Senior Finance Business Partner, Monzo
European Union
€99-110k
+ Share 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
€99-110k
+ Share 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
- Demonstrable experience in finance business partnering and influencing decisions
- An accountancy qualification or qualified by experience
- A highly analytical and forward thinking approach
- Familiarity with large data analysis and technology
- Knowledge of retail and corporate products and pricing as well as market dynamics
- Experience with banking capital and balance sheet dynamics
- Ability to influence and build relationships at a senior level
- Customer focus
- Openness of communication
- Values-driven leadership
- Ability to be hands-on and enjoy supporting colleagues, projects or tasks big or small
What the job involves
- We are looking for a detailed & collaborative Senior Finance Business Partner (EU) Partner to help build and lead forecasting for Monzo’s European entity
- We want to bring our Monzo magic to the EU and redefine the way that people interact with money
- You will be at the forefront of ensuring we grow and scale in a safe and compliant manner, whilst delivering a delightful experience for our customers
- Being the single point of contact between the business and finance
- Taking end to end ownership of the P&L, balance sheet, cash and capital for that business area, working with all parts of the Finance Collective
- Building trusted relationships with the business leadership team
- Driving and optimise commercial performance through deep engagement in product / customer strategy, pricing, scenarios analysis and performance analytical insights
- Holding the business leadership to account for delivery of forecast performance and help them to course correct as well as anticipate future risks and opportunities
- Leading on the preparation of bottoms up forecasts, both short and long range, working closely with the FP&A team to support the planning and stress testing cycle
- Working with Treasury to inform customer behavioural analysis and with Financial Control on specific accounting judgement determination
- Being responsible for product level pricing model framework and ensuring pricing is in line with finance performance hurdles
- Understanding and explain actual performance and support FP&A to create appropriate narrative
- Contributing to the overall Monzo equity story
- Providing support in building a highly competent and motivated team of financial analysts with clear objectives for ongoing development to partner with existing and new businesses
- Leading business partnering for specific area and help represent the company’s commercial dynamics to the wider team
Application process
- The application journey has 4 key steps
- Phone call with recruiter (30mins)
- Video call with hiring manager (30 mins)
- Technical video interview with hiring manager and stakeholders (60 min)
- Behavioural interview with finance team (45 min)
- This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
- We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo 🤖 You can read them here
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
Few 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
$423.2m
LATE VC
Total funding: $1.8bn
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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