VP of Engineering, Monzo
Offers equity
More information about location
Digital-only bank platform and marketplace
Job no longer available
Digital-only bank platform and marketplace
1001+ employees
Job no longer available
Offers equity
More information about location
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You have experience leading Engineering orgs between 150-200+ individuals (including experience managing Engineering Leaders, ideally at Director level)
- You’ve got over a ten year track record of shipping successful, customer-centric digital products in a consumer tech company
- You have the ability to communicate clearly and persuasively to a wide range of audiences, and in a structured way
- You can clearly demonstrate the impact and success of your previous work and your team’s work in line with business objectives
- You can systematically break down and then solve complex problems (for customers and the business)
- You’re comfortable using data to ground your thinking in analysis, can identify key metrics and their drivers and evaluate the success of your work
- You make good decisions in complex situations where there’s often no “right answer”
- You can work effectively with a diverse range of people and working styles to get stuff done, and are able to thoughtfully and constructively challenge and influence the people you work with
- You’re able to quickly build trust and enable your team’s to be high performing
What the job involves
- This is a brand new role and we’re looking for a creative, entrepreneurial and impact-focused VP of Engineering to lead all of our core product areas and help us build one of the best, most innovative banks in the world
- As VP of Engineering, you’ll report to the Chief Technology Officer and lead an organisation of 200+ Engineers to set big, ambitious goals for all of our product areas, and have the freedom to decide how to meet them
- You’ll operate with autonomy and have a massive impact on our customers’ lives and Monzo’s success
- You’ll be leading the product verticals building our consumer facing products spanning our personal and business banking, lending products and more
- You'll also be playing a key role in expanding Monzo products across various geographies around the globe
- Lead a cross-functional organisation of 200+ Engineers with Engineering Directors as your direct reports
- Build and deliver on our strategy to grow Monzo on an international scale. You’ll shape our strategy to achieve this and how we can understand the needs of customers across the globe
- Collaborate with VP and C-Suite stakeholders across product, design, data, user research and other disciplines across all of our customer-facing products
- Create delightful experiences that solve user needs and pain points. You should aim to be a champion of our customers
- Use a data-driven approach to shape decision making
- Lead planning processes and roadmap prioritisation to ensure alignment within the teams and with wider business goals and objectives
Application process
- Recruiter Call (30 mins) You'll meet our Engineering Leadership Recruiter to discuss your experience and learn more about Monzo. They'll be your partner and guide throughout the interview process
- Initial Call (1 hour) You'll meet with our Chief Technology Officer. They'll ask you about your previous experience, in particular people leadership, product delivery and technical leadership. They’ll also make time to tell you about Monzo and answer your questions
- Loop Stage (4 hours) The Loop stage consists of 4 x 60 min interviews that take place over 1-2 days (depending on your availability)
- Final Meet and Greet - Given the seniority and importance of the role, it’s likely we’ll also ask you to meet with our CEO and COO before making a final decision. This’ll be an opportunity for you to also meet our most senior leaders at Monzo
Salary benchmarks
Otta's take
Sam Franklin
CEO of Otta
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.
Insights
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
$438.1m
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
Jonas Templestein
(CTO)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.
Share this job
View 28 more jobs at Monzo