Monzo

Senior Staff Backend Engineer, Growth

Cardiff, Wales, United Kingdom

£140,000 – £165,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, FintechIndustries

Position Overview

  • Location Type: London / UK Remote
  • Job Type: Full-time
  • Salary: £140,000 - £165,000 + Share Options
  • Company: Monzo

Description: Monzo is on a mission to make money work for everyone, moving away from the complexities of traditional banking. Starting as a prepaid card provider, Monzo has significantly expanded its product offerings over the last 10 years in the UK. Services now include personal and business accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards, with further innovations planned. UK customers can also access savings, investments, and pension consolidation services. Known for its distinctive hot coral cards, early access to pay, financial education on social media, and award-winning customer service, Monzo consistently strives to create positive customer experiences. The company prioritizes solving problems and improving lives through its services over simply selling products.

About Growth at Monzo

The Growth team at Monzo is dedicated to driving a critical company metric: new user acquisition. This team comprises small, autonomous, cross-functional squads that collaborate across various disciplines to formulate and test hypotheses. The goal is to deliver customer value rapidly by focusing on experimentation and data-driven decision-making, enabling quick validation or invalidation of hypotheses to identify and amplify impactful changes.

Responsibilities

  • Provide technical leadership across multiple squads and approximately 20 engineers, partnering with a Senior Engineering Manager.
  • Collaborate with product, data, and operational leaders to identify and execute opportunities that align with organizational goals and strategy, applying appropriate clarity, urgency, and rigor.
  • Balance high-level planning and strategy with organizational leadership and hands-on problem-solving as required.
  • Lead architectural discussions for complex systems within the collective, leveraging expert knowledge and experience to develop robust and contextually optimal solutions.
  • Uphold a high standard of technical excellence within the collective through personal contributions and by recognizing the work of others.

Requirements

  • Strong product experience.
  • (Details missing - assumed strong backend engineering skills)

Application Instructions

  • (Details missing - application process not provided)

Company Information

  • Company: Monzo
  • Mission: To make money work for everyone and disrupt traditional banking.
  • Values: Solving problems and changing lives.

Skills

Backend Development
Technical Leadership
Cross-functional Collaboration
Data-Driven Decision Making
Experimentation
Product Strategy
Team 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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