Senior Compensation Manager

🚀 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 ✨ 

We’re looking for a commercially sharp, people-first Senior Compensation Manager to help shape the future of reward at Monzo. You’ll be at the heart of building a reward experience that’s fair, progressive and built to scale. Not just fit for today, but ready for tomorrow. 

Monzo is growing fast, and we want to grow thoughtfully. That means making sure our compensation approach reflects our values, empowers our people, and keeps us competitive in a changing world. You’ll lead on high-impact, cross-company activity, from benchmarking and pay reviews, to evolving our frameworks for progression, levelling and compliance.

This isn’t about maintaining the status quo. It’s about driving forward a strategy that’s clear, meaningful and distinctly Monzo. You’ll bring sharp insight, analytical, a collaborative mindset, and the confidence to shape what great looks like for the business and for every Monzonaut.

If you’re passionate about meaningful reward work that drives real impact, and you’re excited by the idea of building and scaling something that truly makes a difference we’d love to hear from you.

🔑You’ll play a key role by…

As our Senior Compensation Manager, you’ll work across the business to build and evolve our reward programmes, making sure they’re competitive, equitable, and future-ready. Here's what you’ll be working on with the support of our Reward Analysts:

• Leading our annual pay review including key stakeholder management including Senior Management, People Partners, Hiring team and Business during the compensation team process
• Leading our salary and overall compensation benchmarking to make sure we remain competitive against our peers so we can attract and retain the talent needed for success, including collaborating with our hiring team during the job offers stage
• Maintaining and developing Monzo’s pay frameworks and job levelling to make sure we continue to fairly assess and reward folks for their work
• Owning compensation reporting, MI and analytics
• Working alongside our wonderful team mates in the Payroll and People Ops teams to implement and improve reward processes to give Monzo employees the best experience
• Be the main point of contact for compensation related questions or requests coming from the Business, People Partners and Hiring.
• Helping to enhance how we use our systems within the team and explore ways to expand how we use them further
• Supporting the VP of Reward, Head of Compensation and wider Reward team to deliver a compelling Reward and Recognition strategy that is aligned with our mission and people strategy 

🤩 We’d love to hear from you if…

You  are a technical Compensation expert with deep experience of UK and global compensation within fast paced and scaling technology companies (the FS experience is a nice to have) and have:

• Lead the creation of or evolvement of a Compensation Philosophy
• Lead annual pay review cycles end to end, including extensive modelling to align with budget requirements
• Lead the annual benchmarking process, including extensive analysis including various data sources with alignment to salary bands and job architecture
• You have been responsible for compensation statutory reporting requirements such Gender Pay Gap reporting, Pay Transparency

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:

• A 30-minute call with a recruiter
• An initial conversation with someone from the team
• A practical written exercise
• 2–3 final stage interviews held remotely via Google Meet

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.

#LI-TK1 #LI-Remote

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 😊