Tax Director, Monzo
12 Month Fixed Term Contract
£148-170.2k
+ Stock options
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
£148-170.2k
+ Stock options
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You’re a qualified accountant and/or qualified tax advisor
- You have experience working across a range of UK taxes, including International Tax (US and/or EU specific tax experience is a bonus, but not a requirement!)
- You have significant experience working in-house (within Financial Services is a bonus)
- You enjoy developing and motivating a team
- You’re comfortable working pretty autonomously
- You’re energetic and hands-on with your work, tackling whatever needs doing to make things happen
- What we’re doing at Monzo excites you!
What the job involves
- We're looking for an experienced, hands-on and enthusiastic Group Head of Tax on a 12 month fixed term contract to support the Tax team at Monzo, and our wider finance team
- You’ll be leading our growing Tax team of 8+ individuals, and will be reporting into Monzo Bank Limited’s CFO
- A large part of the role will involve advising on the tax implications of all new business developments, ensuring we’re both set up for compliance and optimised wherever possible and appropriate
- Given the stage Monzo is currently at in its growth journey, these will be many and wide ranging, from customer products to treasury strategies, group reorgs to mobility proposals, systems implementations to international expansion
- Being responsible for all things Tax: including Corporation Tax, VAT, Employment Tax, International Tax, Transfer Pricing, and Operational Taxes, across compliance, reporting and advisory, both in the UK and overseas
- Coaching and developing the tax team, setting priorities and strategic direction, and stakeholder management
- Being part of our Finance Leadership Team, feeding into and supporting the wider Finance team goals and objectives
- Taking responsibility for identifying and acting on all relevant legislative changes
Application process
- Phone call with recruiter (30mins)
- Initial video call with hiring manager (30 mins)
- Technical video call and situational task with Tax team (60 mins)
- Behavioural interview with finance leadership team (45 mins)
- 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
- We’ll only close this role once we have enough applications for the next stage
- Please submit your application as soon as possible to make sure you don’t miss out
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
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$452.6m
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 HQ
City of London, London, UK
Leadership
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
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