Monzo

Lead QA Analyst

United Kingdom

£50,200 – £63,475Compensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, BankingIndustries

Lead QA Analyst

Salary: £50,200 - £63,475 + Benefits Employment Type: Fixed Term Contract - 12 Months Location Type: UK Remote


Position Overview

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 ❤️


Responsibilities

As a Lead QA Analyst, you will be responsible for improving the quality of our service and enhancing the customer experience. You will have the opportunity to have a real impact on crucial problems that affect customers and Monzo. You will be working with internal senior stakeholders closely to ensure that effective assurance information is extracted and analysed from Monzo databases.

  • Leading the required monthly governance meetings where relevant metrics will be reviewed and plans created in partnership with stakeholders.
  • Developing and maintaining oversight of QA forms, processes and systems, so that they are scalable, whilst remaining customer-centric and compliant.
  • Building MI to assist in the review of QA assessment team results, to determine what errors are occurring and propose actions to prevent recurrence.
  • Driving improvements of processes, procedures and knowledge management.
  • Being flexible with responsibilities and having a positive attitude towards any changes to the role, company/departmental objectives, priorities and targets.
  • Managing a team of Analysts to help coach, support and guide them with their own professional and personal goals.

Your day-to-day:

  • Supporting the QA Lead to deliver consistent, compliant and outcome-focused QA reviews, and provide assurance against Key Risk Indicators across Monzo.
  • Being a role model, supporting your peers and your team to drive improvements.
  • Leading medium to large scale projects to improve the QA function and assurance across Customer Operations.

Requirements

We’d love to hear from you if you have:

  • Experience within a regulated sector either in a risk and/or QA related role.
  • Good people management/People Development experience.
  • Comfort in developing data capture forms and datasets; data knowledge and experience is desired.
  • Experience of analysing data to identify issues and drive improvements at a strategic level.
  • Tenacity to solve problems, applying a logical approach to issues.
  • Strong attention to detail and analytical skills.
  • Ability to provide constructive feedback to enable personal growth and development.
  • A strong risk and control mindset and understanding, including managing and escalating as appropriate.

What’s in it for you

  • 💰 Salary: £50,200 - £63,475 + share options
  • ⏰ Flexible Working: We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.
  • 📚 Learning Budget: £1,000 learning budget each year to use on books, training courses and conferences.
  • 🏡 Work From Home Setup: We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.
  • ➕ Plus lots more! Read our full list of benefits.

Application Journey

Our interview process involves the following:

  1. Application stage
  2. 20 minute...

Skills

QA analysis
Quality assurance
Customer experience
Data analysis
Database analysis
Governance
Process improvement
Metrics review
MI development
Knowledge 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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