Data Scientist Lead
M&T Bank- Full Time
- Expert & Leadership (9+ years)
Description: Monzo is on a mission to make money work for everyone, moving away from the complicated and confusing ways of traditional banking. Starting as a prepaid card, Monzo's product offering has significantly grown over the last 10 years in the UK. They offer personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards in the UK, with more offerings planned. UK customers can also save, invest, and combine their pensions with Monzo. Known for their hot coral cards, get-paid-early feature, financial education on social media, and award-winning customer service, Monzo aims to create magical moments for its customers by solving problems and changing lives.
Monzo is seeking a Lead Data Scientist to help build the bank of the future and enhance user engagement in 2025. The goal is to build a bank that customers truly love, characterized by fairness, transparency, and ease of use. Monzo's product is highly regarded, with over 80% of its growth stemming from word-of-mouth and referrals. The company empowers its teams to Make Better Decisions, Faster, fostering a strong culture of data-driven decision-making. Real-time analytics and business empowerment are key. All data is centralized and easily accessible, with 90% of day-to-day data-driven decisions supported by self-serve analytics through Looker. This setup allows data scientists to concentrate on more impactful business questions and analyses.
Digital-only banking platform for consumers
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.