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

Position Overview

  • Location Type: London | UK remote
  • Job Type: Full-time
  • Salary: £80,000 to £90,000 + Stock Options + Benefits

Monzo is on a mission to make money work for everyone. We’re disrupting traditional banking with innovative products and a customer-centric approach. We offer personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, credit cards, and savings/investment options in the UK. We’re known for our coral cards, get-paid-early feature, and award-winning customer service. Our UK customer base has grown to over 11 million. We prioritize data-driven decision making and empower our teams with easy-to-use analytics.

About our Data Science Team:

We're looking for a Senior Product Data Scientist to help build the bank of the future. You'll be instrumental in supercharging user engagement in 2025 and building a bank that customers truly love.

Responsibilities

  • Apply expertise in quantitative analysis, data mining, and presentation of findings.
  • Work in cross-functional squads alongside engineers, designers, product managers, and marketers.
  • Contribute across various squads, including Borrowing, Growth, Payments, Fincrime, Wealth, or Core.
  • Focus on more impactful business questions and analyses, leveraging self-serve analytics through Looker.

Requirements

  • (Details are missing from the provided text)

Application Instructions

  • (Details are missing from the provided text)

Company Information

  • Company: Monzo
  • Mission: To make money work for everyone.
  • Values: Fair, transparent, and a delight to use.
  • Growth: Rapid growth with over 11 million UK customers, primarily driven by word-of-mouth referrals.

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.

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.

Land your dream remote job 3x faster with AI