Engineering Manager, Monzo
$195-245k
+ Stock options
2 days a week in office
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
$195-245k
+ Stock options
2 days 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
- Proven Track Record: History of shipping products, getting things done, and leading teams in high-growth, product-focused organizations
- Management and Leadership Experience: 2+ years managing high-performance engineering teams, with a focus on people leadership, providing support, coaching, and development
- Technical Expertise: 5+ years building high-growth technology products using strongly-typed languages (Go, Java, C, Scala, etc.)
- Hands-on Approach: You are eager to contribute to design and code alongside your team
- Credit Product Experience: Experience building credit products, with a strong understanding of the systems and architecture required for robust and scalable solutions
- Delivery and Execution: You take accountability for delivery across your team. You collaborate with your team, Product, and Design in shaping your team’s roadmap
- Product Mindset: You care deeply about customer outcomes and want to build a product that fundamentally changes how users manage their money
- Engineering Excellence: Fostering a high bar for engineering excellence, holding teams accountable for technical outcomes and individual growth
- Balanced Decision-Making: Ability to make trade-offs between product velocity and technical debt, with the understanding that as a startup, we are “default dead.”
- Technical Influence: Partnering with senior engineers to drive initiatives that elevate engineering practices
- Stakeholder Relationships: Building strong relationships with other teams and disciplines to create a focused environment for engineers to do their best work
What the job involves
- As the Engineering Manager for the Credit team, you will play a crucial role in this mission. Your responsibilities will encompass three key areas:
- People Leadership: You will support and develop top-tier engineering talent while fostering an inclusive and productive team environment
- Product Leadership: You will shape the product strategy alongside Product and Design to ensure it meets customer needs and drives business success. We operate as an empowered product team, so you’ll need to collaborate closely across functions to drive the success of our new credit product
- Technical Leadership: You will oversee the technical and delivery outcomes of our emerging Credit business. You will build and lead an engineering team dedicated to designing, developing, and launching the new credit product and its mission-critical infrastructure
- The team will start small, with just a few engineers, requiring you to get your hands dirty and contribute directly to the codebase
- As the product and business scale, you will have the opportunity to expand and build out the team further
- This position will report to the US Head of Engineering
Application process
- Recruiter Call (30 mins) You'll meet our recruiter to discuss your experience and learn more about Monzo. They'll be your partner and guide throughout the interview process
- Initial Call (1 hour) You'll meet Nathan - our US Head of Engineering. He’ll ask you about your previous experience, in particular people leadership and your experience building technology and products
- Loop Stage (3 hours) The Loop stage consists of 3 x 60 min interviews that take place over 1-2 days (depending on your availability)
- Team and Org Management (1 hour)
- An example based interview with 1-2 engineering leaders. They’re interested to hear examples from your previous experience on the teams you’ve led, how you’ve shaped and partnered with other functions like Product and Design, and the impact you had
- System Design (1 hour)
- You'll partner with an engineer on a technical whiteboarding exercise
- Behavioural and Leadership (1 hour)
- Similar to Team and Org Management, this is an example based interview with leaders from the US team. This interview focuses on your people leadership style
- Our average process takes around 3-4 weeks but we will always work around your availability
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
Many 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
$429.6m
LATE VC
Total funding: $1.9bn
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.
Salary benchmarks
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