FOS RCA Manager

🚀 We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

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!

We’re not about selling products—we want to solve problems and change lives through Monzo ❤️

🔑 You’ll play a key role by...

• Establishing and refining our FOS RCA framework and methodology to drive consistent and high-impact investigations.
• Overseeing the monitoring of KRIs including referral, overturn, and uphold rates to identify high-risk focus areas and allocate analytical resources effectively.
• Preparing for and presenting strategic insights at key governance forums to create oversight and gain buy-in from senior leaders.
• Driving cross-functional accountability with domain leads, Product, Engineering, and Operations to ensure business owners accept responsibility for root causes and implement agreed actions.
• Evaluating the long-term effectiveness of completed remediation initiatives through rigorous post-implementation reviews, ensuring systemic issues are fully resolved and measuring overall risk reduction.
• Mentoring and developing a high-performing team of RCA Analysts, conducting quality checks on deep dives, and fostering a culture of continuous operational improvement.

🤩 We’d love to hear from you if...

• Root cause leadership: proven experience leading RCA strategies, failure investigations, or continuous improvement functions within financial services is essential.
• Regulatory expertise: in-depth knowledge of DISP, FCA regulatory expectations, and the end-to-end FOS journey and Ombudsman decision-making processes is essential.
• Senior stakeholder influence: exceptional ability to negotiate with, challenge, and gain buy-in from senior leaders to drive change.
• Data & analytics oversight: fluent in data-driven decision-making, with experience using tools like Looker to track metrics, identify trends, and measure risk exposure.
• Governance & risk management: strong track record of preparing executive committee decks, and enterprise risk management experience.
• Strategic communication: ability to distill complex operational failures and technical findings into clear, high-level narratives and actionable recommendations for board-level audiences.

🌈 The application journey has 4 key steps

• Application questions – We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.
• Recruiter Call - 30 mins
• 1st stage Technical Interview - 1 hour
• and if you pass the 1st stage, a 2nd stage interview with case study.

🙌 What’s in it for you

💰 £41,300 to £52,250 + Incentive Awards tied to your performance

⏰ This role requires you to work 40 hours a week, Monday - Friday between core hours 8am - 6pm.

📍This role is within the UK - we cannot sponsor Visas for this role

🏡 We will set you up to work from home; all employees are given MacBooks and for fully remote workers, we will provide extra support for your work-from-home setup. Plus lots more! Read our full list of benefits.