Monzo

Senior Data Scientist

Cardiff, Wales, United Kingdom

£80,000 – £90,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

Candidates should possess a Bachelor’s degree in a relevant field, along with a Master’s degree preferred, and have at least 5 years of experience as a Data Scientist. Strong analytical and quantitative skills are required, as well as experience with statistical modeling, machine learning, and data mining techniques. Familiarity with Python or R is also necessary.

Responsibilities

As a Senior Product Data Scientist at Monzo, you will be responsible for helping build the bank of the future by supercharging user engagement in 2025 and contributing to the development of a customer-loved bank. You will work in cross-functional squads alongside engineers, designers, and product managers to enable Monzo to make better decisions, faster, utilizing self-serve analytics through Looker and focusing on more impactful business questions and analyses. You will apply quantitative analysis, data mining, and presentation skills to solve complex problems and contribute to the overall success of the company.

Skills

Quantitative analysis
Data mining
Data presentation
Looker
Cross-functional collaboration
Analytics

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.

Key Metrics

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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