Monzo recruits to launch investments and wealth arm

General manager will build and run the new venture


The UK investment space is about to get a little bit more crowded with digital bank Monzo launching its own offering.

job advert on its website states that the bank wants to “redefine the way that people interact with investing and wealth”.

“We are looking for a leader to build and run the most exciting new business at Monzo – investments and wealth.”

The bank is seeking “someone to take on a general manager role, working across product, engineering, data, marketing, risk, compliance and operations to build out this product and take it to market”.

The successful candidate will be highly involved in recruiting and scaling new hires into key roles.

No details were provided about when the division is expected to launch. A spokesperson for Monzo declined to comment further when contacted by Portfolio Adviser.

The role will be part of the leadership team.

Suitable candidates are described as having “a proven track record of credibility with UK regulators” and “deep knowledge of Mifid 2 regulations”.

The person will be based in the UK, but the job is open to overseas candidates who are willing to relocate, as Monzo states it can sponsor visas.