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

Data Science Manager - Financial Crime

🚀 We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

Hear from our UK team about what it's like working at Monzo ✨


Position Overview

  • Location: London | UK remote
  • Salary: £110,000 to £130,000 + Stock Options + Benefits
  • Team: Financial Crime Data Team

We are looking for a Data Science Manager to lead one of our key product areas for Financial Crime. As a Data Science Manager, you’ll be working in an ever-changing environment, collaborating with Product, Risk, and Engineering peers, championing the data strategy, and leading a cross-functional team. You’ll help us build and improve our financial crime detection and prevention efforts for now and for our future roadmap. We’re looking for a leader with hands-on experience and a data-driven strategic mindset who can bring fresh thinking and new ways to inspire the team and our customers.


About Us

We’re here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex and opaque. We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, tests the app, and gives us constant feedback so we can build something everyone loves. We're focused on solving problems, rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.


Responsibilities

  • Be a key leader in building a discipline of exceptional data scientists and analysts working on making Monzo world-class at detecting and fighting financial crime activity.
  • Help hire, develop, and retain talented data people.
  • Generate insights that can change the direction of our financial crime strategy.
  • Bring data leadership and rigour to our approach to product development and build a strategic understanding of the business while structuring complex projects to bring them to life.
  • Liaise with risk, product, and engineering managers to ensure we collect the right data to produce relevant business insights.
  • Work closely with Product Managers, engineers, and Financial Crime control owners in an agile product environment.
  • Champion the use of data and bring ideas to life through a rigorous analytical approach.
  • Focus on improving our efforts in financial crime detection, prevention, and mitigation, ensuring we stay ahead of emerging threats and regulatory requirements.
  • Help your team grow by hiring new team members and supporting their personal development.
  • Manage a team of Data Scientists and Data Analysts, working together with Analytics Engineers to drive product innovation.
  • See the impact of your work in the product changes we make.

We have a strong culture of data-driven decision-making across the whole company. We're great believers in powerful, real-time analytics and the empowerment of the wider business. 90% of day-to-day data-driven decisions are covered by self-serve analytics through Looker, which gives data folk the headspace to focus on more impactful business questions and analyses.


Requirements

  • You must have at least 4 years of experience as a Data Science Manager.
  • At least 2 of those years must be... (Note: The original text cuts off here)

Application Instructions

You should apply if:

  • What we’re doing here at Monzo excites you!

Company Information

Monzo is a UK-based digital bank committed to making money work for everyone. We offer a range of banking services, including personal and business accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards. Our customers can also save, invest, and combine their pensions with us. We pride ourselves on our innovative approach, award-winning customer service, and a strong community-driven development process.

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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