Monzo

Engineering Manager

Cardiff, Wales, United Kingdom

£101,000 – £140,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, FintechIndustries

Requirements

Candidates should possess a Bachelor's degree in a relevant technical field, and ideally have 5+ years of experience in engineering management, with a strong understanding of software development principles and methodologies. Demonstrated leadership skills and experience building and mentoring high-performing engineering teams are essential, along with the ability to collaborate effectively with cross-functional teams.

Responsibilities

As an Engineering Manager at Monzo, you will be accountable for the technical and delivery outcomes of your squad(s), collaborating with the Technical Lead and Product Manager to ensure successful project execution. You will actively foster a high bar for engineering excellence within your teams, supporting and developing best-in-class engineering talent, and creating an inclusive team environment. Additionally, you will take accountability for individual engineer performance and growth, and contribute to the overall strategic direction of the Platform, Core App, and Expansion teams.

Skills

Engineering Management
Team Leadership
Technical Delivery
Cross-functional Collaboration
Engineering Excellence
Stakeholder Management

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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