[Remote] Senior Engineering Manager at Monzo

Cardiff, Wales, United Kingdom

Monzo Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

Technical and delivery expertiseSoftware engineeringTeam leadershipManagementCross-functional collaborationSupporting and developing engineering talentOrganizational structuring

Questions & Answers

Common questions about this position

Is this position remote?

Yes, this is a remote position.

What is the salary for this Senior Engineering Manager role?

This information is not specified in the job description.

What skills and experience are required for this role?

Candidates need a strong technical and delivery background, previous experience as a software engineer, ability to lead and manage multiple teams, and experience working as a manager.

What is the team structure like for this position?

The role involves leading across multiple teams of approximately 20-30 people, with direct reports including Tech Leads, Senior Engineers, and 2-3 Engineering Managers. Teams are cross-functional and autonomous, organized into groups and collectives to maintain a shallow line management structure.

What are Monzo's company values and culture like?

Monzo's mission is to make money work for everyone, with values focused on solving problems, changing lives, and creating magical moments for customers. The culture emphasizes creating an inclusive team environment and supporting best-in-class engineering talent.

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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