Senior Finance Business Partner, Monzo
Payments
£84.2-99k
+ Share options
1-5 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
£84.2-99k
+ Share options
1-5 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
- Have demonstrable experience in financial business partnering with senior business leaders- driving commercial, revenue generating projects, evaluating business cases and influencing decisions
- Are comfortable navigating highly complex fields of financial services, with the ability to break down problems into manageable chunks and working through them
- Hold strong financial modelling (advanced Excel/Google Sheets) experience, preferably you are also comfortable pulling your own data using SQL/Python
- 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
- Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!
What the job involves
- Our Finance team is growing and we are looking for a Senior Finance Business Partner to join the Commercial finance team covering our Payments
- 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
- 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
- Being the single point of contact between Finance and the Payments collective - you will have an opportunity to work with the Head of Payments and his leadership team, driving commercial projects, analysing performance of existing products and participating in day to day support of the business
- Diving deep into the data - looking for trends, opportunities and stories that can be used in improving our profitability and growth. You will be thinking how to deepen engagement in products, improve our customer strategy or pricing, through scenario analysis and analytical insights
- Analysing and scoping new markets and new products - designing commercials for business cases and negotiating with partners
- Presenting your ideas and working across a number of stakeholders including engineering, legal, risk management, product, strategy or marketing
- Designing and building new processes for effective decision making as Monzo continues to scale up
- Being a strong finance professional, plugged into our day to day finance activities - including forecasting, results analysis or working through product changes proposals
- Supporting the build of a highly competent and motivated team of financial analysts with clear objectives for ongoing development to partner with existing and new businesses
Application process
- Phone call with recruiter (30mins)
- Video call with finance team member (30 mins)
- Video call with hiring manager (45 min)
- Video call with stakeholder (30 mins)
- Final interview with CEO (30 min)
- Our average process takes around 3-4 weeks but we will always work around your availability
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 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
$444.9m
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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