Full-Time

Senior Data Scientist

Borrowing

Posted on 10/11/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

£80k - £90kAnnually

+ Stock Options

Senior

H1B Sponsorship Available

London, UK + 1 more

More locations: Cardiff, UK

Hybrid role with ad hoc meetings in London.

Category
Data Science
Data & Analytics
Required Skills
Python
Data Science
SQL
Data Analysis
Requirements
  • You're *impact driven* and eager to have a real positive impact on the company, product, users and very importantly your colleagues as well
  • You're *commercially minded* and can put numbers into business perspective
  • You’re as comfortable *getting hands-on* as taking a step back and *thinking strategically*
  • You have a *self-starter mindset;* you proactively identify issues and opportunities and tackle them without being told to do so
  • You're a *team player* whom your colleagues can rely on
  • You have *solid grounding in SQL* and preferably Python
  • You have experience in conducting large scale A/B experiments
Responsibilities
  • Apply your expertise in analytics and data science to build a comprehensive understanding of our customers through identifying their needs and behaviours to steer data driven product development.
  • Lead and empower product teams to measure things that matter to improve our products and customer experience.
  • Design, implement and analyse A/B tests to assess the impact of product features and changes.
  • Collaborate with user research to use data to enhance insights and guide strategic decisions.
  • Develop and maintain data pipelines, dashboards, and reporting tools to monitor product performance.
  • Liaise with engineers to keep making sure we collect the right data to produce relevant business insights.

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.

Company Stage

N/A

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

8%

1 year growth

25%

2 year growth

58%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo's rapid customer growth, with over 8 million users, indicates strong market demand and potential for further expansion.
  • The launch of fee-free accounts for children under 16 could attract a new generation of loyal customers and foster long-term brand loyalty.
  • Innovative security features enhance customer trust and could reduce fraud-related losses, improving overall customer satisfaction.

What critics are saying

  • The competitive fintech landscape requires continuous innovation to maintain differentiation and avoid losing market share to other digital banks.
  • Regulatory changes affecting fees and interchange rates could impact Monzo's revenue model, necessitating adjustments to maintain profitability.

What makes Monzo unique

  • Monzo's digital-only banking platform offers a user-friendly mobile app with real-time balance updates and instant spending notifications, setting it apart from traditional banks.
  • The introduction of Monzo for Under 16s demonstrates a commitment to financial literacy and early financial education, a niche not widely addressed by competitors.
  • Monzo's trio of industry-first security controls, including Known Locations, Trusted Contacts, and Secret QR codes, provides enhanced fraud protection that is unique in the digital banking sector.

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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

INACTIVE