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Full-Time

Disputes Adviser

Expert

Posted on 9/11/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

$28.5k - $32kAnnually

+ Benefits

Entry

London, UK + 2 more

Category
Risk Management
Finance & Banking
Requirements
  • 9 months or more experience in Mastercard Card Payment Disputes
  • Experience resolving and identifying Card Payment Dispute enquiries, ideally within the MasterCard Chargeback scheme
  • Strong customer service skills with the ability to handle complex enquiries
  • Demonstrating organisational skills to navigate multiple systems while effectively communicating with customers
  • Ability to work independently and arrive at the right outcome for the customer
  • UK resident currently living in the UK and have the right to work in the UK
Responsibilities
  • Using a full set of tools to build a timeline of a customer's dispute claim ensuring we are submitting valid chargebacks for our customers.
  • Analysing & resolving enquiries for dispute cases & communicating with our customers effectively and with empathy and securing the right outcomes for them.
  • Making fair decisions based on your high quality investigation, in line with external regulations and internal policies.
  • Identifying and supporting our vulnerable customers in relation to their dispute claims.
  • Handle Dispute enquiries within agreed SLAs.
  • Analysing and resolving enquiries for dispute cases in line with the Mastercard scheme guidelines to give the customer the correct outcome.
  • Ensure that investigation files, notes and other documents are adequately completed Identify areas of optimisation and implement process enhancements.
  • Once you have got to grips with the initial stages of a Dispute at Monzo we will then look to upskill you to engage with the Mastercard chargeback process through to the Second Presentment stage.
  • You’ll, on occasion, be speaking with customers over the phone.
  • You’ll also be expected to become a trusted point of escalation for the wider team. They will look to you for advice and you will be expected to provide knowledge shares to your peers.
  • Recognising emerging trends in disputes and communicate this information to your Team Manager.
  • Being responsible for identifying your areas of development and working with management to develop in these areas (training, mentoring, etc.)

Monzo operates as a digital-only banking platform that focuses on providing a modern and convenient 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 payments to the nearest dollar. Monzo generates revenue through interest on customer deposits, fees for certain services, and interchange fees from card transactions. Additionally, it offers overdrafts and personal loans as part of its services. 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. With over 8 million customers, Monzo aims to meet the growing demand for accessible and mobile-first banking solutions.

Company Stage

Series I

Total Funding

$1.5B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

8%

1 year growth

23%

2 year growth

53%
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.

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