Senior Machine Learning Scientist, Monzo

Customer Operations

£85-110k

SQL
Python
Golang
Senior level
London

More information about location

Monzo

Digital-only bank platform and marketplace

Job no longer available

Monzo

Digital-only bank platform and marketplace

1001+ employees

FintechB2CB2BBankingMarketplacePersonal financeFinancial ServicesMobile

Job no longer available

£85-110k

SQL
Python
Golang
Senior level
London

More information about location

1001+ employees

FintechB2CB2BBankingMarketplacePersonal financeFinancial ServicesMobile

Company mission

To build a new kind of bank that makes money work for everyone.

Role

Who you are

  • What we’re doing here at Monzo excites you!
  • You have a track record of executing on the development and deployment of advanced Machine Learning models tackling real business problems with demonstrable impact, preferably in a fast moving tech company
  • You have experience developing and shipping deep learning, graph-based, and/or sequence-based ML architectures to production and delivering business impact
  • You're impact driven and excited to own the end to end journey that starts with a business problem and ends with your solution having a measurable impact in production
  • Using advanced machine learning techniques to directly improve customer support experiences and globally optimise routing and prioritisation across millions of customers and thousands of support staff sounds exciting to you
  • You have extensive experience writing production Python code and a strong command of SQL. You are comfortable using them every day, and keen to learn Go lang which is used in many of our backend microservices
  • You thrive working on ambiguous problems
  • You want to be involved in building a product that you and the people you know use every day, with a product mindset that prioritises customer outcomes and data-informed decisions
  • You’re adaptable, curious and enjoy learning new technologies and ideas

Desirable

  • Experience working with operations, financial crime and in regulated institutions
  • Commercial experience writing critical production code and working with microservices

What the job involves

  • We aim to transform customer service by reducing the time and effort required to resolve issues, enhancing customer confidence and satisfaction
  • As part of Operations you’ll be at the forefront of our mission to provide unparalleled customer support experiences
  • Your role will be pivotal in leveraging state of the art machine learning techniques including LLMs to understand customer problems, to develop an effective human-in-the loop system that augments automation with the efforts of support workforce (who we call COps) to more expediently and efficiently predict, identify, disambiguate and route customer problems at scale to support a rapidly expanding company with global ambitions across multiple geographies
  • You’ll be one of 4 ML engineers in Operations, embedded in product squads working alongside data scientists, backend, mobile and web engineers, product managers, user researchers, designers and operations specialists
  • We’ll be expecting you to leverage your deep experience of developing and deploying advanced Machine Learning models to:
  • Understand customers’ problems and support needs based on a variety of inputs
  • Route customers to the right COp who can support them and globally optimise those routing decisions across millions of customers and thousands of support staff
  • Automate the resolution of customers’ support needs through autonomous agents
  • Aid customer support in decision-making and pattern detection
  • The technical approaches you take to solve these problems will be very much in your hands and we’ll strongly encourage and support experimentation and innovation
  • We’ll be expecting you to justify and demonstrate effectiveness along the way, making sure the approach meets our business and customer needs

Application process

  • 30 minute recruiter call
  • 45 minute call with hiring manager
  • 1 take home task
  • 3 x 1-hour video calls with various team members
  • Our average process takes around 3-4 weeks but we will always work around your availability

Salary benchmarks

Our take

Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.

Monzo remains one of the popular online banks, with more than 6 million customer active users. The company faces competition as more traditional banks, such as Goldman Sachs and JP Morgan, have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.

With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).

After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.

Kirsty headshot

Kirsty

Company Specialist

Insights

Top investors

Many candidates hear
back within 2 weeks

42% female employees

19% employee growth in 12 months

Company

Funding (last 2 of 18 rounds)

May 2024

$190m

LATE VC

Mar 2024

$447.3m

LATE VC

Total funding: $1.9bn

Company benefits

  • Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
  • Flexible working hours
  • Work From Home Opportunities + we'll pay for any equipment you need to do your job
  • 24 days holiday a year, plus bank holidays
  • Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
  • Employee Assistance Programme
  • Learning budget of £1,000 a year
  • Aviva Pension Scheme + 4% Employer Contribution
  • Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
  • 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
  • 3 months of secondary caregiver leave at 100% pay
  • Unum Life Insurance
  • Access to fertility and family-forming health benefits via Fertifa
  • Abellio Season Travel Tickets + Cycle-to-Work Scheme

Company values

  • Be hard on problems, not people 🙌 We create supportive communities to help people thrive.
  • Make a difference 🚀 We solve real problems, working on things that have the biggest impact for our customers and each other.
  • Help everyone belong 🤗 We’re building a bank for everyone. We embrace differences and make sure everyone feels welcome.
  • Think customer first; grow Monzo safely 🥕 We always do what's best for customers. It's the right thing to do and the safest way to grow.
  • Default to transparency 🎤 We’re open with each other and customers unless we have good reason not to be.
  • Think big, start small, own it 🌲 We’re ambitious and shoot for the moon, working iteratively to get the best results.

Company HQ

City of London, London, UK

Founders

Founder of HipDial. Former Software Engineer at Starling Bank.


People progressing

Joined in the Customer Operations team. Moved to be a Financial Crime Analyst after 5 months. Then moved again to be a Business Analyst after 2.5 years. Currently working as a Senior Product Manager.

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