Lead Product Manager at Monzo

London, England, United Kingdom

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£95,000 – £140,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, BankingIndustries

Requirements

You’ve shipped world-class products at a fast growing company
You have a track record of leading

Responsibilities

Create a product strategy for your area, balancing work to create long-term growth and engagement, and work to hit short-term targets
Collaborate with engineering, design, data, user research and marketing to identify and validate new opportunities
Lead the planning process and associated roadmap prioritisation ensuring alignment within the team and with wider business goals and objectives
Create delightful experiences that solve user needs and pain points
Work with cross-functional partners (engineering, design, data, user research and marketing) to ensure projects are delivered on time and as planned, as well as with legal, compliance and regulatory affairs where relevant
Communicate effectively. You get people inspired by the product vision and you share the right context with the right people at the right time
Mentor another PM in your area, supporting on their product strategy goals and delivery
Own the strategy for your area
Lead one product squad yourself (currently focused on Under 16s)

Skills

Key technologies and capabilities for this role

Product ManagementCore BankingCustomer Value PropositionsCross-functional Team LeadershipGoal SettingAutonomous Decision MakingFinancial ProductsBanking App Development

Questions & Answers

Common questions about this position

What is the salary range for the Lead Product Manager role?

The salary range is £95,000-£140,000 plus stock options and benefits.

Is this role remote or office-based?

The role offers London or remote work in the UK.

What are the key responsibilities for this position?

You'll create a product strategy for your area, lead one product squad focused on Under 16s, and mentor another PM with their squad, while owning strategy for Core Banking to drive customer growth and engagement.

What is the team structure like for this role?

You'll lead a multi-disciplinary team and one product squad (focused on Under 16s), while mentoring another PM with their own squad, within the Core Banking collective responsible for 13 million customers.

What makes a strong candidate for this Lead Product Manager role?

Strong candidates will have experience leading product strategy, managing squads with autonomy, and mentoring other PMs, with a focus on customer needs in core banking areas like accounts for different audiences.

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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