Join Monzo's Mission to Revolutionize Banking and Elevate Financial Health for Everyone
Overview
£85000 - £100000
Remote (UK)
Expires at anytime
Monzo is not just a bank; it's a vibrant community dedicated to making financial control and education accessible to all. With innovative products like our instantly recognizable hot coral cards and features like 'get-paid-early', Monzo stands at the forefront of a banking revolution. Our commitment to outstanding customer service and financial problem-solving has earned us widespread recognition, and now is an exciting time to be part of our growth.
Role Summary:
- Lead the Financial Health operation within Monzo's Operations Team.
- Drive efficiency and maintain service levels in customer response.
- Champion high-quality outcomes for customers and the bank, including forbearance measures.
- Collaborate with various internal teams to align on product features and operational input.
- Identify and support vulnerable customers effectively.
- Automate and improve operational processes.
- Manage incidents and coordinate the response with composure.
- Guide and develop a team of Operations Managers and Analysts to deliver exceptional customer service.
- Execute core projects and spearhead innovative changes.
- Handle change management impacting the Financial Health sector.
- Analyze and leverage performance data to enhance operations.
- Ensure regulatory compliance and uphold good governance.
Role Requirements:
- At least 3 years of leadership experience in a dynamic, regulated environment with a large customer base.
- Expertise in Financial Health and familiarity with relevant regulations.
- Experience with third-party supplier management and outsourced services.
- Hands-on leadership style with a deep understanding of team functions.
- A record of successful end-to-end project delivery and change leadership.
- Strong coaching and development skills for team and individual performance.
- Excellent communication skills aligned with Monzo's values.
- Ability to provide clear, actionable feedback across various levels.
Application Process Details:
- Initial 30-minute interview with a recruiter.
- Values interview to ensure alignment with Monzo's culture.
- Role-specific interview to delve into your expertise.
- Leadership interview to assess management capabilities.
The interview process is conducted via GoogleMeet and typically spans 3-4 weeks, with flexibility around your availability. For any inquiries, reach out to NinaEbanks@monzo.com.
Monzo offers a competitive salary of £85,000 to £100,000, with £110k in stock options, a learning budget of £1,000 per year, flexible working hours, and more. While the role is remote within the UK, occasional London meetings are expected. Monzo is an equal-opportunity employer, deeply invested in diversity and inclusion, and encourages applications from all backgrounds.
🚀 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 in the UK | 💰 £85k to £100k + £110k in stock options Benefits | Hear from the team ✨
We reserve the right to close this vacancy when we feel we have received enough quality applications. No further applications will be accepted once the role is closed.
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.
What you'll be working on:
Leading our Financial Health operation. This includes:
- Making sure we are operating efficiently and within our defined service levels for responding to our customers
- Making sure we are consistently achieving high standards of quality, customer and bank outcomes including providing the right levels of forbearance where required
- Understanding the operational impact on credit performance and effectively managing this through process and performance
- Working closely with various teams across Monzo such as our planning and scheduling, complaints, quality assurance teams
- Working closely with our Borrowing teams to understand new and changing product, solutions and features and contributing to the design and providing operational input
- Making sure we are able to effectively identify vulnerable customers and provide the right support
- Working with data analysts and engineers to ensure we are monitoring the right things and delivering value.
- Improving our processes. You will work to automate manual processes and deliver improved, more efficient ones.
- Calmly managing incidents: sometimes things might go wrong and you will organise and coordinate our response.
- Effectively managing a team made up of Operations Managers and Analysts you’ll own and deliver world-class customer service to deliver against all key goals and performance indicators.
- Leading by example. You’ll be a customer advocate in all you do and build a culture that your team is proud to be a part of by owning and influencing engagement and development across the whole operation.
- Leading and executing on core projects from end to end. You’ll be the go-to person in FinHealth Operations and drive innovative change through your direct team and a wider group of stakeholders such as Product, People, Risk, Complaints and Workforce Management
- Managing and implementing and embedding change from other business areas that impacts FinHealth
- Analysing and reporting performance data confidently and using this information to drive operational improvements, highlighting areas for change
- Building a “one team” approach across inhouse and outsourced teams, managing the work distribution and strategy across both as well as owning the performance for outsourced Financial Health processes
- Making sure that we are following good governance and control and are compliant with all regulation
You should apply if:
- You’ll have 3+ years of exceptional experience leading a large highly effective operation, ideally in a regulated, fast paced environment, with large customer bases
- You have experience in the Financial Health discipline is essential and are familiar with applicable regulations in the Financial Services sector
- Experience of working with third party suppliers/managing outsourced services
- You enjoy being hands-on and understand the work that your team does
- Proven track record of end to end project delivery and experience in leading through change
- Strong leadership and proven people management experience
- Strong ability to coach and develop teams and individuals to achieve and maintain targets
- Strong communications skills and be able to deliver business wide messages in line with our values to ensure messages have landed with clarity
- Experience in identifying performance trends using data to solve problems and identify opportunities
- Excellent English written & verbal communication skills
- Values driven approach in line with Monzo’s core values
- Ability to provide specific actionable feedback to a wide range of audiences and levels
The interview process:
Our interview process involves 4 main stages via GoogleMeet
- First stage - 30 minutes interview with Recruiter
- Second stage - Values interview
- Third stage - Role Specific interview
- Fourth stage - Leadership Interview
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 £85,000 to £100,000 ➕ plus £110k 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 😊