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Full-Time

Senior Engineering Manager

Business Banking

Posted on 9/17/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

$130k - $160kAnnually

+ Equity + Stock Options + Benefits

Senior, Expert

London, UK + 2 more

More locations: Cardiff, UK | Remote in UK

Relocation assistance available for candidates.

Category
Engineering Management
Software Development Management
Requirements
  • Experience directly managing at least 1-2 Engineering Managers for a minimum period of 1 year
  • Experience leading organizations of around ~20 engineers
  • Strong technical and delivery background
  • Experience as a software engineer in previous roles
Responsibilities
  • Enjoys taking accountability for delivery across your squad(s), collaborating with the Technical Lead and Product Manager
  • Actively fosters a high bar for engineering excellence within your teams
  • Accountable for the technical outcomes your teams deliver alongside individual engineer performance and growth
  • Partners with senior engineers to drive technical initiatives that raise the bar for our engineering practices
  • Builds strong stakeholder relationships with other teams
  • Creates a focus space for engineers to do their best work
  • Collaborates with the wider engineering organisation to contribute to company-wide best managerial and technical practices and standards

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

↑ 4%

1 year growth

↑ 21%

2 year growth

↑ 52%
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

INACTIVE