Monzo

Senior User Research Manager

Cardiff, Wales, United Kingdom

£90,000 – £140,000Compensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, FintechIndustries

Job Description: User Research Lead

🚀 About Us:

We’re on a mission to make money work for everyone, waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown significantly in the last 10 years in the UK. We offer personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards. Our UK customers can also save, invest, and combine their pensions with us.

With our hot coral cards, get-paid-early feature, financial education on social media, and award-winning customer service, we have a long history of creating magical moments for our customers! We're not about selling products; we want to solve problems and change lives through Monzo.

We're here to make money work for everyone and we're doing things differently. For too long, banking has been obtuse, complex, and opaque. We want to change that and build a bank with everyone, for everyone. Our amazing community suggests features, tests the app, and gives us constant feedback so we can build something everyone loves. We're focused on solving problems rather than selling financial products. We want to make the world a better place and change people's lives through Monzo.

Hear from our UK team about what it's like working at Monzo ✨

📍 Location:

London

💰 Salary:

£90,000 - £140,000 + Benefits

👥 About Our User Research Team:

We are currently a team of more than 20 individual contributors, embedded into collectives (e.g., Core Banking, Business Banking), working cross-functionally with Product Design, Product Management, and Engineering teams. Our research organization is led by Katherine Vaughan, our Director of User Research.

🎯 What You’ll Be Working On:

  • Managing a team of user researchers across 1-3 “collectives” (product verticals like Payments or Wealth).
  • Working closely with your collective leadership to shape our product strategies and ensure the teams are solving the right customer problems in the right ways.
  • Scaling the impact research has on our strategies across the organization.
  • Increasing visibility of key research insights and ensuring action is taken as a result.
  • Partnering with the Director of Research to ensure everyone in the research team is working on the highest impact areas, and individuals have autonomy to make those decisions where possible.
  • Understanding your direct reports well to place them where they fit for impact, growth, and happiness.
  • Developing sustainable ways of nurturing all talent within the Research team.
  • Leading forums that allow the whole research team to feed into decisions and shape the team.
  • Working with Research Operations and the Research Director to scale team systems and processes as we grow.
  • Continually raising the standard of research through timely feedback, and improved processes and rituals.
  • Hiring brilliant, diverse User Researchers, and ensuring a smooth onboarding process for them.
  • Making sure the team has an active presence in the external community and is appealing to a diverse set of hiring prospects.

🗓️ Your Day-to-Day:

  • Work within 1-3 critical business areas to develop and deliver a product strategy, including building a deep understanding of customer needs and market opportunities, and how we’ll differentiate ourselves and grow.
  • Providing support for around 5-10 direct reports, through clear development goals, timely updates and feedback, and regular 1:1s.
  • Collaborate with and influence key stakeholders across the organization, including the wider product teams, company leadership, marketing, compliance, legal, regulatory affairs, and more to get alignment and support for the strategy.
  • Work closely with design, product, marketing data, and engineering leadership in your areas to set the direction.

Skills

User Research
Research Management
Team Management
Product Design
Product Management
Engineering

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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