Senior Finance Business Partner, Payments at Monzo

London, England, United Kingdom

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£84,200 – £99,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, PaymentsIndustries

Requirements

Demonstrable experience in financial business partnering with senior business leaders - driving commercial, revenue generating projects, evaluating business cases and influencing decisions
Comfortable navigating highly complex fields of financial services, with the ability to break down problems into manageable chunks and working through them
Strong financial modelling (advanced Excel/Google Sheets) experience, preferably comfortable pulling own data using SQL/Python
Great analytical & problem solving skills, with the ability to identify trends, issues and recommend actions
Good interpersonal & influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
Ability to confidently present data in a meaningful way

Responsibilities

Being the single point of contact between Finance and the Payments collective - working with the Head of Payments and his leadership team, driving commercial projects, analysing performance of existing products and participating in day-to-day support of the business
Diving deep into the data - looking for trends, opportunities and stories to improve profitability and growth, including deepening engagement in products, improving customer strategy or pricing through scenario analysis and analytical insights
Analysing and scoping new markets and new products - designing commercials for business cases and negotiating with partners
Presenting ideas and working across stakeholders including engineering, legal, risk management, product, strategy or marketing
Designing and building new processes for effective decision making as Monzo scales up
Being a strong finance professional plugged into day-to-day finance activities - including forecasting, results analysis or working through product change proposals
Supporting the build of a highly competent and motivated team of financial analysts with clear objectives for ongoing development to partner with existing and new businesses

Skills

Financial Planning

P&L Management

Balance Sheet Management

Business Partnering

Commercial Analysis

Performance Analysis

Business Case Development

Strategic Decision Making

Financial Controls

Data Analysis

Investment Analysis

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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