Reward Analyst

1 Month ago • All levels

Job Summary

Job Description

The Reward Analyst will join the Reward Squad within the People Collective, supporting the team in maintaining a people-focused business and an excellent culture while working at scale. This role involves managing day-to-day operations within the Compensation Team, with a focus on pay review cycles, benchmarking processes, and stakeholder requirements. The role requires using initiative to identify areas for improvement and collaborating with the People Collective and wider reward team to ensure the best outcomes for Monzonauts.
Must have:
  • Resourceful problem solver adept in crisis situations.
  • Excellent knowledge of Excel/Google Sheets is a must.
  • Prioritize high-impact work with attention to detail.
  • Independent, proactive, and a great communicator.
  • Passion for helping people is essential.
Good to have:
  • Experience designing reporting requirements and databases.
  • Experience with reward analytics and reporting.
Perks:
  • Flexible base salary and stock options.
  • Flexible working hours.
  • 1,000 learning budget per year.
  • Work from home setup.

Job Details

🚀 We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us. 

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 UK team about what it's like working at Monzo


 

London/UK Remote |  Benefits | Hear from the team

⭐Our Reward team

We're looking for a proactive, organised and conscientious Reward Analyst to join the Reward Squad within our People Collective to help us work at scale while maintaining a people focused business and excellent culture. 

The People Collective is looking for someone who is passionate about supporting a Reward and Recognition function that is engaging, scalable and most importantly equitable. We are looking for someone who enjoys dotting the i’s and crossing the t’s but never loses sight of the fact that at the start of all those numbers are our people. 

The Reward squad covers everything from pay review cycles, benchmarking analysis to pension and everything in between. We’re on a mission to help Monzo find unique ways to reward and recognise Monzonauts. 

🔑You’ll play a key role by…

You will fulfil the day to day operations of the Compensation Team, focusing primarily on our pay review cycle, benchmarking process which all lead to managing our stakeholder requirements as well as wider compensation activities. You'll use your initiative to determine what areas and processes can be improved, working with members of the People Collective and wider reward team to make sure we are doing what’s best for our Monzonauts. 

Each day will be different, and you'll learn a lot about the inner operations of how a Reward squad works. You’ll help specifically within the Compensation Team on:

Pay Review Cycle:

    • Facilitating the overall reporting requirements resulting from our pay review cycles
    • Supporting the management of our pay review cycles via our compensation planning tool pre, during and post pay review cycles

Benchmarking Cycle:

    • Supporting the annual benchmarking process which includes the preparation of various downstream reporting, submissions and analysis against current pay frameworks

  • Other:
    • Collating and analysing data to support senior leadership decisions, including input into Remuneration Committee support documents.
    • Managing any required Regulatory Reporting resulting from the compensation processes as well as carry out any enhancements due to regulatory changes.
    • Supporting the creation of routine and ad hoc reports compensation management information. 
    • Collaborating with the wider reward squad on the ins and outs of our pay review cycle and benchmarking processes.

🤩 We’d love to hear from you if…

  • you're a resourceful problem solver who is cool in a crisis
  • you have excellent excel / google sheet knowledge
  • you prioritise high impact work, but never neglect the details
  • you're independent, proactive, comfortable making decisions, and a great communicator
  • helping people makes you happy
  • ideally you’ll have some experience designing dynamic reporting requirements, developing reporting databases and designing and maintaining reward analytics

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

🙌What’s in it for you

💰We’re flexible on the base salary, depending on experience ➕ stock options

⏰We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team. 

📚£1,000 learning budget each year to use on books, training courses and conferences.

🏡We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup. 

➕ Plus lots more! Read our full list of benefits.

🌈 The application journey has 3 key steps:

  • Intro call with the recruiting team
  • First stage interview with the hiring manager
  • A loop interview with members of the team and key stakeholders 

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible! 

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.

You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to business-hiring@monzo.com. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out.


