Full-Time

Lead Data Scientist

Core

Confirmed live in the last 24 hours

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

Ā£95k - Ā£115kAnnually

+ Stock Options + Benefits

Senior, Expert

London, UK + 1 more

More locations: Cardiff, UK

Hybrid role with ad hoc meetings in London.

Category
Data Science
Data & Analytics
Required Skills
Data Science
Requirements
  • You enjoy working with cross functional fast moving teams
  • You are able to think strategically about the Core Banking product and how decisions using data can unlock more value for our customers
  • You are excited about mentoring other data scientists and analytics engineers
  • You are excited by experimentation and utilising new data techniques to solve challenging problems
  • You want to understand the nuances of our data and are excited about laying the key foundational knowledge for our new products and features
  • You are opinionated about how to think about measuring success and are willing to challenge the status quo
Responsibilities
  • Lead the product strategy in App Evolution within Core Banking - continuing to evolve the app experience for customers to make it magically simple to manage money day-to-day with Monzo, and help customers discover differentiated value
  • Develop and execute best practices for experimentation enabling our team to make data informed decisions
  • Collaboratively set standards and work with data across Monzo, fostering knowledge sharing and continuously improving data practices.
  • Work closely with leaders in product, engineering, design and research to build and iterate on product ideas

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

ā†‘ 8%

1 year growth

ā†‘ 23%

2 year growth

ā†‘ 62%
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.

Help us improve and share your feedback! Did you find this helpful?

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