Full-Time

Web Engineer

Fincrime

Posted on 11/21/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

ÂŁ80k - ÂŁ110kAnnually

+ Stock Options

Junior, Mid

H1B Sponsorship Available

London, UK + 1 more

More locations: Cardiff, UK

Role can be based in London office or distributed within the UK with ad hoc meetings in London.

Category
Web Development
Software Engineering
Required Skills
JavaScript
React.js
TypeScript
Vue.js
Webpack
AngularJS
Requirements
  • You love building products in cross disciplinary teams using an iterative approach, driven by user feedback and data insight.
  • You care deeply about providing a great user experience for our users.
  • You have an interest in building performant web experiences and designing/building UI that makes it easy for users to accomplish what they need.
  • You enjoy diving deep into dashboards, metrics, and then making decisions/recommendations based on impact.
  • You enjoy working in a large front-end codebase with many stakeholders.
  • You understand the importance of prioritisation in your work to ensure a good balance between development velocity and code quality.
  • You have developed modern component-oriented JavaScript applications using frameworks and libraries (e.g React, Vue, Angular, Flow/Typescript, Webpack etc).
  • You are a keen learner and love sharing your knowledge with others.
Responsibilities
  • Working closely with the Product Manager and Operations and Risk Domain Experts.
  • Identifying and scoping opportunities for impactful projects.
  • Actively contributing to every stage in the product development lifecycle within your team, and owning the development of new features from start to finish.
  • Working closely with our backend engineers to design APIs to support new frontend features.

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