Lead Product Manager, Monzo
Business Banking Growth
£115-145k
Plus Stock Options
More information about location
1-2 days 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
£115-145k
Plus Stock Options
More information about location
1-2 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
- You have a track record of leading product growth
- You're data-driven, and enthusiastic about metrics. You have a proven track record of making an impact through experimentation and optimization
- You can work effectively with a diverse range of people and working styles - spanning engineering, design, data, user research, marketing, legal and compliance - to get stuff done
- You’re able to motivate, energise and inspire people towards a common goal
- You’re passionate about building value for customers and not just achieving business results
- You’re intellectually honest about your work's performance, continually striving for improvement
- You can systematically break down and solve complex problems
- You have the urge and resilience to challenge the status quo and make things better, and are full of creative ideas for how to do so
- You’re passionate about learning every day and sharing your knowledge and experience
- You’re excited by what we’re doing at Monzo, especially business banking
What the job involves
- As the product lead for growth in business banking, you will play a crucial role in defining and executing on strategies that drive customer acquisition, engagement, and retention
- Collaborate with engineering, design, data, user research and marketing to identify new growth opportunities, launch experiments and iterate
- Create delightful experiences that solve user needs and pain points
- Communicate effectively. You get people inspired by the product vision and you share the right context with the right people at the right time
- Lead the planning process and associated roadmap prioritisation ensuring alignment within the team and with wider business goals and objectives
- Work with cross-functional partners (engineering, design, data, user research and marketing) to ensure projects are delivered on time and as planned
- Set clear goals and track progress against targets
Application process
- Recruiter call
- Initial call with hiring manager
- Experience Loop consisting of x3 interviews. This includes a Case Study, Project Walkthrough and a Values interview
- Final chat with a senior leader at Monzo
- Our average process takes around 3-5 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 tech-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 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
$448.8m
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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