Director of Finance at Monzo

Ireland

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Strategic financial leadership experience
Experience with financial planning and analysis (FP&A)
Experience managing outsourced financial functions
Knowledge of financial regulations and compliance
Ability to provide strategic insights and guidance to executive teams
Understanding of market trends and emerging technologies
Familiarity with Central Bank of Ireland regulations (CF-1)

Responsibilities

Shape financial strategies to fuel business growth and operational efficiency across EU operations
Stay abreast of market trends, regulatory shifts, and emerging technologies
Serve as a trusted advisor to the CFO and the Executive team
Collaborate with business units, providing financial insights and analytics
Support business initiatives through financial analysis and risk assessment
Cultivate strong relationships with senior stakeholders
Lead the budgeting and forecasting processes for Monzo EU
Provide detailed financial analysis and modelling to support strategic initiatives
Identify and analyze key financial metrics to assess performance
Oversee and manage the relationship with the outsourced provider for financial accounting, statutory financial statements, reconciliations, and tax obligations
Develop and enforce SLAs and performance metrics for outsourced providers
Review and approve all financial reports and statements prepared by the outsource provider
Manage both internal and external audit processes

Skills

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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