We are actively creating an equitable environment for every Monzonaut to thrive.

Diversity and inclusion are a priority for us and we are making sure we have lots of support for all of our people to grow at Monzo. At Monzo, embracing diversity in all of its forms and 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, 2022 Diversity and Inclusion Report and 2022 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.