Lead Product Manager, Monzo
Search & Recommendations
£115-140k
Plus stock options
More information about location
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
£115-140k
Plus stock options
More information about location
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You are a seasoned product manager, and have led high-performing teams to ship world-class products at a fast growing company
- You have a track record of leading consumer personalisation and discovery efforts (search or recommendation systems) that drive significant value for customers and the business
- You're data-driven and commercial, and have a track record of collaborating with machine learning experts or data scientists to define key metrics, run experiments, and deliver business impact
- You can systematically break down and solve complex problems
- You have good judgement, and have a track record of making good decisions in complex situations where there’s often no “right answer”
- 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 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 a great storyteller, who is 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, and are excited about our mission at Monzo
- You’re intellectually honest about your work's performance, continually striving for improvement
- You’re a fast learner, humble and curious, and enjoy learning every day and sharing your knowledge and experience
- You’ve mentored other PMs, have the ability to coach others, and can provide clear and constructive feedback to your team and other disciplines
What the job involves
- As a Lead Product Manager for Search & Recommendations, you’ll lead one or more cross-functional teams to define and deliver a strategy that helps customers make the most of Monzo
- You’ll help build the platform, capabilities and app structure needed to optimise a customer’s in-app experience and engagement
- Lead the charge: build a product vision and strategy for your area, ensuring alignment with Monzo’s goals and an exceptional customer experience
- Communicate effectively: you get people inspired by the product vision and you share the right context with the right people at the right time
- Collaborate seamlessly: partner with engineering, design, data, research, marketing and other teams across Monzo to create a strategy and deliver
- Deliver impact: define, deliver and measure the impact of the customer-focused personalisation and discovery experiences you create
Application process
- Our interview process involves 4 main stages:
- Recruiter Call
- Initial Call with Hiring Manager
- Final Loop, consisting of x3 hour long interviews to assess Project Walkthrough, Case Study and Leadership
- A final stage with a VP or CPO within the Product team
- Our average process takes around 5-6 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 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
$447.5m
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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