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, 2024 Diversity and Inclusion Report and 2024 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 😊

Similar Jobs

Sika Group - Territory Sales Representative - Facades

Sika Group

Salt Lake City, Utah, United States (On-Site)
2 Weeks ago
Expedia - Senior Product Marketing Manager

Expedia

Chicago, Illinois, United States (On-Site)
1 Week ago
Marsh McLennan - Reinsurance Claims Technician

Marsh McLennan

London, England, United Kingdom (Hybrid)
1 Week ago
IGT gaming - Game Mathematician IV

IGT gaming

Las Vegas, Nevada, United States (On-Site)
1 Month ago
Nium - Staff Solution Engineer

Nium

Singapore, Singapore (Hybrid)
2 Months ago

Get notifed when new similar jobs are uploaded

Similar Skill Jobs

Axel springer - Associate Account Consultant

Axel springer

Iași, Iași County, Romania (On-Site)
2 Weeks ago
Netflix - Associate, Finance & Strategy - Ad Sales

Netflix

New York, New York, United States (On-Site)
1 Month ago
Axon - Revenue Accountant, Commercial Controllership

Axon

Sterling, Virginia, United States (Hybrid)
4 Weeks ago
Nintendo - Senior Technical Localization Specialist (Japanese Bilingual)

Nintendo

Redmond, Washington, United States (Hybrid)
2 Months ago
Boombit - Junior Financial Controlling Specialist

Boombit

Gdańsk, Pomeranian Voivodeship, Poland (Hybrid)
2 Months ago
bytedance - Lark APAC Integrated Marketing Intern

bytedance

Singapore (On-Site)
2 Months ago
FICO - Site Reliability Engineer II

FICO

Mexico (Remote)
2 Weeks ago
ElevenLabs - Account Executive - Middle East

ElevenLabs

United Arab Emirates (Remote)
2 Months ago
Unity - Manager, Software Engineering, Web Platform

Unity

Bellevue, Washington, United States (On-Site)
10 Months ago
OKX - Senior Finance and Accounting Manager

OKX

Singapore (On-Site)
3 Weeks ago

Get notifed when new similar jobs are uploaded

Jobs in London, England, United Kingdom

Marsh McLennan - Part-Qualified Intercompany Accountant

Marsh McLennan

Witham, England, United Kingdom (Hybrid)
2 Weeks ago
Assystems - Senior Process Engineer

Assystems

Blackburn, England, United Kingdom (On-Site)
7 Months ago
bytedance - Content Operations Manager (DE) - CapCut

bytedance

London, England, United Kingdom (Hybrid)
2 Months ago
ClearPoint Recruitment - Sales & Lettings Negotiator

ClearPoint Recruitment

Durham, England, United Kingdom (On-Site)
5 Years ago
Jane Street - Software Engineer

Jane Street

London, England, United Kingdom (On-Site)
10 Months ago
miniclip - Senior Data Analyst

miniclip

London, England, United Kingdom (On-Site)
2 Months ago
SEGA - Senior/Principal Graphics Programmer

SEGA

England, United Kingdom (On-Site)
3 Months ago
Aera Technology - Client Partner | Enterprise Platform Sales | Decision Intelligence

Aera Technology

London, England, United Kingdom (On-Site)
7 Months ago
Snyk - Account Director UK/I

Snyk

London, England, United Kingdom (Hybrid)
1 Month ago
TransUnion - Senior Finance Business Partner

TransUnion

Leeds, England, United Kingdom (Hybrid)
4 Weeks ago

Get notifed when new similar jobs are uploaded

Similar Category Jobs

Looks like we're out of matches

Set up an alert and we'll send you similar jobs the moment they appear!

About The Company

We’re building the best bank in the world - a bank you'd be proud to use - and that means bringing together a talented team with diverse experiences, backgrounds and skills. We believe there should be an alternative to the banking of the past: we're focused on solving problems, rather than selling financial products, making your financial life simpler, and giving you complete control from your smartphone. Internally, we encourage an open, collaborative, inclusive working environment. We contribute to open source software, and we continually engage with our wonderful community. We’re hiring talented, creative problem-solvers to help us build the bank of the future.

Cardiff, Wales, United Kingdom (Remote)

London, England, United Kingdom (Hybrid)

London, England, United Kingdom (Hybrid)

London, England, United Kingdom (Remote)

Cardiff, Wales, United Kingdom (Remote)

London, England, United Kingdom (Remote)

United Kingdom (Remote)

London, England, United Kingdom (Hybrid)

London, England, United Kingdom (Remote)

London, England, United Kingdom (Remote)

View All Jobs

Get notified when new jobs are added by Monzo

Level Up Your Career in Game Development!

Transform Your Passion into Profession with Our Comprehensive Courses for Aspiring Game Developers.

Job Common Plug