Director of Engineering, Monzo

Customer Operations

Salary not provided

+ Stock options

Senior and Expert level
Remote in UK
London

More information about location

Monzo

Digital-only bank platform and marketplace

Open for applications

Monzo

Digital-only bank platform and marketplace

1001+ employees

FintechB2CB2BBankingMarketplacePersonal financeFinancial ServicesMobile

Open for applications

Salary not provided

+ Stock options

Senior and Expert level
Remote in UK
London

More information about location

1001+ employees

FintechB2CB2BBankingMarketplacePersonal financeFinancial ServicesMobile

Company mission

To build a new kind of bank that makes money work for everyone.

Role

Who you are

  • You have experience leading an organisation of at least 50 individuals (including experience managing Engineering Leaders)
  • You’re able to quickly build trust with, empower, and structure your teams to be high performing
  • You are comfortable operating at a high level with your partners in Data, Product, Design, but equally comfortable going deep into the technical systems, design and infrastructure with your engineers
  • You work effectively with a diverse range of people, functions, and working styles to get stuff done, and are able to thoughtfully and constructively challenge and influence the people you work with
  • You are passionate about deeply understanding your business and products
  • You organise and evaluate the success of your team’s work by identifying key metrics and their drivers
  • You make good decisions in complex situations where there’s often no “right answer”
  • You are someone who regularly pushes senior leaders to get to better solutions by challenging our thinking, based on data
  • You are comfortable personally diving deep into data
  • You have a strong “bias to action”

Desirable

  • Have worked on problems that have been solved with various forms of Machine Learning or AI
  • Strong applied algorithms and data structures experience, having previously built products/systems or managed teams where this was necessary

What the job involves

  • As a Director of Engineering for Operations, you’ll lead an organisation of ~50, which will continue to grow over the next 18 months
  • You’ll be leading the pillar of Monzo which directly supports our customers to get help and support at the times they need it most
  • You’ll be leading teams that are building across the full stack, from ML and AI-powered decision making, agentic-models to automate workflows, through to prediction, forecasting and demand management infrastructure
  • Your group also owns the tools and UIs used by customers to get help and our human agents to give that help

Application process

  • Our interview process involves 4 main stages:
  • Recruiter Call (30 mins) You'll meet our Engineering Hiring Lead to discuss your experience and learn more about Monzo. They'll be your partner and guide throughout the interview process
  • Initial Call (1 hour) You'll meet with one of our VPs of Engineering. They'll ask you about your previous experience, in particular people leadership, product and technical leadership. They’ll also make time to tell you about Monzo and answer your questions
  • Loop Stage (4 hours) The Loop stage is one stage that consists of 4 x 60 min interviews that take place over 1-2 days (depending on your availability)
  • At all stages we’ll create space for you to ask as many questions as you have, you’re interviewing us as well!
  • Our average process takes around 4-5 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

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Insights

Top investors

42% female employees

19% employee growth in 12 months

Company

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

Funding (last 2 of 18 rounds)

May 2024

$190m

LATE VC

Mar 2024

$447.5m

LATE VC

Total funding: $1.9bn

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.

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Kirsty

Company Specialist at Welcome to the Jungle