Senior Finance Business Partner, Monzo
€88-107k
+ Share options
2-3 days a week in office
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
€88-107k
+ Share options
2-3 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
- The right candidate will enjoy supporting and challenging the business across new initiatives, love to build business cases, present and debate investment choices and be comfortable with both digging into data to deliver insights and thinking about broader strategic choices
- Have demonstrable experience in financial business partnering
- Are qualified with a relevant professional qualification
- 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
- Understand and have experience in balance sheet management, capital, funding and liquidity requirements for planning and reporting
- 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 work on your own initiative, be inquisitive to how things work and continuously look to improve processes, data and insights. 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
- Can demonstrably use data analysis and be experienced using forecasting tools
What the job involves
- Our Finance team is growing and we are looking for a Senior Finance Business Partner to join the European finance team covering our Personal and Business Banking commercial businesses
- You will work in a team that manages the P&L and Balance Sheet to deliver the financial plan, helps the business to make strategic financial decisions, challenges to improve performance, and owns the end-to-end financials and financial controls for your business area
- The role covers all aspects of financial performance and planning
- Being the single point of contact between the business and finance
- Taking end to end ownership of the P&L, balance sheet, funding and capital for that business area, working with all parts of the Finance Collective to be the single face of Finance to the business
- Building trusted relationships with the business leadership team
- Driving and optimising commercial performance through deep engagement in product / customer strategy, pricing, scenario analysis and performance analytical insights
- Holding the business leadership to account for delivery of forecast performance and helping them to course correct as well as anticipate future risks and opportunities
- Leading on the preparation of bottom-up forecasts, both short and long range, supporting the planning and stress testing cycle
- Working with Treasury to inform customer behavioural analysis and with Financial Control on specific accounting judgement determination
- Being responsible for product level pricing model framework and ensuring pricing is in line with finance performance hurdles
- Understanding and explaining actual performance analysing variances to plan and creating an appropriate narrative
- Understanding and supporting the development of the IFRS9 modelling for Europe lending, working closely with UK colleagues to ensure alignment
- Contributing to the overall Monzo equity story
- Supporting the build of highly competent and motivated team of financial analysts with clear objectives for ongoing development to partner with existing and new businesses
- Leading business partnering for specific area and help represent the company’s commercial dynamics to the wider team
Application process
- Video Call with Recruiter (30 minutes)
- Video Call with Hiring Manager (30 minutes)
- A round of Technical and Behavioural Interviews (60 minutes and 45 minutes)
- A final Leadership Principles call (30 mins)
- This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
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 active users. The company faces competition from more traditional banks, such as Goldman Sachs and JP Morgan, which 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
$454m
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
TS Anil
(CEO)Also a Board Member at Accion. Previously Board Member at UK Finance, Global Head of Payments, Products & Platforms at Visa and was the Global Head of Retail Products at Standard Chartered Bank.
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