Monzo

Data Science Manager, Financial Crime

Cardiff, Wales, United Kingdom

£110,000 – £130,000Compensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, BankingIndustries

Requirements

The candidate must have at least 4 years of experience as a Data Science Manager, with a minimum of 2 years in that role. Experience in financial crime detection, prevention, and mitigation is essential. Strong leadership skills and a data-driven strategic approach are required, along with the ability to collaborate with product, risk, and engineering teams.

Responsibilities

The Data Science Manager will lead a team of data scientists and analysts focused on financial crime. Responsibilities include championing the data strategy, developing and improving financial crime detection and prevention methods, and collaborating with cross-functional teams. The role involves hiring and developing talent, generating insights to shape financial crime strategy, and ensuring the collection of relevant data for business insights.

Skills

Data Science
Leadership
Financial Crime
Risk Management
Product Development
Data Strategy
Cross-functional Team Leadership

Monzo

Digital-only banking platform for consumers

About Monzo

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

London, United KingdomHeadquarters
2015Year Founded
$1,856.7MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Competitive salary
Flexible working hours
Work from home
Stock options
32 days of paid vacation and public holidays per year
Health insurance
EAP
Learning budget
Home office stipend
Paid parental leave

Risks

Monzo breached UK banking regulations, risking reputational damage and fines.
Expansion into Europe poses regulatory challenges and potential licensing delays.
Reliance on digital platforms makes Monzo vulnerable to technological disruptions.

Differentiation

Monzo offers real-time spending updates and categorized transactions via a mobile app.
The 'Pots' feature allows users to set aside money for specific purposes.
Monzo Plus provides premium features like custom card designs and travel insurance.

Upsides

Monzo secured $400M in 2024, valuing the bank at $5 billion.
The partnership with SignLive enhances accessibility for Deaf customers.
Expansion into Europe in 2025 could significantly increase Monzo's customer base.

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