Full-Time

Finance Business Partner

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

£75k - £85kAnnually

Mid, Senior

London, UK

Requires a minimum of 1 day a week in the London office.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • Have demonstrable experience in finance business partnering, particularly working with a People team or other cost discipline
  • Are qualified through a relevant professional qualification or equivalent experience
  • Hold strong financial modelling (advanced Excel/Google Sheets) experience
  • Have great analytical & problem solving skills, with the ability to identify trends, issues and recommend actions
  • Hold good interpersonal & influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
  • Have the ability to confidently present data in a meaningful and effective way; understanding the needs of the end users and tailoring presentations to their requirements
  • Have experience building strong, trusted relationships with stakeholders at all levels
  • Have experience building business cases, presenting and debating investment choices
  • Demonstrate ability to be hands-on and enjoy supporting colleagues, projects or tasks both big or small
  • Have strong attention to detail and organisational skills, able to support with developing new processes and streamlining existing processes to create efficiencies
Responsibilities
  • Taking overall responsibility for the forecasting and analysis for our People collective, including taking full ownership of annual budget, interim forecasts and multi year plan for this business area
  • Preparing management information, insights & reporting to senior leadership team, highlighting emerging issues & potential future challenges
  • Assisting with the development of various strategic & tactical initiatives
  • Working independently and take the initiative to develop relationships and work across the business to help them understand financial perspectives
  • Making sure financials are managed in line with business plans for both short and long term

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