As fintech companies continue to mature in the wake of the 2008 US regional banking crisis and the collapse of Silicon Valley Bank (SVB), Monzo is one of the UK's leading online banks that is quietly hiring in London, including from JPMorgan.
The company is strengthening its financial crime team, and the recent hires from rivals such as JPMorgan have made a significant impact. One of Monzo's most recent hires is Elena Duta, a junior anti-money laundering specialist who has just joined from JPMorgan.
Her knowledge of financial crime will help Monzo's compliance team, which is crucial to the bank's success, be strengthened. Roshni Reddy, who spent five years working in big tech at Google and Uber before joining Singapore fintech Grab, is also Monzo's most significant hire. Roddy left Grab in March after five years and moved to London with Monzo in April, where she now leads the financial crime product team.
The recruitment drive at Monzo also includes other junior compliance hires. Financial crime investigator Amir Zahid graduated in 2020 and worked at both Lloyds and the UK Home Office before joining Monzo. Hashim Kidiwala graduated last August and spent seven months as a fraud agent at eCommerce fintech THG before joining Monzo.
These junior hires will help to strengthen Monzo's financial crime team, which is essential to the bank's success.As a digital bank, Monzo has seen significant growth in recent years. The bank, which was founded in 2015, now has over five million customers, making it one of the largest challenger banks in the UK.
Monzo has built a reputation for being a customer-focused bank that offers innovative products and services. However, with growth comes the need to ensure that compliance and risk management are a top priority.
Financial crime is a significant concern for banks of all sizes, and Monzo is no exception. The bank has been investing in its financial crime team, with a focus on hiring experienced professionals with a proven track record.
The recent hires from JPMorgan and other financial institutions demonstrate Monzo's commitment to building a strong and capable financial crime team. Monzo's recruitment drive in London, including from JPMorgan, highlights the bank's commitment to strengthening its financial crime team.
With a focus on compliance and risk management, Monzo is well-positioned to continue its growth trajectory and remain a customer-focused bank that offers innovative products and services. As the fintech industry continues to evolve, Monzo's investments in its financial crime team will be critical to its success.