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Join the financial revolution as a Collections Manager at Monzo and empower customers to regain their financial health
Overview
Salary £40000 - £65000
Location Remote (UK)
Nomad Friendly? 
Expires Expires at anytime
Monzo is changing the face of banking by offering a user-friendly, technology-driven approach that puts customers first. With our vibrant culture, flexible working hours, and commitment to diversity and inclusion, we're not just a bank - we're a movement dedicated to making money work for everyone. Join us and become a part of our award-winning team, renowned for exceptional customer service and financial innovation.
Role Summary:
- Work alongside the existing Collections Manager to improve financial health for our customers.
- Oversee a team of analysts in Collections, Recoveries, and Back office.
- Ensure customer outcomes are positive through Quality Assurance and Service level monitoring.
- Lead the development of new, customer-focused solutions and improvements.
- Collaborate with multiple teams to drive change and manage key projects.
Role Requirements:
- Significant experience in Financial Difficulties, Collections, and Recoveries.
- Proven management skills at a senior team manager or Operations Manager level.
- Familiarity with operational KPIs, service level oversight, and Quality Assurance.
- Strong project management skills and data-driven decision-making.
- Ability to coach teams and achieve results through people.
- Excellent communication skills and collaborative work style.
- Resilience under pressure and adept at managing multiple priorities.
Application Process Details:
- A 30-minute interview with a recruiter via GoogleMeet.
- Role-specific and values interview, followed by a 'coffee chat' with the Senior Manager of Financial Health.
- The interview process is designed to be flexible and typically spans 3-4 weeks.
For more information or to express your interest, please reach out to NinaEbanks@monzo.com. Embrace the opportunity to grow with Monzo and help us build a more inclusive financial world.
🚀 We’re on a mission to make money work for everyone.
We’re waving goodbye to the complicated and confusing ways of traditional banking.
With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!
We’re not about selling products - we want to solve problems and change lives through Monzo ❤️
Hear from our team about what it's like working at Monzo ✨
📍Location: Remote | 💰 £40,000 to £65,000 + Benefits
We reserve the right to close this vacancy when we feel we have received enough quality applications
About our Financial Health Team:
The Financial Health team forms part of the Operations Team at Monzo and supports the broader mission to help people achieve their financial goals through better borrowing. Sometimes things don't go to plan for our customers and they need our support.
The Financial Health team's objective is to nurture customers back to a good, or healthy financial situation. There is a real emphasis on not just solving the short term problem for our customers but to promote longer term positive outcomes.
As a Collections Manager you will join the team in Financial Health that work closest to the Operation. You will work with our existing Collections Manager to manage and oversee a team of analysts who support Collections, Recoveries and Back office. The team is responsible for oversight, insight and change delivery as well as developing and maintaining knowledge management to ensure good customer outcomes are achieved. This is monitored through Quality Assurance and also Service level monitoring.
What you’ll be working on:
As our Borrowing footprint grows and a level of economic uncertainty could mean more customers need our support. We are looking for more innovative ways of offering support to our customers. This ranges from creating more self-serve opportunities, more automated and improved journeys for our processes and improved tooling for our Customer Operatives, all with an objective to help the customer find the most suitable solution for their needs.
There are a number of awesome initiatives coming and a ton of space to create new ideas and make a difference. We are a fast paced team who thrive in driving change and making improvements, if this sounds a little bit like you, read on!
Your day-to-day
- Maintain performance against Key Performance Indicators across Collections, Recoveries & Back office, for example service levels and customer outcome metrics. Identify areas for improvement and lead analysts within the team to develop with root cause analysis & improvement plans
- Support & Coach more junior team members with day to day responsibilities on running the team, such as:
- Oversight of our key metrics
- Goal/project delivery
- Writing/updating process/guidance
- Creating and delivery of adhoc coaching/training
- Closing gaps/risks through specific actions
- Change and embedment plans
- Support and work with the Senior Collections Manager with planning and initiatives on a short, medium and long term roadmap
- Manage and be point of contact for key projects/change within the team
- Liaise and build a partnership with Customer Operations - within the Financial Health team, to support Team Managers and their Operations Manager/s to work effectively across the teams
- Work close with Ops Squad Lead to manage roadmap and team priorities
- Line management responsibilities for analysts
You should apply if:
- You have significant experience within Financial Difficulties, ideally Collections, Recoveries & Third party debt solutions
- You have significant experience managing at the level of a senior team manager or Operations Manager
- You ideally have an understanding of operational/call centre KPIs including service level oversight & Quality Assurance
- You have experience in managing and running projects/leading large scale change
- You have experience being data led to drive change
- You enjoy coaching and getting results through people
- You have a collaborative and inclusive approach to how you work within a team
- You are hands on and roll your sleeves up when required
- You are a great communicator
- You thrive under pressure and comfortable working on multiple priorities
The interview process:
Our interview process involves 3 main stages via GoogleMeet
- First stage - 30 minutes interview with Recruiter (virtual)
- Second stage - Role specific interview & Values interview (virtual)
- If successful - Coffee chat with Senior Manager of Financial Health (virtual)
Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact me at [email removed - click apply for more details]
What’s in it for you:
💰 Salary range £40,000 to £65,000 ➕ plus stock options & benefits
📍This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London).
⏰ We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.
📚 Learning budget of £1,000 a year for books, training courses and conferences
➕ And much more, see our full list of benefits here
#REMOTE-LI #REMOTE-NE
Equal opportunities for everyone
Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2023 Diversity and Inclusion Report and 2023 Gender Pay Gap Report.
We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.
If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊
