Monzo

Staff Backend Engineer

Cardiff, Wales, United Kingdom

£115,000 – £150,000Compensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Position Overview

  • Location Type: London / UK Remote
  • Job Type: Staff Engineer (L60)
  • Salary: £115,000 - £150,000 + Benefits

Monzo is on a mission to make money work for everyone, moving away from complicated traditional banking. Starting as a prepaid card, Monzo has expanded significantly over the last 10 years in the UK. Their product offering now includes personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards in the UK, with future developments planned. UK customers can also access savings, investments, and pension combining services. Known for their distinctive hot coral cards, early payday feature, financial education on social media, and award-winning customer service, Monzo aims to create magical moments for their customers by solving problems and changing lives, rather than just selling products.

About Monzo's Engineering Teams

  • The engineering department comprises around 300 engineers within a total workforce of approximately 2,500 people.
  • There are significant ambitions and opportunities for engineers to move between teams or specialize.
  • Engineers collaborate directly with individuals across the entire company.
  • Regular knowledge-sharing sessions are held, covering various aspects of banking and communication.
  • Monzo contributes to open-source software.

What You’ll Be Working On

  • Technologies:
    • Go (for application code)
    • Cassandra (for persistent data storage)
    • Kafka (for asynchronous message queue)
    • Envoy Proxy (for RPC)
    • Kubernetes and Docker (for service scheduling and running)
    • AWS (for infrastructure)
    • React (for internal web dashboards)
  • Infrastructure: The company operates two physical data center sites with connectivity to third parties.

Responsibilities

  • Collaborate across disciplines to test hypotheses and drive positive customer impact.
  • Work within a squad alongside product managers, marketers, user researchers, designers, mobile engineers, web engineers, data analysts, business analysts, writers, and other professionals.
  • Build and support a specific area of Monzo within a broader collective.

Application Instructions

  • Note: Specific application instructions were not provided in the original job description.

Company Information

  • Company: Monzo
  • Mission: To make money work for everyone.
  • Product Offering: Personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, credit cards, savings, investments, and pension combining services.

Skills

Go
Cassandra
Kafka
Envoy Proxy
Kubernetes
Docker
AWS
React

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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