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Full-Time

Staff Backend Engineer

Business Banking

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

$140k - $190kAnnually

+ Share Options

Senior, Expert

London, UK + 2 more

Category
Backend Engineering
Software Engineering
Requirements
  • You have a track record of technical excellence, delivering resilient systems, ideally behind consumer products
  • You have technically led large teams to solve complex product challenges and manage trade-offs.
  • You want to be involved in building and protecting a product that you (and the people you know) use every day
  • You have a quantitative mindset: you care about outcomes and you make data-informed decisions
  • You’re comfortable working in a team that deals with ambiguity and have experience helping your team and partner team resolve that ambiguity
  • You think you’d enjoy the kind of work we’re doing
Responsibilities
  • Partner with the Engineering Director supporting the collective and provide technical leadership across all squads.
  • Work with the product leadership team of your collective to ensure we are making the right trade-offs across squads.
  • Rally your team around a mission, objective or company priority, injecting urgency when needed or slowing down pace to make sure the right controls are in place
  • Understand several work-streams across your group keeping enough context to regularly provide technical advice to other engineers
  • Use your expert knowledge and experience to lead architectural discussions for the most complex systems in the collective. You’ll do this in order to arrive at solutions that are robust and optimal given the context
  • Keep a high bar for technical excellence in the collective, through your own work, highlighting the work of others and calling out when things haven’t quite met the bar
  • Foster a culture of quality within your collective. Proactively championing measures to test work, and gets buy-in from stakeholders when this is not appreciated.
  • Pro-actively mentor, sponsor and up-level engineers

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