Senior Finance and Strategy Manager, Monzo
$140-168k
+ Equity
Digital-only bank platform and marketplace
Open for applications
Digital-only bank platform and marketplace
1001+ employees
Open for applications
$140-168k
+ Equity
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- Have experience working as a Finance Manager in a startup, a smaller fast-growing business unit within a larger company, or building a local hub for an overseas company. FinTech experience is a bonus!
- Banking / Finance experience, an accountancy qualification is a nice to have
- Great analytical & problem solving skills; the ability to identify trends, issues and recommend actions by presenting data in a meaningful way
- Strong financial modelling experience and be an advanced user of Excel or Google sheets. A big plus if you're competent at SQL/Looker too
- Experience building strong, trusted relationships with stakeholders at all levels using strong interpersonal & influencing skills to engage across various internal functions to develop, get buy-in and deliver outcomes
- Strong attention to detail and organisational skills, able to support with developing new processes and streamlining existing processes to create efficiencies
What the job involves
- We’re looking for an experienced Finance & Strategy Manager to join our growing US team
- This key role will help us grow the business, working closely with the US CEO to build and drive our Strategy with commercial outcomes in mind
- The Finance & Strategy Manager will report to the US CEO, and collaborate daily with senior leadership in both the US and in the UK
- Aking overall responsibility for the financials of the US business including P&L and cash management
- Supporting with strategic investment decisions and commercial negotiations
- Preparing management information, insights & reporting to US CEO, highlighting emerging issues & potential future challenges
- Supporting the US CEO with ad-hoc strategy projects such as M&A, peer benchmarking, researching potential product opportunities
- Working independently and taking the initiative to develop relationships and work across the business to help drive understanding of US financials
- Making sure financials are managed in line with business plans for both short and long term
- Taking full ownership of annual budget, forecasts and multi year plan including modelling using business drivers
- Working alongside the UK team to ensure accurate financials are recorded at each month end including the accounting for new products or contracts
- Managing capital calculations and return on equity
Application process
- Recruiter Call (30mins)
- Interview Loop: 3 x Interviews (currently being conducted via Google Meet) with members of our US and UK teams. We promise not to ask you any brain teasers or trick questions
- We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out
- 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 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
Many candidates hear
back within 2 weeks
42% female employees
19% employee growth in 12 months
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$429.6m
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 values
- Be hard on problems, not people 🙌 We create supportive communities to help people thrive.
- Make a difference 🚀 We solve real problems, working on things that have the biggest impact for our customers and each other.
- Help everyone belong 🤗 We’re building a bank for everyone. We embrace differences and make sure everyone feels welcome.
- Think customer first; grow Monzo safely 🥕 We always do what's best for customers. It's the right thing to do and the safest way to grow.
- Default to transparency 🎤 We’re open with each other and customers unless we have good reason not to be.
- Think big, start small, own it 🌲 We’re ambitious and shoot for the moon, working iteratively to get the best results.
Company HQ
City of London, London, UK
Articles
Leadership
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
People progressing
Joined in the Customer Operations team. Moved to be a Financial Crime Analyst after 5 months. Then moved again to be a Business Analyst after 2.5 years. Currently working as a Senior Product Manager.
Salary benchmarks
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