Data Lead, Monzo
$180-220k
+ Stock Options
We can sponsor visas
Digital-only bank platform and marketplace
Job no longer available
Digital-only bank platform and marketplace
1001+ employees
Job no longer available
$180-220k
+ Stock Options
We can sponsor visas
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You enjoy working with cross functional fast moving teams
- You are able to think strategically about commercial products and how decisions using data can unlock more value for our customers
- You are excited about data enablement across a growing organisation
- You are excited by experimentation and utilising new data techniques to solve challenging problems
- You want to understand the nuances of our data and are excited about laying the key foundational knowledge for our new products and features
- You are opinionated about how to think about measuring success and are willing to challenge the status quo
What the job involves
- We’re just getting started in the US. We’re a full stack team operating like an early stage startup but with the financial, operational, and engineering platform muscle of a larger company.
- We’re focused on building an amazing US product, shipping and iterating quickly, and deepening our product market fit. We’re looking for highly driven, enterprising people to help us achieve our mission to make money work for everyone
- Leading the data strategy and continue to evolve Monzo US for our customers to make it magically simple to manage money day-to-day
- Identifying opportunities across the business to improve metrics
- Reporting: We want the data team to own reporting across Monzo US, acting as the source of truth on all things metrics
- Enablement: enabling the ease of understanding and consumption of data across the organization. This includes both maintaining and organizing dashboards to ensure accuracy, and enabling the organization to build with the right set of information (ex. A/B testing, launch dashboards)
- Ensuring that the wider business knows where to find the right information, and can trust its accuracy
Application process
- Recruiter Call
- Initial Call
- Technical assessment
- Final Interviews
- Business Fit/Collaboration
- Case Study
- Technical Interview
- Our average process takes around 2-3 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
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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