Full-Time

Group Product Manager

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

£115k - £150kAnnually

Senior, Expert

H1B Sponsorship Available

London, UK

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

Category
Product Management
Product
Required Skills
Data Science
Product Management
Requirements
  • Have proven experience at setting, communicating and executing on a clear and ambitious strategy across multiple products, bonus if this has been in the spend management space.
  • Have extensive experience shipping successful, customer-centric digital products in a fast-growing company.
  • Are passionate about building products that delight customers while driving commercial success.
  • Start from first principles, having built products that tackle long-standing customer problems in innovative ways, breaking from industry norms.
  • Are data-driven, metrics-focused, and honest about your work’s performance, with a drive for continuous improvement.
  • Are creative and capable of teasing out novel ideas and solutions from your team.
  • Are comfortable collaborating across design, data, user research, marketing, and engineering disciplines.
  • Excel at working with diverse teams and perspectives, thoughtfully challenging and influencing those you work with.
  • Communicate clearly and persuasively to a range of audiences, structuring your messages effectively.
  • Are a fast learner who is humble, curious, and eager to develop yourself and others.
  • Are excited by what Monzo is building.
Responsibilities
  • Develop a product strategy informed by customer insights, market opportunities, and business goals. Translate long-term strategies into actionable plans and prioritise effectively to maximise impact.
  • Lead a cross-functional team to design, build, and scale products for our business customers by deeply understanding their needs and the regulatory, operational, and technical constraints.
  • As the product leader for the Spend Management domain you’ll be providing direction, supporting the team's development, and fostering a high-performing product culture.
  • Work iteratively with teams across design, engineering, research, data science, product marketing, compliance, and other areas to refine and execute your strategy.
  • Inspire stakeholders with the product vision and share the right context with the right people at the right time.
  • Support the Product Director by contributing insights and building a cohesive narrative for the broader Business Banking product strategy.
  • As a senior member of the team, help develop the product discipline within Business Banking and across Monzo.

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 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. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help customers stay informed about their finances. With over 8 million customers, Monzo aims to meet the growing demand for convenient, mobile-first banking solutions.

Company Stage

Late Stage VC

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo's expansion into Europe opens new growth opportunities and market diversification.
  • The partnership with SignLive enhances inclusivity, attracting the Deaf community.
  • Monzo's 'Team' plan addresses pain points for bigger small businesses, increasing market share.

What critics are saying

  • Monzo faces regulatory hurdles in securing an Irish banking license for EU expansion.
  • Accusations of breaching UK banking rules could damage Monzo's reputation.
  • Monzo's digital-only model is vulnerable to technological disruptions impacting customer trust.

What makes Monzo unique

  • Monzo offers a digital-only banking experience with real-time spending updates.
  • The 'Pots' feature allows users to set aside money for specific purposes.
  • Monzo's gambling block feature enhances responsible banking and customer trust.

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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