Finance Business Partner, Monzo
£75-85k
+ Share options
1+ day a week in office
Digital-only bank platform and marketplace
Job no longer available
Digital-only bank platform and marketplace
1001+ employees
Job no longer available
£75-85k
+ Share options
1+ day a week in office
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- Have demonstrable experience in finance business partnering, particularly working with a People team or other cost discipline
- Are qualified through a relevant professional qualification or equivalent experience
- Hold strong financial modelling (advanced Excel/Google Sheets) experience
- Have great analytical & problem solving skills, with the ability to identify trends, issues and recommend actions
- Hold good interpersonal & influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
- Have the ability to confidently present data in a meaningful and effective way; understanding the needs of the end users and tailoring presentations to their requirements
- Have experience building strong, trusted relationships with stakeholders at all levels
- Have experience building business cases, presenting and debating investment choices
- Demonstrate ability to be hands-on and enjoy supporting colleagues, projects or tasks both big or small
- Have strong attention to detail and organisational skills, able to support with developing new processes and streamlining existing processes to create efficiencies
What the job involves
- Our Finance team is growing and we are looking for a detailed & collaborative Finance Business Partner (12 month fixed term contract) to join our team
- You will work as part of a team that manages the P&L and Balance Sheet and helps the business make strategic financial decisions
- In this role, you will partner with our People Collective to help support Monzo’s growth aspirations whilst delivering on our P&L commitments
- The right candidate will enjoy supporting the business with new initiatives, love to build business cases, present & debate investment choices and is comfortable with both digging into data and thinking about the big picture
- Taking overall responsibility for the forecasting and analysis for our People collective, including taking full ownership of annual budget, interim forecasts and multi year plan for this business area
- Preparing management information, insights & reporting to senior leadership team, highlighting emerging issues & potential future challenges
- Assisting with the development of various strategic & tactical initiatives
- Working independently and take the initiative to develop relationships and work across the business to help them understand financial perspectives
- Making sure financials are managed in line with business plans for both short and long term
Application process
- Phone call with recruiter (30mins)
- Video call with hiring manager (30 mins)
- Video interview with FP&A team (60 min)
- Our average process takes around 3-4 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 business-hiring@monzo.com
Salary benchmarks
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million customer active users. The company faces competition as more traditional banks, such as Goldman Sachs and JP Morgan, have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
42% female employees
19% employee growth in 12 months
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$418.4m
LATE VC
Total funding: $1.8bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company values
- Be hard on problems, not people 🙌 We create supportive communities to help people thrive.
- Make a difference 🚀 We solve real problems, working on things that have the biggest impact for our customers and each other.
- Help everyone belong 🤗 We’re building a bank for everyone. We embrace differences and make sure everyone feels welcome.
- Think customer first; grow Monzo safely 🥕 We always do what's best for customers. It's the right thing to do and the safest way to grow.
- Default to transparency 🎤 We’re open with each other and customers unless we have good reason not to be.
- Think big, start small, own it 🌲 We’re ambitious and shoot for the moon, working iteratively to get the best results.
Company HQ
City of London, London, UK
Articles
Leadership
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
People progressing
Joined in the Customer Operations team. Moved to be a Financial Crime Analyst after 5 months. Then moved again to be a Business Analyst after 2.5 years. Currently working as a Senior Product Manager.
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