Product Manager (Core Banking) | Madrid
Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.
We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.
In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.
By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.
Key Responsibilities
Core Banking Product Ownership
Own the vision, strategy and roadmap for the core banking platform and its ecosystem.
Act as Product Owner for one of Mambu, Thought Machine or Engine by Starling (or equivalent modern core banking platform).
Define target operating models, functional scope, productconfigurationand extension strategy.
Manage product configuration versus custom build decisions, ensuring regulatory and commercial alignment.
Neo‑Bank Greenfield Delivery
Lead core banking product workstreams fornew‑bankor regulated platform creation,migrationor major transformation.
Support licence applications, mobilisation phases and regulator readiness activities whererequired
Partner with Architecture and Engineering to design scalable,API‑first,cloud‑nativesolutions.
Regulatory & Compliance Engagement
Work directly with regulators (e.g. ECB, local national regulators) on platform design, controls, and operational readiness.
Ensure core banking capabilities support regulatory requirements including safeguarding, reconciliation, reporting,auditabilityand resilience.
Collaborate closely with Compliance, Risk and Financial Crime teams to embed controls by design.
Delivery & Stakeholder Management
Translate business,regulatoryand operational requirements into clear product backlogs and priorities.
Work closely with engineering teams using agile delivery methodologies (Scrum/Kanban).
Own senior stakeholder communication across Technology, Operations, Finance and Executive leadership.
Run &Operate
Own the product in production, including reliability, resilience,performanceand vendor management.
Ensureappropriate monitoring, incident management and change governance for a regulated environment.
Support business continuity, disaster recovery and operational resilience obligations related to the platform.
Job Specifications
Essential:
5–10+ years’ experience in Product Management(or similar roles), with significant tenure in regulated financial services.
Hands‑onproduct ownership of at least one modern core banking platforme.g.Mambu,Thought Machine oriGCBeMaCH.ai
Direct experience supporting neo‑bankcreation, bankre‑platforming, or greenfield regulated environments
Demonstrable experience working directly with financial regulatorsduring platform design,approvalor mobilisation.
Strong understanding of payments, accounts, ledgers, interest,feesand settlement concepts.
Experience delivering complex platforms across multiplejurisdictions
Desirable:
Experience withinEU‑regulatedbanking or payments institutions.
Exposure to safeguarding, prudentialreportingand operational resilience frameworks.
Experience working withcloud‑nativeplatforms (Azure preferred).
Core Skills & Competencies
Core Banking Expertise:Deep understanding of modern, API‑firstcore banking architectures.
Regulatory Mindset:Ability to design products that satisfy regulators as well as customers.
Product Leadership:Clear ownership, prioritisationand roadmap discipline.
Delivery Focus:Comfortable operating in complex, multi‑streamdelivery environments.
Stakeholder Management:Confident engaging executives, regulatorsand vendor leadership.
Analytical & Commercial Thinking:Understands cost models, scalability and long‑termplatform economics.
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
Monex Europe is part of the wider financial services group, Monex S.A.P.I. de C.V. (“Monex”), a global investment-grade financial services institution. Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.
We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.
In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.
In the UK, Monex Europe operates from the heart of London’s financial district. Monex Europe Limited is an authorised and regulated e-money institution, offering FX risk management solutions and global payment services. Monex Europe Markets Limited is an authorised investment firm, delivering sophisticated FX risk management strategies to professional clients.
By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape. Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.
